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Preferential electricity rate for charging electric cars in Belarus as from 1 May

Economy 27.04.2018 | 13:30

MINSK, 27 April (BelTA) – For the first time ever the Belarusian national electric company Belenergo has offered a preferential price for electricity used to charge electric cars, the press service of the Belarusian Antimonopoly Regulation and Trade Ministry told BelTA.

The preferential rate will be available as from 1 May. It will be as low as Br0.15693 (without VAT) per 1kWh, 48% down from the general electricity rate paid by Belarusian companies operating in the sphere of services.

The new rate is supposed to further encourage the development of the electric cars market, which has a lot of promise and grows rapidly. The decision to offer lower electricity rates is meant to stimulate the consumption of electricity by electric cars. As a result, more electricity generated by Belarusian power plants, including the nuclear power plant, will be consumed and less oil products made of imported oil will be used.

Since the electricity rate will be applicable to corporations and self-employed businessmen, who offer charging electric cars as a service, the rate will be adjusted bearing in mind changes of the Belarusian ruble's exchange rate against the U.S. dollar.

Deciding on how much electricity for electric cars should cost, the Antimonopoly Regulation and Trade Ministry kept in mind the need to cover the prime cost of electricity generation and give a minimal profit to electric companies for the purpose of expanded reproduction.

The preferential electricity rate for corporations and self-employed businessmen is close to the electricity rate Belarusian households pay if they have to fully cover the economically justified cost of electricity generation. This is why Belarusian citizens can either charge their electric cars at home or use charging stations of corporations and self-employed businessmen on comparable terms.

The Antimonopoly Regulation and Trade Ministry reminded that the government will regulate only the preferential electricity rate while commercial entities may add a profit margin on top of it bearing in mind the market situation and the costs associated with providing electric car charging as a service.

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