The NEURC has raised the maximum electricity prices for businesses

The new price caps will take effect on May 1

The National Commission for Energy and Public Utilities Regulation (NEURC) has raised the price caps for the day-ahead market (DAM), the intraday market (IDM), and the balancing market, effective May 1. This was announced in a statement by the regulator.

The relevant resolution was approved at the regulator’s meeting on April 23 and will take effect on April 30 of this year.

Thus, starting May 1, the price caps on the DPM and IDM will be:

• maximum price cap – 15,000 UAH/MWh (for all hours),
• minimum price cap – 10.00 UAH/MWh (for all hours).

In the balancing market, the maximum price cap will be 17,000 UAH/MWh for all hours, and the minimum price cap will be 0.01 UAH/MWh for all hours.

As noted in the regulator’s statement, the revision of price caps is intended to create conditions for stable market operation amid a generation shortage, as well as to increase importers’ interest in supplying electricity to meet peak demand.

The NEURC cited the situation on global energy markets, particularly the impact of gas prices, as an additional factor putting pressure on market stability.

As a reminder, electricity prices in Europe rose in March due to a sharp increase in gas prices, and markets were characterized by imbalances caused by the dominance of different types of generation during this period.  Against the backdrop of the new energy crisis, the European Commission announced a series of response measures. The price of day-ahead electricity in Ukraine last month was €145.1/MWh.