The Electricity Market of Ukraine is a competitive market established to enhance efficiency and transparency in electricity trading. It was reformed in 2019 to align with European Union standards, promoting fair competition among producers, suppliers, and consumers. The market operates under the oversight of the National Energy and Utilities Regulatory Commission (NEURC). In this market, electricity is traded through a day-ahead market and an intraday market, allowing participants to buy and sell electricity based on demand and supply. The Ukrainian grid operator, Ukrenergo, plays a crucial role in ensuring the stability and reliability of electricity supply across the country.