National Bank of Ukraine adjusts estimate of electricity shortage for 2025-2027

MOSCOW. April 28 (Interfax) - The National Bank of Ukraine (NBU) has improved its estimate of an electricity shortage in the country to 3% from 4% in 2025 and to 1% from 2% in 2026 owing to repairs being done rapidly and the development of decentralized power generation.

"Quick repairs of cycling power units and power infrastructure, the development of decentralized power generation and renewable energy amid ongoing stable electricity imports give grounds to improve the previous electricity shortage projections," Ukrainian media reported with reference to the NBU's Inflation Report for April 2025, comparing it with an identical document dated January 2025.

An electricity shortage in Ukraine is expected to further drop to 1% in 2027, according to the NBU's projections.

Thus, the influence of power supply restrictions on real GDP would decrease, while the volume of annual electricity imports in 2025-2027 would be around $500 million.

As reported, the Ukrainian Energy Ministry reported at the end of 2024 that the aggregate capacity of decentralized gas-fired power plants hooked to the grid in Ukraine in 2024 totaled 967 MW, of which 835 MW was put into service last year.