The National Bank of Ukraine anticipates a potential rise in utility tariffs over the upcoming years, particularly starting from 2026.
This information was shared in the inflation report for April.
This year, current rates for gas, heating, and hot water are expected to remain unchanged.
"However, challenges in the energy sector and fiscal consolidation are likely to lead to a gradual adjustment of these tariffs in the following years. A gradual move towards economically justified levels is expected to begin in 2026," the statement reads.
It is noted that delaying the increase would result in lower inflation, but it would worsen the financial condition of state energy companies.
"At the same time, risks of instability in the energy market will rise, investment potential in the sector will decline, and price pressures will merely be postponed to the future," the NBU concluded.
Conversely, a swift and significant increase in energy prices to address imbalances in the energy sector would heighten inflationary pressure and necessitate increased subsidies for the population, according to bankers.
As a reminder:
"Naftogaz of Ukraine" has extended the "Fixed Tariff" for gas supply to households until April 2026.
From May 31, the price for electricity has been set at 4.32 UAH/kWh for all residents of Ukraine, regardless of consumption volume.