How electricity was purchased in the Kherson region in December: concentration of funds and competition


In December 2025, we recorded 48 electricity procurements, with a total of successful procedures amounting to UAH 88,723,911.79. Suppliers from different regions of Ukraine participated in the bidding. Still, the mere presence of these suppliers and the formal competition do not answer the key question: who exactly concentrates budget funds in this segment and through which work models.

We drew attention to a recurring practice that appears systematic.

These are situations when participants with the lowest price offers win the auction. Still, after the procedure is completed, they refuse in writing to enter into a contract on the terms specified in the request for proposals. As a result, customers are forced to conclude agreements with the next-ranked participants at higher prices.

Such cases were recorded in at least six December procurements:

  1. https://prozorro.gov.ua/uk/tender/UA-2025-12-17-011367-a
    The selected offer is UAH 551,628.24 more expensive  

  2. https://prozorro.gov.ua/uk/tender/UA-2025-12-17-022160-a
    The selected offer is UAH 28,250.78 more expensive 

  3. https://prozorro.gov.ua/uk/tender/UA-2025-12-19-022931-a
    The selected offer is UAH 39,782.73 more expensive

  4. https://prozorro.gov.ua/uk/tender/UA-2025-12-16-008255-a
    The selected offer is UAH 527,247.72 more expensive 

  5. https://prozorro.gov.ua/uk/tender/UA-2025-12-12-009459-a
    The selected offer is UAH 68,187.6 more expensive 

  6. https://prozorro.gov.ua/uk/tender/UA-2025-12-17-009771-a
    The selected offer is UAH 17,043.9 more expensive 

In some procedures, the situation was even more revealing: with the participation of four companies, after the end of the bidding, three refused to conclude the contract, which actually left the customer with the offer at the highest price: UA-2025-12-16-008255-a

The total difference between the lowest offers and the actually concluded contracts in these procurements is UAH 1,232,140.97.

The mass of such refusals within one month and one region indicates a systemic practice that calls into question the proper level of competition in electricity procurement and the economic justification for spending budget funds.

For frontline communities operating in conditions of chronic resource shortages, such scenarios have particularly sensitive consequences.

We did not conduct a detailed analysis of each contract and additional agreements (conditions, conversion formulas, price changes, or volumes), as this should be done by the relevant authorities. Instead, we focused on profiling the winners: the registration history of the companies, the ownership and management structure, the connections between legal entities, the business environment of the beneficiaries and managers, as well as the presence or absence of litigation and public mentions in the media, to try to understand how the electricity market is structured in the Kherson region.

Download the interactive report at the link.

The following is summarized information about the participants - the number and amounts of purchases, the level of competition, and a brief background, which helps to assess the risk and reputational context of suppliers and understand who accumulates the largest amounts of funds in this segment.

Who are the providers?

SKY SOFT LLC

The company won 5 electricity purchases totaling UAH 2,079,697.86. Of these, 2 procedures were held without competition, and another 3 with competitors, indicating a mixed market participation format.

SKY SOFT LLC was registered on October 14, 2003, in Smila, the Cherkasy region. According to YouControl, the company has a B trust rating. The ultimate beneficial owners are Serhii Buriachynskii (50%, Kyiv) and Andrii Shaposhnyk (50%, Smila, the Cherkasy region).

According to the YouControl analytical system, Serhii Buriachynskii, in addition to SKY SOFT LLC, also owns other companies, including Bioka LLC, BDK Service LLC, Khlysyunivske LLC, and Cherkasybudmontazh Construction and Production Company LLC.

Andrii Shaposhnyk is a co-owner of several enterprises, including Bereg LLC, Cherkasy-Dnipro LLC, and Stellarius Lex LLC. According to open sources, he also participated in public and political life at the local level: in 2010 he was elected as a deputy of the Smila City Council from the Party of Regions, in 2015 he ran for the "Power of Communities" party, and in 2020 - for The Opposition Platform – For Life (OPZZh), but without receiving a mandate. In addition, he is a co-founder of the public organization "Olympic Hopes".

SKY SOFT LLC is a stable, long-standing presence in the electricity supply market and participates in procurement across various regions of Ukraine. At the same time, the combination of a significant number of related businesses owned by the beneficiaries and the existing political background of one of the beneficiaries creates a context that, in public procurement, requires increased attention to the level of competition and further changes to contract terms, especially in procedures without competitive bidding.

