Ukraine Increases Electricity Production

by Meifan Honcharuk
Monday, January 10, 2022
Ukraine Increases Electricity Production

In Ukraine last year, electricity production increased by 5.2%

In 2021, electricity production in Ukraine amounted to 156.576 billion kWh, which is 5.2% more than in 2020.
Nuclear power plants in 2021 increased electricity production by 13.1%, to 86.2billion kWh, hydroelectric power plants — by 37.7%, to 10.4 billion kWh.
Electricity production at thermal power plants decreased by 5.9%, to 37.2 billion kWh, at combined heat and power plants and cogeneration plants — y 32.7%, to 8.6 billion kWh.
Electricity production by alternative sources (wind farms, solar power plants, biomass) in 2021 amounted to 12.5 billion kWh, which is 15.3% more than the same period last year.
It is noted that the main share in the total electricity production last year was occupied by nuclear power plants — 55.1%. The share of TPPs and CHPPs was 29.3%, HPPs and PSPPs — 6.7%. The percentage of electricity generation from renewable sources is 8%.
According to the Ministry of energy, in 2021, electricity consumption increased by 5.7%, to 154.8 billion kWh. In particular, consumption by the population increased by 5.8%, to 38.6 billion kWh, industry — by 6%, to 52.2 billion kWh.
As reported, the Ministry of energy approved the forecast electricity balance for 2022, which increases electricity production by 2.5% to 161 billion kWh.
Ukraine ranks 30th in the world in terms of cheap electricity for the population. The rating recorded that the country's average price of 1 kWh is $0.057, and the highest is $0.062.
Ukraine has set itself the goal of actively developing renewable energy sources. They even introduced a stimulating green tariff to build more solar power plants, wind farms, small hydroelectric power plants, and bioenergy facilities. Green tariff is the obligation of the state to buy out all energy produced from renewable sources at a higher price than that established for residential consumers.
Ukraine has sufficient potential for the renewable energy market to become a platform for developing new business models and attracting foreign investment in 2022. Indeed, even under unfavorable political conditions, Ukrainian citizens and businesses are increasingly choosing favor of good and clean renewable energy technologies.

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