After Russia invaded Ukraine on 24 February, electricity demand in Ukraine plummeted dramatically and has continued to decline as the war has raged. Main facts: Ukraine''s electricity demand has fallen by about 40% since Russia''s invasion with no sign of recovery. Demand keeps decreasing slowly every week.
State entities dominate oil, gas and electricity provision in Ukraine. The energy market has been designed to maintain state dominance and to subsidise household and public sector energy consumption.
Since 2022, Russian targeting of Ukraine''s power infrastructure has sought to destabilise the electricity system by disabling large coal and gas-fired generation units and key parts of the transmission network. Prior to Russia''s full-scale invasion in 2022, nuclear power generated half of the country''s electricity, followed by coal-fired
DAM INDEX CHART (Ukraine and neighbor countries) BASE PEAK OFFPEAK. 1 Prices are without VAT by CET/CEST time zone 2 Information from sites used: hupx.hu,, newtransparency.entsoe ,, 3 Chart is interactive 4 Prices Nominated Electricity Market Operators
Ukrainian authorities took number of decisions to secure the electricity a and gas supply ahead of the winter season 2023/2024. Although some measure may be considered as a positive step (e.g. increased price caps on electricity market), some decisions raise concerns in terms of compliance with the Energy Community acquis.
State entities dominate oil, gas and electricity provision in Ukraine. The
Since 2022, Russian targeting of Ukraine''s power infrastructure has sought to
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In an effort to streamline and consolidate its monitoring functions under the Energy Community Treaty with regard to Ukraine, the Energy Community’s largest member currently suffering from a war of aggression by the Russian Federation, the Secretariat created the Ukraine Energy Market Observatory. The Observatory will closely follow and review all developments related to the energy market and corporate governance in Ukraine. In full respect of confidentiality requirements, the assessments will be published and made available to domestic and international stakeholders involved. This will support the further integration of the Ukrainian energy sector with Europe and help building trust in a predictable and transparent governance in line with European practices.
In performing its tasks, the Ukraine Energy Market Observatory relies on all available sources of information. All stakeholders are invited to contribute to the reporting by submitting information to the Secretariat. Full confidentiality of your submission is ensured by the Energy Community Secretariat.
This will also benefit Ukraine’s full integration in the European energy markets and systems, and facilitate the country’s path towards full EU accession.
The Ukraine Energy Market Observatory will be established within the Secretariat under the coordination of the Director and Deputy Director. It will not require new resources but focus the activities by the Secretariat, with the full involvement of its Kyiv office, on
Review of the regulatory framework that determines conditions for electricity imports from the European Union (EU) to Ukraine, identify barriers to electricity imports and provide recommendations for increasing electricity imports ahead of the winter season.
Assessment of the amendments to the regulatory framework regarding the auctions for the allocation of quotas for support to production of energy from renewable sources (“RES support”).
Assessment of the draft Law of Ukraine “On the amendments to some legislative acts of Ukraine regarding the development of electronic trade of alternative fuels” registered on 19 September 2022 (the “draft Law 8052”).
Assessment of the “Procedure (methodology) determining the amount of penalties imposed by the National Energy and Utilities Regulatory Commission” adopted according to the Law of Ukraine “On Amendments to some laws of Ukraine regarding the prevention of abuse in the wholesale energy markets” of June 10, 2023 No. 3141-IX.
Assessment of the Procedure for issuance, circulation, and cancellation of guarantees of origin of electrical energy produced from renewable energy source adopted by the Resolution of the Cabinet of Ministers of Ukraine No. 227 “On the introduction of guarantees of origin of electricity produced from renewable energy sources” of 27 February 2024.
Assessment of compliance of the Law of Ukraine No 3220-IX dated 30 June 2023 “On making changes to some laws of Ukraine regarding restoration and “green” transformation of the power system of Ukraine” with the Energy Community acquis.
Assessment of the Procedure for registration of wholesale energy market participants, approved by the Resolution of the National Energy and Utilities Regulatory Commission No. 1812 of 04 October 2023 according to the Law of Ukraine “On Amendments to some laws of Ukraine regarding the prevention of abuse in the wholesale energy markets” (hereinafter - the “REMIT Law”).
Assessment of draft amendments to Resolution of the National Energy and Utilities Regulatory Commission on marginal prices in the day-ahead market, intraday market and balancing market (No 2099 of 9 November 2023) as to cancelling price caps in the DAM and IDM.
Electricity is an important part of energy in Ukraine. Most electricity generation is nuclear.[3] The bulk of Energoatom output is sold to the government''s "guaranteed buyer" to keep prices more stable for domestic customers.[4][5] Zaporizhzhia is the largest nuclear power plant in Europe. Until the 2010s all of Ukraine''s nuclear fuel came from Russia, but now most does not.[6]
Electricity production fell from 296 TWh in 1991 to 171 TWh in 1999, then increased slowly to 195 TWh in 2007, before falling again.[12] In 2014, consumption was 134 TWh after transmission losses of 20 TWh, with peak demand at about 28 GWe. 8 TWh was exported to Europe. In 2015 electricity production fell to about 146 TWh largely due to a fall in anthracite coal supplies caused by the War in Donbass.[13][14]
In July 2019, a new wholesale energy market was launched, intended to bring real competition in the generation market and help future integration with Europe. The change was a prerequisite for receiving European Union assistance. It led to in increased price for industrial consumers of between 14% and 28% during July. The bulk of Energoatom output is sold to the government''s "guaranteed buyer" to keep prices more stable for domestic customers.[4][5]
About Ukraine electricity market
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