July 13 – 19

  • The average hourly electricity price on the day-ahead market (Base DAM index) during July 13–19 decreased to 3,625.3 UAH/MWh (-22.3%);
  • The Verkhovna Rada adopted a law aimed at modernizing centralized heat supply, introducing comprehensive regulation on the large-scale installation and maintenance of individual heat distribution units and expanding the powers of government authorities regarding the development of heating infrastructure. In addition, the law amends the rules for calculating payments under feed-in tariff in the event of RES generation exceeding technical capacity of units and resolves a legislative conflict that had prevented the inclusion in electricity transmission tariff of costs associated with fulfilling public service obligations to support electricity producers under the feed-in tariff.
  • At the final meeting of the outgoing Cabinet of Ministers, the government approved the procedure for using the UAH 40 billion allocated in the state budget for preparations for the heating season as part of the Energy Resilience Plans implementation. The document outlines the mechanism for financing and selecting projects aimed at protecting critical infrastructure, developing distributed generation, and ensuring uninterrupted heat, water,
    and gas supplies.
  • The Ukrainian Energy Exchange hosted the first long-term specialized auctions for the sale of electricity to be delivered in August–September 2026, during which the state-owned enterprises ‘Energoatom’ and ‘Ukrhydroenergo’ sold the entire offered volume of 92.2 GWh; 42 companies participated in the auctions.
  • LLC “Gas Transmission System Operator of Ukraine” announced a competition for the position of CEO, setting requirements for candidates regarding management experience, independence, and knowledge of the energy sector; the application period will last until July 27, 2026.
  • The Naftogaz Group completed the restructuring of its Eurobonds worth EUR 600 million and USD 500 million, extending their maturity dates to 2032–2033, raising the coupon rate to 8.95% and partially capitalizing accrued interest in accordance with the terms agreed upon with creditors.
  • Following the appointment of Naftogaz Board Chairman Serhiy Koretsky as Prime Minister, Serhiy Fedorenko, a member of the board and commercial director of Naftogaz, became the company’s acting chairman.
  • Naftogaz and the U.S. company Argent LNG signed an agreement to explore the possibility of long-term supplies of U.S. LNG to Ukraine and other countries in Central, Eastern, and Southern Europe via European LNG terminals, with the potential use of Ukrainian underground gas storage facilities.

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