The Ukrainian energy market has accumulated approximately 200 billion hryvnia in debt, according to an expert
16 May 22:15
The problem of debt in the electricity market is the result of years of ad-hoc decisions and ill-conceived regulation. According to RBC-Ukraine, this was stated by Ivan Plachkov, who served as Ukraine’s Minister of Energy in 1999 and 2005–2006 and is now president of the All-Ukrainian Energy Assembly, as reported by "Komersant Ukrainian".
According to him, the total amount of debt in the energy market today has already reached about 200 billion hryvnia, and a significant portion of the problems arose due to PSO mechanisms and financial imbalances in the market.
“How much debt is there in the electricity market? About 200 billion, right? If there is one debt, Ukrenergo has to pay for the market and so on. I think there are about 150 such net debts,” Plachkov noted.
He emphasized that some decisions in the sector were made without proper economic justification, which ultimately created significant financial pressure on the power system.
Debts in Ukraine’s energy market
Earlier, Vitaliy Zaychenko, chairman of the board of NEC “Ukrenergo,” stated that as of today, the debt of balancing market participants to “Ukrenergo” has already exceeded 46 billion hryvnias, which is one of the highest figures since the market’s inception.
As a reminder, in 2025, debt in the balancing market to Ukrenergo grew by 21%—to a record 42 billion hryvnias. In addition, Ukrenergo’s own debt to balancing market participants increased significantly over the year, by 36%—to 22.9 billion hryvnias.
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