The National Bank of Ukraine has forecasts the increase in utility tariffs, including gas, heating and hot water, starting in 2026. This is stated in the April "Inflation Report" of the NBU.
In 2025, tariffs will remain unchanged, but since 2026 it is planned to gradually bring them to an economically sound level. This decision is due to the need to stabilize the energy sector and fiscal consolidation.
According to the National Bank, the preservation of current tariffs will contribute to lower inflation in the short term, but will increase the financial condition of state energy companies and increase the risks to energy stability. In addition, a very sharp increase in tariffs in the future can lead to an increase in inflation pressure and will require expansion of subsidy programs for the population.
Thus, the gradual adjustment of tariffs will be a necessary step to ensure the stability of the energy market and attracting investments in the sector.
