The Ukrainian Ministry of Energy and the newly appointed Supervisory Board of NEC “Ukrenergo” convened to discuss measures aimed at stabilizing the balancing market and enhancing the financial resilience of the company.
During the meeting, officials identified key areas of focus related to ensuring the stable operation of the energy system amid ongoing conflict, as well as addressing financial challenges within the electricity market.
Prime Minister Denys Shmyhal stated, “We have outlined priority steps to improve the company’s operational efficiency, stabilize the balancing market, and invest in long-term projects for the upcoming autumn and winter periods.”
Shmyhal emphasized that strengthening the financial stability of “Ukrenergo” remains a critical task. The government plans to seek support from international financial organizations, including the European Bank for Reconstruction and Development (EBRD) and the U.S. International Development Finance Corporation (DFC).
In related developments, the National Commission for State Regulation of Energy and Public Utilities (NERC) recently increased price caps in the short-term segments of the market in January 2026. Industry analysts noted that this decision facilitated expanded import capacity and increased electricity imports from Europe during periods of shortage caused by damage to energy infrastructure from Russian attacks.
However, the January decision to raise price caps was intended as a temporary measure, and according to NERC regulations, these caps are set to revert to previous levels by March 31.
Energy market expert Volodymyr Halushchak warned that lowering price caps could directly affect import volumes and pose additional risks to the energy system during shortages.
Previously, Oleksandr Kharchenko, director of the Energy Research Center, identified systemic non-payments from protected consumers—who cannot be disconnected from electricity supply—as a primary cause of accumulating debts in the balancing market.
The Ukrainian government is taking steps to stabilize the electricity market and enhance the financial stability of NEC 'Ukrenergo' amid ongoing conflict. Key measures include seeking international support and addressing financial challenges linked to market operations.