According to the results of the first nine months of 2026, the Ukrainian electricity market demonstrated record financial performance for generation companies and traders: revenue on the day-ahead market (DAM) rose by 44%, reaching UAH 167 billion. However, behind the facade of commercial triumph and the September price drop lies a collapse in consumption by metallurgy and mining and processing plants. Ukraine has consolidated its position as the fourth most expensive electricity market in Europe, posing an immediate threat of irreversible economic deindustrialization.
The intensified withdrawal of gas from Ukrainian underground storage facilities brings the issue of a level playing field back to the forefront. If the state takes steps toward opening exports, it must guarantee transparent conditions for every market player — free of preferences for the chosen few and with a clear priority on national energy security.
Cautious signals are increasingly emerging from the market regarding the potential resumption of natural gas exports. Let us examine what this could mean for gas producers and what framework the government is proposing in response.
Ukraine is actively developing new generation, energy storage systems, and hybrid energy solutions. At the same time, the implementation of such projects takes place under conditions where modern technologies must be integrated into an infrastructure, a significant part of which was created decades ago.