Electricity costs last year exceeded the previous 5 years - DiXi Group
Ukraine imported electricity worth $669.4 million in 2024, which is $2 million more than the total costs for the period 2019-2024
During 2024, electricity import costs amounted to a record $669.4 million, which is $2 million more than the total costs for the previous five years. This is stated by experts from the analytical center DiXi Group, who analyzed data published on the Energy Maр portal.
The change in costs was caused not only by an increase in imports but also by electricity price dynamics. Thus, in 2024, Ukraine imported 4436.6 GWh, spending $669.4 million. For comparison, in 2023, import volumes were five times lower (806.4 GWh), while costs were four times lower ($154.7 million). In pre-war 2021, 1693.8 GWh were purchased from abroad for $87.3 million, a three-times lower volume and eight-times lower costs.
Electricity export revenues continued to fall, dropping to $81 million, 8 times less than the amount spent on imports. This is the third year in a row that Ukraine has been reducing its electricity export revenues while considerably increasing a negative trade balance due to the full-scale war and Russia's destruction of Ukrainian energy infrastructure.
As reported by "Ukrainian Energy", in 2024, Ukraine imported a record amount of electricity in 11 years. At the same time, electricity exports last year were minimal over the past decade.
