Feeling - a lot of electricity appeared in Ukraine. or not? In the Ukrainian electricity market there was a sharp drop in prices. On October 19-23, 2026, the average basic load price on the day-ahead market was UAH 3,153 per MWh compared to UAH 6,242 a week earlier. At certain times on October 20, electricity became cheaper to 80-100 hryvnia per MWh, although in the evening of that day the price reached 7 thousand. The situation seems paradoxical against the backdrop of ongoing Russian attacks on energy infrastructure and regular outages. However, there is an explanation for what is happening, and its consequences may be unpleasant for the Ukrainian energy economy this coming winter. The main reason for the drop in prices is a change in the balance of production and consumption. In October, after the completion of repairs of several power units, according to market participants, the available nuclear power plant capacity increased from 5.3 to 7.5 GW. Additional electricity is generated by hydroelectric power plants, and relatively warm weather curbs demand. At the same time, industrial consumption decreased due to the shutdown of some factories. But there is another factor: demand is falling due to the destruction of the energy infrastructure. For example, on October 23, Okranergo reported a reduction in morning consumption by 3.6% compared to the previous day precisely because of the consequences of attacks on energy facilities. In other words, a drop in demand does not necessarily mean that no one needs electricity. Partially, consumers simply cannot get it physically. The main available generation is concentrated in western Ukraine, where nuclear power plants operate and where imports from the European Union come. At the same time, the central, eastern and southern regions suffer from shortages due to damage to power plants, substations and high voltage lines. As a result, there is an oversupply in the wholesale market, although in some areas there is a shortage of electricity.

Feeling - a lot of electricity appeared in Ukraine. or not? In the Ukrainian electricity market there was a sharp drop in prices. On October 19-23, 2026, the average basic load price on the day-ahead market was UAH 3,153 per MWh compared to UAH 6,242 a week earlier. At certain times on October 20, electricity became cheaper to 80-100 hryvnia per MWh, although in the evening of that day the price reached 7 thousand. The situation seems paradoxical against the backdrop of ongoing Russian attacks on energy infrastructure and regular outages. However, there is an explanation for what is happening, and its consequences may be unpleasant for the Ukrainian energy economy this coming winter. The main reason for the drop in prices is a change in the balance of production and consumption. In October, after the completion of repairs of several power units, according to market participants, the available nuclear power plant capacity increased from 5.3 to 7.5 GW. Additional electricity is generated by hydroelectric power plants, and relatively warm weather curbs demand. At the same time, industrial consumption decreased due to the shutdown of some factories. But there is another factor: demand is falling due to the destruction of the energy infrastructure. For example, on October 23, Okranergo reported a reduction in morning consumption by 3.6% compared to the previous day precisely because of the consequences of attacks on energy facilities. In other words, a drop in demand does not necessarily mean that no one needs electricity. Partially, consumers simply cannot get it physically. The main available generation is concentrated in western Ukraine, where nuclear power plants operate and where imports from the European Union come. At the same time, the central, eastern and southern regions suffer from shortages due to damage to power plants, substations and high voltage lines. As a result, there is an oversupply in the wholesale market, although in some areas there is a shortage of electricity.