--- title: "ICC Ukraine reiterates demand for NEURC to raise electricity market price caps to 18,000 UAH/MWh" description: "ICC Ukraine has urged NEURC to set electricity market price caps at 18,000 UAH/MWh, citing risks to EU imports and investments in flexible generation." date: 2026-11-09T14:42:53.876Z lang: en url: https://xab.info/en/posts/icc-ukraine-calls-for-higher-electricity-price-caps tags: [ukraine-energy-market, price-caps, nkreku, icc-ukraine, electricity-import] author: "Darya Fomina" publisher: "XAB.info" --- # ICC Ukraine reiterates demand for NEURC to raise electricity market price caps to 18,000 UAH/MWh ![Power transmission line and Ukrainian flag against apartment blocks on a cloudy day](https://xab.info/media/2026/11/09/icc-ukraine-prays-kepy-18000-grn-rynok-elektroenergii/icc-ukraine-prays-kepy-18000-grn-rynok-elektroenergii-1.webp) ## Key Points - ICC Ukraine re-appealed to NEURC to set price caps at 18,000 UAH/MWh. - The regulator proposed caps of 15,000 UAH/MWh for day-ahead/intraday and 17,000 UAH/MWh for the balancing market. - The committee highlights risks to EU imports, flexible generation development, and market integration. - The position is supported by the European Business Association and the Federation of Employers of the Fuel and Energy Complex. The Ukrainian National Committee of the International Chamber of Commerce (ICC Ukraine) has re-appealed to the National Energy and Utilities Regulatory Commission (NEURC), calling for maximum price caps on organized electricity market segments to be set at 18,000 UAH/MWh. This was reported by RBC-Ukraine, citing the organization's relevant statement. The committee argues that reconsidering the issue amid significant price fluctuations once again demonstrates the inexpediency of keeping administrative price limits fixed for too long. ### The Regulator's position and the Committee's proposal The maximum marginal prices proposed by the Regulator are 15,000 UAH/MWh for the day-ahead and intraday markets, and 17,000 UAH/MWh for the balancing market. However, ICC Ukraine insists on a level of 18,000 UAH/MWh for these organized segments. The appeal emphasizes that in practice, when actual market prices approach the established caps, the price boundary begins to directly influence the behavior of market participants, effectively becoming an active constraint rather than a formal ceiling. ### Risks to imports and EU integration A specific risk highlighted by the committee concerns imports. If electricity in neighboring EU countries is more expensive than the maximum allowable price in Ukraine, technical capabilities for cross-border trade do not guarantee that the resource will actually enter the Ukrainian market: "An importer cannot systematically buy a resource for more than they can sell it." That is why, according to ICC Ukraine, revising the approach to price caps is vital for Ukraine's further commercial integration with the EU energy market and future market coupling. ### Impact on investment in flexible generation The organization also notes that administrative price caps increase regulatory risks for investments in gas-piston, gas-turbine, cogeneration plants, and storage systems. These assets form the flexible reserve needed to balance the grid, and their economic model depends directly on the ability to sell the produced resource at market price rather than at an artificially limited ceiling. ### Support from other industry structures and general context The call to revise price caps is not isolated. Previously, the European Business Association (EBA) reiterated its call for NEURC to set economically justified price caps, pointing out that existing constraints might deter commercial imports from the EU, the development of new flexible generation, and the attraction of private investment. The Federation of Employers of the Fuel and Energy Complex of Ukraine also urged the Regulator to raise price caps ahead of the heating season. Market Operator has taken the position that price caps should be a technical tool, not a restriction on the energy market. Against this backdrop, industry participants, including founder of the energy holding Ihor Tynnyi, attribute the blocking of market development to a combination of factors—accumulated debts (estimated at over $4 billion), unstable rules, and specifically the price caps. ## Fact-Check & Sources - [Прайс-кэпы уже влияют на поведение энергорынка, - ICC Ukraine](https://www.rbc.ua/ukr/news/prays-kepi-vzhe-vplivayut-povedinku-energorinku-1794234967.html) - Source: ICC Ukraine's appeal to NEURC regarding 18,000 UAH/MWh price caps. - [Долги более $4 млрд, нестабильность правил и прайс-кэпы блокируют развитие энергорынка, – Тынный](https://www.obozrevatel.com/ekonomika-glavnaya/dolgi-bolee-4-mlrd-nestabilnost-pravil-i-prajs-kepyi-blokiruyut-razvitie-energoryinka-tyinnyij.htm) - Context: Ihor Tynnyi's assessment of over $4 billion in accumulated energy sector debts. - [Прайс-кэпы должны стать техническим инструментом, а не ограничением энергорынка – Оператор рынка](https://www.obozrevatel.com/ekonomika-glavnaya/prajs-kepyi-dolzhnyi-stat-tehnicheskim-instrumentom-a-ne-ogranicheniem-energoryinka-operator-ryinka.htm) - Context: Market Operator's stance on price caps as technical instruments. ## FAQ ### What price cap level does ICC Ukraine propose? The committee proposes a maximum price cap of 18,000 UAH/MWh on organized market segments. ### What caps did the regulator propose? NEURC proposed 15,000 UAH/MWh for day-ahead and 17,000 UAH/MWh for the balancing market. ### Why does ICC Ukraine believe revising caps is important? They argue it is crucial for enabling EU imports, encouraging investment in flexible generation, and achieving commercial integration with the EU energy market.