Ceiling price of natural gas for households to grow by over 20% in Jan

Ukrainian-based companies operating on the competitive natural gas market have set prices for households in January 2021 at UAH 6.99 - UAH 10.8 (US$0.26 - US$0.38) per cubic meter, having increased the floor and ceiling prices by 11% and 20.5%, respectively, compared to those which were in effect in December 2020.

The relevant statement was published on the GazPravda Consulting Center's website on December 28, which was created by National Joint-Stock Company Naftogaz of Ukraine together with activists for households.

Read alsoWeek's balance: IMF mission starts SBA revision, Cabinet appoints acting energy minister, and Naftogaz ups gas price for thermal distributorsThe lowest price, that is UAH 6.99 (US$0.246) per cubic meter (11% up from December), was offered by LLC Gaz UP, followed by LLC Megawatt with UAH 7.05 (US$0.248) per cubic meter (18% up from December), LLC Agrosyntes Trading with UAH 7.08 (US$0.249) per cubic meter (19% up from December), Energy Resources of Ukraine with UAH 7.11 (US$0.251) per cubic meter, and Ascania Energy with UAH 7.20 (US$0.254) per cubic meter.

LLC Naftogaz of Ukraine GSC (Gas Supply Company), which accounts for about 3% of the households, will sell gas at UAH 7.22 (US$0.255) in January (14% up against December).

Gas prices set by other suppliers

Prices of gas offered by other suppliers range from UAH 7.39 (US$0.26) to UAH 10.8 (US$0.38) per cubic meter.

Ukrainian regional companies covering two-thirds of the households offer gas to their consumers at UAH 8.75 - UAH 10.8 (US$0.31 - US$0.38) per cubic meter, depending on their region. Thus, the floor price of natural gas sold by such companies increased by 26.8%, while the ceiling one grew by 20.5%.

The highest price of gas for the first month of 2021 was fixed by Lvivenergozbut, that is UAH 10.8 (US$0.38) per cubic meter.

In total, 55 gas suppliers published their January price quotations as of December 28.

Background

• The average price of gas for Ukrainian households in December is within the range of UAH 6.33 (US$0.22) to UAH 8.96 (US$0.32) per cubic meter.
• On August 1, the natural gas market became opened for the country's households, allowing them to select a gas supplier.
• National Joint-Stock Company Naftogaz of Ukraine's public service obligations (PSOs) to supply gas to households expired, but municipal heating companies will continue receiving gas at prices regulated by Naftogaz.