The National Bank of Ukraine has now estimated that the electricity deficit will be at 1% by the end of this year compared to the previous estimate of 3%. It is also forecasted that in 2026 the deficit will stay at 1%, including imports. By 2027, the need for electricity imports will be eliminated entirely. In July Ukraine increased its electricity exports by 16% compared to June – up to 282,200 MWh. Electricity exports to Moldova rose sharply, with over 115,000 MWh exported during the month, accounting for 41% of the total volume, according to analysts. However, exports to all other destinations decreased, most notably to Slovakia, which dropped by 24%. In volume, Ukraine remains a net exporter, but total import costs far exceed export earnings. In July, electricity imports rose by 24.7% compared to June to 257,700 MWh. Imports from Moldova fell 55%, and from Poland almost by 1%, but imports from other directions increased. Hungary continues to hold the largest share in the import structure, nearly 41%. Compared to July of last year, imports have decreased by nearly 67% this year.