RETAIL SERVICE LLC

The company won 3 electricity purchases totaling UAH 852,895.80. Of these, 2 procedures were held without competition and 1 with, indicating limited competition in most cases.

Retail Service LLC was registered on September 20, 2016, in Kyiv. According to the YouControl analytical system, the company has a high trust rating of “A”.

The ultimate beneficial owner of the company is Iryna Novitska, who holds 100% of the company’s authorized capital.

According to YouControl, Iryna Novitska is also connected with other business entities, in particular PR-Agency “Prof.Communication” LLC, whose main activity is advertising services, and Euromarker LLC, which carries out non-specialized wholesale trade.

Retail Service LLC appears to be a relatively “clean” supplier with a high trust rating and no recorded reputational concerns. At the same time, the prevalence of non-competitive procedures limits the ability to assess the true competitiveness of the company’s price offers, which, in the context of public procurement, requires a careful but standard review of contract terms and subsequent changes after their conclusion.

OPPOZYT LLC 

The company won 1 electricity purchase for UAH 10,499.96. The procedure took place without competition, while the price reduction was purely formal - UAH 0.04 from the expected cost.

The OPPOZYT LLC was registered on April 21, 2017, in Kyiv. According to the YouControl analytical system, the company has a high trust rating of “A”, and the director and ultimate beneficial owner with a 100% share is Dmytro Oblaukhov.

The open YouControl registry data does not record any connections of this company with high-profile events, court cases or schemes in the energy market. At the same time, in journalistic publications of 2014–2015, the name of Dmytro Oblaukhov was mentioned in a different context - as the director of Energomerezha-Export-Trade LLC, which appeared in materials about the import of electricity from the Russian Federation.

As the media outlet “Nashi Groshi” noted, at the end of November 2014, the Ministry of Energy and Coal Industry of Ukraine approved licenses for several private companies to import electricity from the Russian Federation. In particular, permits were received by companies of the DTEK group associated with Rinat Akhmetov (up to 1.5 thousand MW), as well as  Holding Company “Energomerezha” PJSC and Energomerezha-Export-Trade LLC (a total of up to 0.8 thousand MW). In publications of that period, Energomerezha-Export-Trade LLC was described as a technical intermediary in electricity import schemes, and Dmytro Oblaukhov was mentioned as its director at that time.

The aforementioned media materials are historical and do not reflect current registry data for OPPOZYT LLC. At the same time, even with a small procurement volume, the combination of a non-competitive procedure and the beneficiary's background creates a context that requires careful attention in public procurement, particularly in the event of further company activation or an increase in contract volume.

ENERGOSERVICE INVEST LLC 

The company won 2 electricity purchases totaling UAH 399,464.31. One procedure was held with competition, while the other was held without, which is a typical participation model for the segment.

ENERGOSERVICE INVEST LLC was registered on May 11, 2017, in Kyiv. According to the YouControl analytical system, the company has a high trust rating of "A".

The director and ultimate beneficial owner with a 100% share is Roman Ulyda. The registration data indicates the beneficiary's address as the place of residence in the dormitory.

According to YouControl, Roman Ulyda is also the owner of two more companies: BRIXSOL LLC and ENERGI BUSINESS LLC, in each of which he owns 100% of the shares. Open sources do not contain information about litigation or public reputational reservations regarding the activities of ENERGOSERVICE INVEST LLC.

The company appears to be a small, formally “clean” supplier with no recorded reputational concerns. However, the combination of non-competitive procedures and minimal public history means that the main risks may manifest themselves not at the bidding stage but already during contract execution, in particular in the event of changes to terms or price.

ENERGY 365 LLC

The company won 1 electricity purchase for UAH 569,307.60. The procedure was held with competition.

ENERGY 365 LLC was registered on July 7, 2017, in Kyiv. According to the analytical system YouControl, the company has an average trust rating of "C".

The ultimate beneficial owner is Mitura Olena (100% share).

The director is Pidlisny Yurii. According to the analytical system YouControl, he appears as a beneficiary, manager, signatory, or chief accountant in at least 5 operating companies, indicating his active presence in the corporate sector.

At the same time, ENERGY 365 LLC was mentioned in journalistic investigations dedicated to the electricity market in 2019–2021. In particular, in the publication Business Censor, the company appears among a group of private traders, which the authors of the material described as intermediaries in the electricity supply chain for Ukrainian Railways JSC through Energo Zbut Trans LLC. According to the journalists, such companies purchased electricity from state-owned producers and resold it at inflated prices.

