The National Commission of Ukraine for Energy and Housing and Utilities Services Regulation (NCER) has approved the increase in retail tariffs for energy supply companies for December 2014.

The corresponding decision is stipulated in NCER decree No. 380 of November 25, 2014.

According to the document, retail tariffs for first class consumers in the next month will total 103.21 kopecks per kWh (excluding VAT), for second class consumers – 125.82 kopecks per kWh (excluding VAT).

Thus, the tariffs will grow by 6.5% for first class consumers and by 2% for second class consumers compared to November tariffs.

As reported, in 2013 retail rates increased by 9.1%.

The National Commission for Energy and Housing and Utilities Services Regulation regulates the activity of monopoly entities in the fields of energy, heating supply, central water supply and drainage, oil and gas industries, solid waste treatment, and implements state price and tariff setting policies in these spheres.