New electricity market price caps to be introduced in May - NEURC
Kyiv • UNN
The regulator has set new price caps for electricity market. The changes are being implemented to stabilize the system and attract imports.
The NEURC has set new cap prices in the electricity market, the regulator announced on Thursday, UNN reports.
Details
"On April 23, the NEURC decided to revise the cap prices in the electricity market - in the 'day-ahead' market, intraday and balancing markets," the statement said.
The decision, as noted, was made following open discussions with market participants. Most of the comments and proposals submitted were taken into account and published on the official website of the NEURC, the regulator added.
From May 1, 2026, the following cap prices are set:
- in the day-ahead market and intraday market: maximum — UAH 15,000/MWh, minimum — UAH 10/MWh;
- in the balancing market: maximum — UAH 17,000/MWh, minimum — UAH 0.01/MWh.
"The revision of cap prices should create conditions for stable market operation in conditions of generation deficit, as well as increase the interest of importers in supplying electricity to cover peak demand," the NEURC noted.
The decision was made taking into account the positions of all stakeholders, including NEC "Ukrenergo" and JSC "Market Operator". In conditions of martial law and the constant threat of attacks on energy infrastructure, it is important to ensure stable market operation. An additional factor is the situation on world energy markets, in particular the impact of gas prices. The priority is to balance the energy system and minimize consumer outages, including through additional balancing tools, in particular electricity imports.
For reference
The day-ahead market (DAM) and the intraday market (IDM), as reported in the industry, act as sectors of the new electricity market.
Within the day-ahead market, electricity is bought and sold for the day following the auction day. According to data from open sources, 30-40% of all Ukrainian electricity is traded in this market, while in Europe this figure is 15-25%.
The processes of buying and selling electricity in the intraday market take place continuously after the end of the DAM auction and then for 24 hours of physical electricity consumption.
Balancing market (BM) - a conditional market sector designed to ensure real-time balancing of electricity production (import) and consumption (export) volumes.
The regulator revises cap prices (price caps) not on a fixed schedule, but as needed, depending on the situation in the energy system and the level of deficit.
The last time prices were revised was in January.