Electricity Market Shifts to Surplus as Supply Reaches 130,000 MWh.

Increased Supply on the Electricity Market

According to TSN.ua: From February 10, the electricity market has seen a significant rise in supply, which reached 130,000 MWh by February 11. This represents a 20% increase compared to the previous day. Meanwhile, electricity demand fell to 117,000 MWh. These shifts indicate the market has moved into a surplus condition, where supply exceeds demand.

The introduction of additional generating capacity and the lifting of technical restrictions were key factors driving the supply growth. Specifically, limitations were removed from several nuclear power plant units, which contributed to increased electricity production. This development is notable for a market that has previously faced challenges with generation capacity.

Impact of Regulatory Changes

Furthermore, the National Commission for State Regulation of Energy and Public Utilities (NEURC) raised price caps on short-term market segments, effective from January 17, 2026. This regulatory decision could influence the future dynamics of both electricity supply and demand.

The growing electricity supply in a context of falling demand suggests a shift in the balance between production and consumption. Against the backdrop of lifted restrictions on nuclear plants, the market is becoming more stable, which could positively impact the country's energy security. On the other hand, the NEURC's increase in price caps may lead to changes in market participant behavior and affect electricity prices in the short term.