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NEW LEGISLATION

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RECOVERY AND INTERNATIONAL ASSISTANCE

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We are delighted to invite you to official URC 2026 side event hosted by IMPACTA LAW, Clyde & Co and Marsh on 24 June in Gdansk.

This session will bring together representatives from across the finance, insurance, and energy sector as well as speakers from NPC Ukrenergo, EBRD, IFC, NOTUS Energy, Horizon Capital, Dragon Capital, EIFO.

The discussion will focus on risk allocation, insurance constraints, and financing approaches required to turn recovery ambitions into bankable, executable investments.

Click here for details and registration 

NEW LEGISLATION

Law No. 4834-IX Paves the Way for Integration of Ukraine’s Electricity Market with the EU

On 24 April 2026, Law of Ukraine No. 4834-IX entered into force, establishing the legal framework for the gradual integration of Ukraine’s day-ahead market ("DAM") and intraday market ("IDM") with the bidding zones of the European Union ("EU") and the Energy Community.

Further details on the key changes and their practical implications for market participants are available in our update via this link 

    Rules Updated for Power Generation Tenders 

    The Cabinet of Ministers of Ukraine ("CMU") has updated the procedure for holding tenders for the construction of generation capacity and the implementation of demand response measures. The relevant amendments were approved by CMU Resolution No. 436 dated 1 April 2026.

    The amendments are aimed at aligning the tender procedure with the updated provisions of the Law of Ukraine "On the Electricity Market". In particular, the mechanism for holding tenders for the construction of new generation capacity, the reconstruction or modernisation of existing generation facilities, and the implementation of demand response measures has been clarified. The key changes include the possibility of creating separate regional lots, as well as updated requirements for tender documentation, bid security and performance security for contractual obligations.

    In accordance with the amendments to the terms of the second stage of the tender, the regional lot for Dnipropetrovsk Oblast has been increased by an additional 183 MW. As a result, the total new generation capacity to be tendered amounts to 1,505 MW.

    Taking into account the updated terms, the tender provides for the construction of new generation capacity in the following volumes:

    250 MW – for Kyiv and Cherkasy Oblasts;
    872 MW – for Sumy, Kharkiv and Poltava Oblasts;
    283 MW – for Dnipropetrovsk Oblast;
    100 MW – for Odesa Oblast.

    Tender participants will be eligible for a support mechanism in the form of a payment for ensuring the development of generation capacity of up to EUR 27.92 cents/kWh for five years after the facility is commissioned. Support will be provided through a market premium mechanism where the electricity price during morning and evening peak hours is lower than the price determined following the tender.

    Government Sets Renewable Energy Support Quotas for 2026 and Outlook to 2030 

    The CMU, by Resolution No. 298-r dated April 1, 2026, has defined the parameters for renewable energy support auctions for 2026 and updated indicative quotas through 2030.

    The annual RES support quota for 2026 has been increased to 1 GW, including 700 MW for wind, 150 MW for bioenergy and small hydropower, 50 MW for solar, and 100 MW for solar projects combined with energy storage systems.

    At the same time, the government outlined a gradual increase in RES quotas for 2027-2030, from 359 MW to 425.8 MW, driven primarily by wind power, alongside expanded support for solar, bioenergy, and storage-integrated projects. 

    Government Launches Preferential Loans for Energy Generation

    Starting from 1 June 2026, a program of affordable financing has been launched to support large and medium-sized businesses in the energy sector. The programme provides for the possibility of obtaining loans for the construction of own generation facilities at an interest rate of 10% per annum, with the State compensating the difference between the commercial and concessional interest rates.

    The mechanism is primarily aimed at enterprises requiring substantial investment in their own energy infrastructure and whose operations are highly dependent on a stable electricity supply. In effect, the Government seeks to create a dedicated energy resilience instrument for medium-sized and large businesses, as existing support programmes, including the "Affordable Loans
    5-7-9%" programme, mainly address the needs of small and micro-enterprises.

    Loan proceeds may be used for the construction and commissioning of gas turbine and gas piston units, including cogeneration units, renewable energy facilities using biomass, biogas and geothermal energy, energy storage facilities, as well as local autonomous energy systems.

    The programme provides for the following key financing terms:

    • minimum loan amount – EUR 1 million in UAH equivalent;
    • for frontline territories, the minimum threshold is reduced to EUR 0.5 million;
    • maximum loan amount – up to EUR 25 million in UAH equivalent;
    • loan term – up to 5 years;
    • deferral of payments until the facility is launched, but for no longer than 12 months.

    Further information on the key features of the programme implementation mechanism is available in our update via this link 

    Energy storage included in Ukraine’s critical infrastructure sectors

    The CMU has updated the list of critical infrastructure sectors, including electricity storage for the first time. This decision enables energy storage systems ("BESS") to be designated as critical infrastructure facilities.

    Granting this status will extend critical infrastructure protection measures to BESS, including requirements for security, risk management, and coordination with public authorities, as well as ensuring their prioritization in energy system response and recovery planning.

