The Ukrainian Ministry of Energy has responded to recent claims suggesting that a memorandum with the International Monetary Fund (IMF) stipulates increases in gas and electricity tariffs starting in 2027. According to the ministry, the memorandum does not mandate new tariffs but outlines a roadmap for energy sector reforms to be completed by the end of 2026. This is primarily analytical and planning work rather than a decision to change prices.
Officials further asserted that the moratorium on tariff increases is still effective, stating that “a full transition to market pricing will only be possible after the state of martial law is lifted.”
The Ministry of Energy emphasized that, similar to previous IMF program reviews, the document highlights potential directions for reforming the energy sector but does not contain specific commitments to raise tariffs while martial law is in effect.
The IMF noted in its memorandum with the Ukrainian government that the moratoriums on tariff increases, implemented at the onset of full-scale war, cost Ukraine at least 2.2% of its GDP annually, while targeted transfers for utility services make up approximately 0.6% of GDP. The IMF believes that once protective mechanisms are developed, gradual tariff increases for households could begin to address recovery needs and reduce debts within the energy sector.
