Electricity prices in Ukraine 2022
In 2022, the average wholesale day-ahead electricity price in Ukraine was ₴ 2.1 /kWh. Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2022
| Month | UAH/MWh | UAH/kWh | MW |
|---|---|---|---|
| January 2022 | ₴ 2,375 | ₴ 2.4 | 10,075 |
| February 2022 | ₴ 2,021 | ₴ 2.0 | 10,048 |
| December 2022 | ₴ 2,017 | ₴ 2.0 | — |
Ukraine's electricity grid has been under sustained Russian missile and drone attack since October 2022, with peak damage destroying ~50% of generation capacity by early 2024. Ukrenergo, the national TSO, operates the synchronously-with-EU UA-BEI (Burshtyn Energy Island) and UA-IPS (the rest of the country) bidding zones, both linked to the Continental European grid since March 2022 — an emergency desynchronization from the Russian system completed in days rather than the planned years. Nuclear from the four operational reactors at Khmelnytskyi, Rivne and South Ukraine still provides ~50% of pre-war generation; the Zaporizhzhia plant — Europe's largest, with six 1 000 MW VVER reactors — has been Russian-occupied since March 2022 with all six units in cold or hot shutdown.
Coal and hydro round out the mix. International donors funded over $1.5 billion in distributed-solar, battery and gas-engine deployment during 2024 to maintain winter supply.