    ELECTRICITY

    NEURC sets new price caps in the electricity market

    The National Energy and Utilities Regulatory Commission of Ukraine ("NEURC") has revised the price caps in the electricity market. The relevant decision was approved by NEURC Resolution No. 621 dated 23 April 2026.

    The Resolution establishes uniform price caps without differentiation by time periods:

    1.  Day-Ahead Market and Intraday Market 
    Minimum price cap MAXIMUM PRICES
    10 UAH/MWh
    €0.2/MWh    		 15,000 UAH/MWh
    €289/MWh
    2.  Balancing Market
    Minimum price cap MAXIMUM PRICES
    0.01 UAH/MWh
    €0.0002/MWh    		 17,000 UAH/MWh
    €327/MWh

    ( Conversion based on an exchange rate of 1 EUR = 51.9306 UAH. Actual rates may vary )

    Accordingly, NEURC has abolished the differentiation of maximum price caps by time period and introduced uniform price caps applicable throughout the day.

    RECOVERY AND INTERNATIONAL ASSISTANCE

    EBRD plans to support the development of 700 MW of new generation capacity in Ukraine

    The European Bank for Reconstruction and Development ("EBRD") plans to support the development of approximately 700 MW of new generation capacity in Ukraine to strengthen the power system ahead of the next heating season. This includes, in particular, projects in the renewable energy sector, decentralised gas-fired generation and battery energy storage systems.

    Separately, the EBRD is working on a 400 MW decentralised gas heat supply project and continues to support Ukraine in relation to gas imports and the supply of energy equipment. Since the beginning of the full-scale invasion, the Bank has made more than EUR 9.7 billion in financing available to Ukraine, of which EUR 3.4 billion has been allocated specifically to the energy sector.

    EBRD Prepares First Auctions Under Renewable Risk Mitigation Mechanism

    The European Bank for Reconstruction and Development plans to launch the first auctions under the Ukraine Risk Mitigation Mechanism ("URMM") this year. The URMM is a mechanism designed to reduce market risks for renewable energy projects in Ukraine.

    At the first stage, the mechanism may support approximately 1 GW of new renewable energy capacity. The support is expected to focus primarily on wind projects, as well as solar projects implemented together with battery energy storage systems ("BESS"). Standalone BESS projects are unlikely to participate in this mechanism.

    The URMM is expected to operate under a model similar to contracts for difference. Projects will be guaranteed a minimum electricity price determined through competitive auctions, indicatively for a period of up to 15 years. This should reduce investors’ exposure to price volatility and create a more predictable financing model for new renewable energy projects.

    To launch the mechanism, the EU has already approved EUR 180 million under the Ukraine Investment Framework, while the Netherlands plans to provide a further EUR 12 million in grant support. The URMM is expected to mobilise up to EUR 1.5 billion in investment for the development of approximately 1 GW of new renewable energy capacity in Ukraine.

    Ukraine’s energy reconstruction in focus: IMPACTA LAW co-organised the Ukrainian Energy Transition Forum

    The 4th annual Ukrainian Energy Transition Forum took place in London, organised by Strategy Council in cooperation with Clyde & Co. IMPACTA LAW acted as co-organiser and coordinator of the Ukrainian component of the agenda. 

    IMPACTA LAW Managing Partner Oleksiy Feliv moderated the Forum’s discussions on practical approaches to rebuilding Ukraine’s energy infrastructure, developing decentralised generation, cogeneration capacity in local communities, energy storage systems and financing the energy transition.

    Read the report about the Forum via this link 

    The Forum continued the dialogue with Clyde & Co launched during the firm’s delegation visit to Kyiv. Developing effective modern solutions at the intersection of energy, law, finance and international partnership will have a long-term transformative impact on Ukraine’s energy security and the stability of the EU energy market.

    BIOGAS

    Government Approves Biomethane Development Program Through 2035

    The CMU has approved the Biomethane Production Development Programme for the period until 2035, as well as the operational action plan for its implementation. The Programme sets out the State policy framework for the development of the biomethane market, taking into account, in particular, energy security, greenhouse gas emission reductions and the integration of Ukrainian biomethane into the EU market.

    The key areas covered by the Programme include creating favourable conditions for investors, developing the domestic biomethane market, promoting exports to the EU, expanding infrastructure for the connection of biomethane facilities to the gas transmission system, and introducing new technologies.

    Ukraine is expected to produce over 1 bcm of biomethane annually by 2030, increasing to more than 2 bcm by 2035. The program is set to reduce dependence on natural gas, unlock new opportunities for the agricultural sector, and strengthen Ukraine’s position as a potential supplier of renewable gases to the European market.

    New platforms

    Ukraine launches platform for RES project planning

    Ukraine, in cooperation with Denmark, has launched a pilot version of the REZOMA online platform designed to identify the most promising locations for renewable energy projects.

    The platform enables users to assess the suitability of sites for renewable energy development, taking into account solar and wind potential, access to grid infrastructure, transport connectivity, protected areas, urban zones, and other spatial constraints.

    The platform is available at rezoma.mev.gov.ua





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