Electricity prices in Ukraine 2023
In 2023, the average wholesale day-ahead electricity price in Ukraine was ₴ 3.4 /kWh (▲52% vs 2022). Below is the month-by-month breakdown plus a chart of how prices moved through the year.
Monthly breakdown — 2023
| Month | UAH/MWh | UAH/kWh | MW |
|---|---|---|---|
| January 2023 | ₴ 2,821 | ₴ 2.8 | — |
| February 2023 | ₴ 3,003 | ₴ 3.0 | — |
| March 2023 | ₴ 3,039 | ₴ 3.0 | — |
| April 2023 | ₴ 2,816 | ₴ 2.8 | — |
| May 2023 | ₴ 3,046 | ₴ 3.0 | — |
| June 2023 | ₴ 3,029 | ₴ 3.0 | — |
| July 2023 | ₴ 3,445 | ₴ 3.4 | — |
| August 2023 | ₴ 3,860 | ₴ 3.9 | — |
| September 2023 | ₴ 3,798 | ₴ 3.8 | — |
| October 2023 | ₴ 3,784 | ₴ 3.8 | — |
| November 2023 | ₴ 4,158 | ₴ 4.2 | — |
| December 2023 | ₴ 3,736 | ₴ 3.7 | — |
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.