Debt on the balancing market is approaching UAH 40 billion: the power system is entering the winter with growing financial pressure
20 November 2025 19:05
Debt on the balancing electricity market in Ukraine continues to grow rapidly, "Komersant Ukrainian" reports.
According to the energy publication ExPro, the debt to NPC Ukrenergo as of November 10, 2025 reached UAH 39.9 billion, which is 15% more than at the beginning of the year.
The publication cites data from the system operator, which records a further increase in the financial burden on market participants.
At the same time, Ukrenergo’s debt to the participants of the balancing market is also growing – by 10%, to UAH 18.5 billion. Experts note that this trend has become systemic for the sector and complicates the work of both energy companies and producers of electricity from alternative sources.
Financial pressure goes beyond the corporate level
In November, the owners of home solar power plants in Ivano-Frankivsk protested, demanding payments under the green tariff. They claimed that they were not being paid because of delays in transfers by Ukrenergo, even though they had contracts with a specific trader.
In 2024, the FIT payment rate was 79.6%, and the debt of NPC to Guaranteed Buyer remained at UAH 22 billion. This creates additional challenges for the renewable energy sector, which remains one of the key areas of Ukraine’s energy transformation.
Preparing for winter
Amid financial problems, the government is trying to mitigate the impact of the war and shelling on the energy system. In particular, it has launched a program to support households installing alternative energy generation, and introduced a one-time allowance of UAH 6,500 for the most vulnerable categories.
Projects to strengthen energy resilience are ongoing in the regions. Zaporizhzhia plans to create a network of energy storage systems to strengthen preparedness for the winter peak in consumption and possible attacks on infrastructure.
