In August, Ukraine became the leader in electricity prices in Europe, surpassing 26 countries, including Italy, which was in first place 10 times. In the day-ahead market, Ukraine often leads the rating according to the BASE price index, in particular, 16 times in August, 5 times in July, 6 times in June and 11 times in May.
In August, Ukraine became the leader in electricity prices in Europe. The growth in electricity prices continues for the second month in a row.
How does Ukraine lead the electricity market?
Ukraine was in first place in the electricity market 16 times compared to 26 European countries in terms of the average daily BASE price index “day-ahead” (DAI), reports 24 Channel with reference to Interfax-Ukraine.
According to ENTSOE, Ukraine was the leader in terms of electricity prices on August 2-4, 6, 8-11, 13-14, 17-19, 29-31. It even overtook Italy in this indicator, which reached first place 10 times – on August 1, 5, 7, 12, 15-16, 23-25, 27.
At the end of last month (August 31), the highest indicator among European countries was the “day-ahead” electricity base load index BASE in Ukraine, which amounted to 5,101.38 hryvnias per megawatt-hour.
The lowest level was recorded in France, where it amounted to 908.55 hryvnias per megawatt-hour. The price index of the base load electricity BASE on the Ukrainian DAM continues the dynamics of price growth for the second month in a row, the publication notes.
According to the BASE price index, Ukraine was among the leaders among 27 European countries on the DAM:
in July – 5 times;
in June – 6 times;
in May 11 times;
in April – 5 times.
What is known about the DAM?
The DAM is the “day-ahead market”. This is a market segment where electricity is bought and sold the next day. Suppliers and buyers agree on how much electricity and at what price will be supplied tomorrow. This allows you to balance supply and demand so that there are no overloads and outages.
Electricity prices in Ukraine: what is known?
Despite high prices on the spot market, electricity prices for household consumers in Ukraine will remain unchanged in 2025. The population pays for electricity at a rate of 4.32 hryvnias per kilowatt-hour.
However, since September 1, electricity distribution tariffs have already increased for a number of suppliers, for some regional energy companies the increase was over 20%. Electricity distribution operators in Rivne, Kirovohrad and Khmelnytskyi regions have suffered the most.
At the same time, at the end of July, the National Energy Regulatory Commission of Ukraine increased the maximum electricity prices in the electricity market for the evening hours – from 5:00 p.m. to 11:00 p.m. This decision was made to increase electricity supplies from the European Union. It did not affect the population, but other market participants have to pay more.
