The average price of electricity on Ukraine’s day-ahead market has hit a yearly low of 4,816 UAH per MWh. This represents a significant decrease of 35% compared to the previous day, marking the lowest price level since December 26, 2026.
According to Serhiy Koval, a senior electricity market analyst at ExPro, several factors have contributed to this price drop beyond seasonal trends. He noted that despite the usual seasonal fluctuations, there are additional influences at play.
Koval explained that one key factor is the unutilized capacity from “Energoatom,” with nearly 1 GW of power remaining unsold for the first ten days of the month. Furthermore, favorable weather conditions have enhanced solar energy generation, leading to the lowest daytime prices seen in the past four months.
Additionally, it is important to note that price caps on short-term electricity market segments have been established by the regulator until March 31. These caps set the upper limit for price bids on the day-ahead market and the intraday market, although actual prices are ultimately determined by the balance of supply and demand.
Electricity prices in Ukraine have reached a yearly low due to a combination of seasonal trends and specific market factors, including unutilized capacity and favorable weather for solar energy generation. Regulatory price caps remain in effect until the end of March, influencing market dynamics.