Commodity Market Report

Ukraine energy markets long-term outlook 2020

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28 January 2020

Ukraine energy markets long-term outlook 2020

Report summary

Ukraine has a diverse fuel mix, but most of its power plants are approaching maturity. A significant portion need upgrading to extend their operating life or alternatives need to be considered. Ukraine has some of the most promising renewable energy resource potential in Europe. With the EU encouraging a greener profile across the region, renewables penetration could be improved with the right incentives, particularly in the power mix. Ukraine also wants to further develop its indigenous gas production to reduce reliance on imports. Appropriate legislation and political stability are important in achieving this. This report answers the following key topics: • Will electricity generation share by nuclear and coal change? • To what extent will renewable energy be brought into the power mix? • Can Ukraine become self-sufficient in power sector?

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