The National Commission has sharply raised the cap on electricity prices for businesses
The National Commission for State Regulation of Energy and Public Utilities (NEURC) has decided to raise the price caps on the wholesale electricity market.
This was reported by the NEURC press service.
The new price caps will take effect on May 1, 2026, which is expected to help attract imports and cover the country’s generation shortfall.
The review of price caps took place during the regulator’s meeting on Thursday, April 23.
The main goal of this step is to create appropriate conditions for the stable functioning of the market amid constant threats to energy infrastructure and an acute shortage of domestic capacity.
According to an official statement from the agency, “the revision of price caps is intended to create conditions for stable market operation amid a generation deficit, as well as to increase importers’ interest in supplying electricity to cover peak demand.”
This will ensure the system’s flexibility during periods of high demand.
Under the approved changes, a maximum price of 15,000 UAH per MWh has been set for the “day-ahead” and intraday markets.
The minimum price for these segments is set at 10 UAH per MWh, providing a wide range for market-based pricing.
In the balancing market, which is responsible for instantly resolving imbalances between supply and demand, the price cap will rise to 17,000 UAH per MWh.
The minimum price floor in this market is set at a technical level of 0.01 UAH per MWh to ensure uninterrupted settlements.
NEURC Chairman Yuriy Vlasenko emphasized that under martial law, the priority remains balancing the power system and minimizing outages.
“The priority is balancing the power grid and minimizing consumer outages, including through additional balancing tools, such as electricity imports,” the regulator’s head stated.
Renewable energy surpassed coal for the first time in the world
According to preliminary results for 2025, renewable energy generated about 34% of all electricity in Belgium, nearly matching nuclear power plants. This is a record figure resulting from the growth of solar generation and an increase in installed capacity.
One of the largest Western oil companies, Exxon Mobil, published a forecast stating that demand for crude oil will remain above 100 million barrels per day in 2050, roughly at today’s level.