Although the aforementioned publications relate to previous years and are not direct evidence of violations in the current procurement, the combination of the average trust rating, management concentration, and historical media mentions provides a stronger reputational background. Under such conditions, further changes to contract terms and pricing mechanisms after the auction end remain the key risk area.

PROMGAZ CITY LLC

The company won 1 electricity purchase for UAH 3,547,800.00. The procedure took place without competition, thereby reducing price competition and increasing the importance of further control over contract implementation.

PROMGAZ CITY LLC was registered on September 1, 2017, in Kyiv. According to the analytical system YouControl, the company has a high trust rating of "B".

The head and ultimate beneficial owner with a 100% stake is Leonid Nevstruiev.

In the Anti-Corruption Legal Council publication, the company was mentioned in materials on the practice of additional agreements in electricity contracts, in which, after winning the tender, the conditions change and the cost increases. In particular, the authors wrote about the lawsuit filed by the prosecutor's office regarding contracts with PROMGAZ CITY LLC in the Bozhedarivka community (case No. 904/3826/24) with demands to cancel additional agreements and return funds that, in the opinion of the prosecutor's office, were overpaid due to price increases.

The analytical material of Zhar Info mentions that the Commercial Court considered lawsuit No. 924/413/24 regarding the invalidation of additional agreements to the electricity supply contract between one of the municipal enterprises in Khmelnytskyi city and Promgaz City LLC, and the lawsuit was granted.

The aforementioned court cases concern specific contracts in other communities and are not, in themselves, evidence of violations in the current procurement. At the same time, they clearly highlight a typical risk in the electricity segment: price revisions through additional agreements after the completion of non-competitive procedures. Under such conditions, large-scale purchases concluded with this company require greater attention during contract execution.

Zaporizhyaelectropostachannya LLC

The company won 5 electricity purchases totaling UAH 5,864,980.24. Of these, 4 procedures were held with competition, and 1 without, indicating active participation in open bidding.

Zaporizhyaelectropostachannya LLC was registered on April 26, 2018, in Zaporizhzhia. According to the YouControl analytical system, the company has an average trust rating of “C”. The ultimate beneficial owner with a 100% stake is Zaporizhzhiaoblenergo PJSC.

Thus, Zaporizhyaelectropostachannya LLC is an electricity supplier, fully controlled by the distribution system operator Zaporizhzhiaoblenergo PJSC. Formally, this corresponds to the model of separation of distribution and supply, introduced after the electricity market reform.

In 2025, Zaporizhzhiaoblenergo PJSC appeared in journalistic investigations into possible overestimation of the cost of works in a large tender for the reconstruction of electricity networks in Zaporizhzhia, worth 34.22 million UAH. Journalists from the publication Nashi Groshi noted that individual items of the estimate (cables, transformers, pipes, building materials) were procured at prices 15–50% above market prices, and the bidding took place without competition, with minimal price reductions from the expected value.

At the time this contract was concluded, the acting general director of Zaporizhzhiaoblenergo PJSC was Andriy Stasevsky, who, according to the publication ExPro, previously worked voluntarily as an advisor to the Minister of Energy, German Galushchenko. Open sources also reported negative feedback from contractors regarding cooperation with Zaporizhzhiaoblenergo PJSC in 2024 and the enterprise's financial difficulties, which resulted in losses for the year.

The information provided concerns the activities of Zaporizhzhiaoblenergo PJSC and is not direct evidence of violations by Zaporizhyaelectropostachannya LLC in the analyzed purchases. At the same time, the full corporate connection of the supplier with the regional energy company, which has repeatedly been the focus of public discussions regarding the effectiveness of management and pricing, is a factor in increased attention to the level of competition, the terms of contracts, and possible changes after their conclusion.

MYKOLAIV ELECTRICAL SUPPLY COMPANY LLC 

The company won 2 electricity purchases amounting to UAH 1,725,084.73. Both procedures took place without competition, significantly limiting the scope for price competition.

MYKOLAIV ELECTRICAL SUPPLY COMPANY LLC was registered on May 11, 2018, in Mykolaiv. According to the YouControl analytical system, the company has an average trust rating of “C”. The ultimate beneficial owner and founder with a 100% stake is Mykolaivoblenergo JSC, indicating a full corporate connection between the electricity supplier and the regional distribution system operator.

