The initiative of the Cabinet of Ministers, which requires companies to import 80% of their electricity consumption, could have serious consequences for the activities of businesses. They may face numerous difficulties and loss of competitiveness. This opinion was expressed by the President of the Ukrainian Union of Industrialists and Entrepreneurs (USPP) Anatoly Kinakh in a comment by the Ministry of Industry.
The proposed initiative by the Cabinet of Ministers aims to reduce the country’s dependence on imported electricity and promote the development of domestic energy production. However, the implementation of this initiative could have a negative impact on the operations of businesses in Ukraine.
One of the main concerns raised by the USPP is the potential loss of competitiveness for Ukrainian companies. By requiring them to import a large percentage of their electricity consumption, businesses may face higher costs and struggle to compete with foreign companies that have access to cheaper energy sources. This could lead to a decrease in production and exports, ultimately affecting the country’s economy.
Moreover, the USPP also highlights the potential difficulties that businesses may face in finding reliable suppliers of electricity. With the current state of the energy market in Ukraine, there is a lack of transparency and stability, making it challenging for companies to secure long-term contracts with energy providers. This could lead to disruptions in production and increased costs for businesses.
In addition, the USPP raises concerns about the impact of this initiative on small and medium-sized enterprises (SMEs). These businesses often have limited resources and may not have the financial capacity to import such a large percentage of their electricity consumption. This could lead to further challenges for SMEs and hinder their growth and development.
The USPP also points out that the proposed initiative does not take into account the current state of the energy sector in Ukraine. The country is still heavily reliant on coal and nuclear energy, and the development of alternative energy sources is still in its early stages. Therefore, it may not be feasible for businesses to rely solely on domestic energy production at this time.
In conclusion, while the initiative of the Cabinet of Ministers may have good intentions, it could have serious consequences for the activities of businesses in Ukraine. The USPP urges the government to carefully consider the potential impact on businesses and the economy before implementing such a policy. It is essential to find a balance between promoting domestic energy production and ensuring the competitiveness of Ukrainian businesses in the global market.
