17.09.2025
In recent weeks, we have witnessed an unprecedented crisis in the electricity market. The price collapse caused billion-dollar losses to independent suppliers and jeopardized winter preparations. This situation, like litmus paper, revealed another, deeper and more systemic disease of our market—the critical absence of transparency.
The problem is not new. Since the beginning of the full-scale invasion, the publication of key data on the energy system’s operation—generation volumes, supply and demand balance—was suspended for security reasons. This was a forced step that the market understood to some extent. But later, the temporary solution became the norm. And at the end of 2024, despite all expectations, the cessation of data publication was essentially officially enshrined.
As a result, the market operates “blindly.” Suppliers are forced to plan purchases and form prices for consumers without basic guidelines. It’s like navigating a ship in a storm without navigational instruments. The result is predictable: financial losses, defaults, and, as a consequence of the recent crisis, total destruction of trust in long-term contracts.
This problem has been repeatedly pointed out not only by us but also by European partners. The Energy Community Secretariat in its official assessment clearly stated: concealing market information contradicts the REMIT Regulation and Ukraine’s European commitments. This creates risks of insider trading and kills the investment attractiveness of the sector.
Ignoring this problem further is impossible. There is no trust without transparency, and there is no market without trust.
That’s why we must move from behind-the-scenes conversations to action. Next Thursday at 12:00 PM, Energy Club will hold an online meeting on the topic: “The ‘Blind’ Market: Why the Lack of Open Data Threatens Ukraine’s Energy Security?”
We will bring together market participants, experts, and government representatives to discuss:
This will be a frank conversation aimed at formulating a common market position and proposing a concrete action plan to the authorities. Returning to transparency is not someone’s whim, but a condition for the survival and development of a competitive energy market in Ukraine.
I invite all concerned parties to join this critically important discussion.
Ринок «наосліп»: Чому відсутність відкритих даних загрожує енергетичній безпеці України?