The materials of the Center for Public Investigations noted that in several electricity purchases for urban facilities in Mykolaiv, in particular for traffic lights and outdoor lighting, MYKOLAIV ELECTRICAL SUPPLY COMPANY LLC was the only participant in the procedures. The media attributed this to the peculiarities of the local market and the company's ownership structure, since its founder is Mykolaivoblenergo JSC. The company is part of the wider energy group "VS Energy International", which includes 5 energy distribution companies in Ukraine. The ultimate beneficiaries of this group are citizens of Latvia and Germany. At the same time, law enforcement materials suggested the possible presence of direct or indirect control by persons associated with the Russian Federation, to whom sanctions were applied.

Particular attention was drawn to the court decisions regarding the former head of Mykolaiv Power Supply Company LLC. As reported by the press service of the High Anti-Corruption Court, in 2024 the court approved a plea agreement in the case involving the legalization of proceeds from crime. The former head was sentenced to a suspended sentence, as well as an obligation to transfer 150 thousand US dollars and more than 11 million UAH to support the Armed Forces of Ukraine. The verdict states that the case concerns the actions of a specific official and does not draw automatic conclusions about the company's entire economic activity; however, the very fact of these proceedings creates an additional reputational context around the supplier.

The above circumstances relate to specific individuals or the broader corporate environment and, in themselves, do not constitute evidence of irregularities in the analyzed procurements. At the same time, the combination of non-competitive procedures, complete dependence on the regional energy company, and the existing reputational background creates a heightened risk context that requires enhanced control over contract terms and any subsequent changes after their conclusion.

Energo Zbut Trans LLC

The company won 1 electricity purchase for UAH 5,991,242.44. The procedure was conducted with competition; however, given the specifics of the supplier's corporate structure, the actual level of competition warrants a separate assessment.

Energo Zbut Trans LLC was registered on November 1, 2018, in Kyiv. According to the YouControl analytical system, the company has an average trust rating of "C".

The founder and ultimate beneficial owner of the company with a 100% stake is Zbut Energy LTD LLC, which, in turn, was created by Ukrainian Railways JSC. Thus, due to the two-tier corporate structure, Energo Zbut Trans LLC is under the full control of the state-owned company Ukrainian Railways JSC. However, it formally operates as a separate commercial enterprise.

In the publication Business Censor's journalistic materials, Energo Zbut Trans LLC is mentioned in the context of the electricity supply model for Ukrainian Railways JSC during the period of electricity market reform in 2018–2021. It is noted that the company was created on the eve of the transition to competitive procurement through the Prozorro system, and the first electricity supply contract with Ukrainian Railways JSC was concluded before the new rules came into force, without open bidding. Subsequently, several tenders by Ukrainian Railways JSC for the purchase of electricity did not result in the conclusion of contracts, allowing the previously signed contract with Energo Zbut Trans LLC to remain in force.

Within this model, electricity was purchased through a chain of intermediaries, which could increase the final price for the state consumer.

In 2020, NABU opened criminal proceedings into possible losses totaling UAH 1.9 billion, according to investigators. Although the company itself is formally owned by Ukrainian Railways JSC, its status as a separate legal entity allowed it to conclude contracts outside the scope of public procurement legislation, which became the subject of heated public and expert debate on the transparency of the use of funds by the largest state-owned consumer of electricity in the country.

In December 2025, Ukrainian Railways JSC held the largest tender of the week for the purchase of electricity for UAH 4.03 billion, with the sole participant and winner again being Energo Zbut Trans LLC, a company controlled by Ukrainian Railways JSC itself. The bidding took place in the format of a “request for quotations” and virtually without competition, and the price reduction amounted to a symbolic 11 kopecks per kWh before the DAM. Although the procurement was formally presented as the first “market” auction, journalists from the publication Nashi Groshi draw attention to the fact that in the absence of alternative participants, the pricing mechanism is again locked within the corporate group of Ukrainian Railways JSC, and savings are achieved not through competition, but through access to cheaper generation and an internal supply model. In fact, Ukrainian Railways JSC continues to purchase electricity from its own company, and it remains difficult to verify whether these conditions align with market conditions.

The above-mentioned cases are systemic and historical in nature and do not constitute direct evidence of violations in a specific procurement in December 2025. At the same time, the supplier’s corporate dependence on Ukrainian Railways JSC, combined with previous procurement models and the absence of alternative suppliers in large tenders, forms a stable risk background. In such conditions, the key issue for monitoring remains not the formal presence of competition, but the actual transparency of pricing and contract execution terms.

