JSC “NNEGC “Energoatom” has summarized its performance for the first month of 2026. Despite the grave situation and energy market price shock, the company maintained a stable income and suffered no financial losses.
January was a challenging period for the energy sector, marked by significant instability. The cost of electricity fluctuated constantly, first rising sharply and then falling just as sharply. Critics who accuse the company of selling electricity at below-market prices usually refer only to peak days when the cost per kilowatt was highest. For example, on January 22, the market price did indeed reach over UAH 13,000 per megawatt-hour. However, they ignore the fact that the situation changed dramatically within a few days.
By January 26, the cost of electricity on the spot market had fallen by almost half, to 7,309 hryvnia. This is significantly lower than the price that Energoatom recorded at the auction on January 14 (about 7,600 hryvnia). If the company had not sold this electricity in advance under a stable contract and had waited until the end of the month, it would have been forced to sell it at a lower price, incurring a loss.
The decision to fix the price in the middle of the month enabled Energoatom to mitigate the risks associated with market fluctuations and secure guaranteed funds.
This approach ensured stable financial performance, which is crucial for ensuring nuclear safety and fully fulfilling service obligations (PSO) regarding affordable tariffs for the public. Due to its balanced trading policy, JSC “NNEGC “Energoatom” avoided financial losses.
