Record electricity prices in Ukraine: why they exceed European ones
In Ukraine, electricity prices on the Day-Ahead Market (DAM) have reached record levels, surpassing average European indicators, putting Ukrainian industry in a difficult situation. In November 2025, the weighted average electricity price on the DAM was 6830.49 UAH/MWh. This figure is one-third higher than the electricity price in Poland and 1.2 times more than in Hungary. Last year, the average price in Ukraine was €109.5/MWh, while the average electricity price across Europe was €82.02/MWh.
Capacity restrictions, which began on November 8, 2025, have become round-the-clock. This further complicates the situation for consumers and industry. The deterioration of the situation with energy resources occurred due to strikes by the Russian Federation on Ukraine's energy system in October-November 2025. At the same time, the German government plans to introduce a fixed electricity price of €50/MWh starting in 2026 for three years, which could affect the competitiveness of the Ukrainian market.
The impact of record prices on the economy
Additionally, it is proposed to increase the electricity transmission tariff from 686.23 to 785.39 UAH/MWh (+14%) and the dispatch management tariff from 98.97 to 110.03 UAH/MWh (+11%). These changes may further exacerbate the situation for consumers who are already facing high electricity prices. Thus, record electricity prices in Ukraine pose serious challenges for the national economy and industry.
High electricity prices in Ukraine could significantly impact the competitiveness of Ukrainian companies in the international market, as rising costs for energy resources may lead to increased prices for end products. In conditions where European countries are implementing support systems to reduce electricity prices, Ukraine needs to find ways to adapt and stabilize the energy market to avoid further declines in economic activity.