Ukraine

Electricity tariffs to rise in Ukraine: who will be affected by the increase

On October 1, the National Commission for State Regulation of Energy and Utilities (NKREKP) began the procedure for revising the limit prices for electricity for the day-ahead, intraday and balancing markets. These changes apply only to enterprises.

As reported press office NKREKP, this decision will not affect the fixed prices for the population, which remain unchanged.

According to the regulator, the procedure involves holding open discussions, where all electricity market participants will have the opportunity to express their suggestions and comments. The revision of prices on the electricity market is due to the need to create conditions for the commercial import of electricity from European countries to cover a possible power deficit in the autumn-winter period during possible attacks on the power system.

New marginal tariffs

It is planned that the new tariffs will enter into force on October 31, 2024. The following maximum limit prices are established:

For the day-ahead market and the intraday market:

  • From 00:00 to 07:00 – UAH 5,600/MWh
  • From 07:00 to 17:00 and from 23:00 to 24:00 – UAH 6,900/MWh
  • From 17:00 to 23:00 – UAH 9,000/MWh

The minimum marginal price is UAH 10/MWh

For a balancing market:

  • From 00:00 to 07:00 – UAH 6,600/MWh
  • From 07:00 to 17:00 and from 23:00 to 24:00 – UAH 8,250/MWh
  • From 17:00 to 23:00 – 10,000 UAH/MWh

The minimum marginal price is UAH 0.01/MWh

The maximum marginal prices on the “day-ahead” market will increase from 11:00 a.m. to 5:00 p.m. from UAH 5,600 to UAH 6,900/MWh.

Tariffs for the population

Electricity prices for the population are regulated by the Cabinet of Ministers. Over the past two years, they have increased significantly: from June 1, 2023, the tariff for the population increased from UAH 1.68/kWh to UAH 2.64/kWh, and from June 1, 2024, it increased to UAH 4.32/kW – hours

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