January 19 – 25

  • On the nights of January 20 and 24, Russia carried out its fifth and sixth massive attacks on Ukraine’s energy system since the beginning of the year, using 714 UAVs and 55 missiles. Air defense forces destroyed 93% of the targets. Significant damage to power generation and networks was recorded.
  • Since October 2025, approximately 8.5 GW of generating capacity has been damaged as a result of Russian strikes, according to Minister of Economy, Environment, and Agriculture Oleksii Sobolev.
  • The government allocated UAH 2.56 billion from the state budget to the Recovery Agency for the purchase of mobile heat and power generation equipment for communities, allowing purchases to be made without open tender and with an advance payment of up to 60% due to the urgency of the situation.
  • The Cabinet of Ministers also announced the launch of a mechanism that will allow enterprises to use the 5-7-9% program to obtain loans for the purchase of generators and batteries at 0% per annum for up to 3 years in the amount of up to UAH 10 million.
  • There were no commercial exports of electricity from Ukraine. Imports increased by 33.7% to 229.4 GWh.
  • The average hourly price of electricity on the day-ahead market for January 19-25 showed a significant increase to 10,709.9 UAH/MWh (+39.6%).
  • The regulator amended the procedure for temporary connection of electrical installations during martial law in order to speed up access to the grid for generating facilities. In particular, the connection of modular boiler rooms without a separate connection service is permitted, and until October 1, 2026, the requirements for commercial metering for type C and D gas engine and gas turbine installations have been simplified.
  • The gas import needs for the 2025/2026 heating season are 4 billion cubic meters, with the majority of this volume already purchased by Naftogaz, delivered to Ukraine, and used by consumers, according to the Ministry of Economy.
  • Against the backdrop of intensified Russian attacks on critical infrastructure, a number of countries and organizations announced or provided additional support to Ukraine’s energy sector during the reporting week.
  • On January 20, at the WEF in Davos, Horizon Capital announced the initial closing of the Horizon Capital Catalyst Fund for the reconstruction of Ukraine with EUR 152 million already raised and the first investment in a 124 MW wind farm in the Odesa region, while at the same time, the first round of investments in the Amber Dragon Ukraine Infrastructure Fund I was closed with a volume of EUR 350 million, which will soon begin investing in strategic infrastructure, particularly energy.
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