On February 11, 2026, the Energy Union held a working meeting with representatives of electricity supplier companies, dedicated to the topic of imbalances and financial guarantees, which currently create a significant financial burden for suppliers.
During the meeting, participants discussed practical cases, current challenges, and possible ways to resolve them.
In January, a sharp increase in the price of the maximum forecasted negative imbalance was recorded — approximately 100% compared to December. This automatically increases the size of financial guarantees that suppliers and traders must provide.
As a result, for some balancing groups, the volume of financial guarantees has more than doubled, effectively tying up significant company funds solely to cover settlement risks. This reduces liquidity, complicates electricity procurement, and increases the risk of pre-default statuses.
The situation is further complicated by hourly and emergency outages due to massive attacks on the energy system. These conditions objectively prevent accurate consumption forecasting and lead to a rise in imbalances.
A separate problem arises when a supplier purchases electricity in advance and in full volumes, but actual consumption does not occur due to outages or dispatch restrictions. In such cases, the excess volumes must be sold on the balancing market at significantly lower prices, directly affecting the financial stability of suppliers.
Proposals and practical cases raised during the meeting will be consolidated to form a joint position of the Union’s members.
We thank all participants for the professional dialogue, active engagement, and constructive suggestions.