VIMK LLC

The company won 1 electricity purchase for UAH 766,118.73. The procedure was held with competition, which formally indicates the presence of price competition.

VIMK LLC was registered on December 26, 2018, in Mykolaiv. According to YouControl, the company has an average trust rating of “C”. Shares in the authorized capital are owned by the company's director, Oleksandr Datsko (25%), and Anton Miagkov (75%). At the same time, Anton Miagkov previously worked in a number of state and semi-state structures of the energy sector, in particular, the State Property Fund of Ukraine, Mykolaivoblenergo JSC, NPC "Ukrenergo" SE, and Vinnytsiaoblenergo JSC.

The presence in the ownership structure of a person with experience in key state-owned energy enterprises can be both an advantage in terms of professional expertise and a factor that requires additional attention in conditions of limited competition in regional markets. In such cases, it is important to pay attention not only to the bidding results but also to the parties' subsequent behavior after the contract is concluded.

GAZENERGO-TRADE LLC

The company won 1 electricity purchase for UAH 704,959.20. The procedure was held with competition, which formally meets the requirements of open bidding.

GAZENERGO-TRADE LLC was registered on February 18, 2019, in Lviv. According to the YouControl analytical system, the company has an average trust rating of “C”.

The publication Nashi Groshi wrote that in December 2021, during a sharp increase in gas prices, Ukrainian Railways JSC applied a negotiated procedure for the purchase of natural gas without competition, in particular from Gazenergo-Trade LLC. Before that, suppliers refused to fulfill existing contracts at lower prices, and within a week, they concluded new contracts - at a price that, according to publications, was significantly higher than stock market quotes at the time of conclusion of the agreements. The justification for applying the negotiated procedure cited a potential emergency situation; however, according to experts, this ground was not properly documented. In this regard, public organizations initiated an appeal to the State Audit Service to verify compliance with procurement legislation.

According to Nashi Groshi publications in 2023, Gazenergo-Trade LLC has been one of the key suppliers of natural gas to Ukrainian Railways JSC since the end of 2021 and has since received contracts totaling over 1.5 billion UAH. The company appears in materials on the reformatting of the pool of gas suppliers for the railway, where journalists draw attention to the change of long-standing counterparties and the emergence of new companies related to one another through their histories of creation, founding law firms, and personal connections in the energy market. At the same time, the purchases themselves were carried out in accordance with the procedures provided by law, and assessments of potential influences or informal connections are of a journalistic nature and require a separate legal assessment.

The indicated media materials relate primarily to the natural gas supply segment and other periods and are not direct evidence of violations in the current purchase of electricity. At the same time, the company's active cooperation with the largest state customer of energy resources and its participation in high-profile cases create a reputational backdrop that requires greater attention to contract terms, pricing mechanisms, and changes after contract conclusion.

ENERGYGASTRADE LLC

The company won 1 electricity purchase for UAH 791,657.52. The procedure was held with competition, which formally meets the requirements of open bidding.

ENERGYGASTRADE LLC was registered on July 28, 2020, in Cherkasy. According to the YouControl analytical system, the company has a trust rating of C. The ultimate beneficial owner is Stankeev Ihor, whose place of registration is Donetsk, currently in the temporarily occupied territory. During the period of full-scale invasion, 2022–2026, the company appears as a defendant in 23 commercial court cases, indicating its systematic participation in litigation with customers.

The latest court ruling, dated January 5, 2026, concerns the purchase of electricity. The Commercial Court of Cherkasy Region is considering the claim of the Globyno District Prosecutor's Office, in the interests of the Education Department of the Globyn City Council, against ENERGYGASTRADE LLC, seeking to declare additional agreements to the electricity supply contract invalid and recover over UAH 510 thousand in overpaid funds. The prosecutor's office indicates that the additional agreements were concluded in violation of the Law "On Public Procurement" and resulted in an illegal increase in electricity costs. At the moment, the court has not proceeded to consider the case on the merits but has left the claim pending, without a motion, for technical reasons, ordering the elimination of formal shortcomings. At the same time, the very appearance of this ruling confirms that the company's activities in the field of electricity supply are already under the attention of law enforcement agencies in the current, not historical, period.

Unlike many other suppliers, risk markers for ENERGYGASTRADE LLC are not only historical but also current. The combination of a significant number of litigations, whose subject often changes with contracts, and attention from the prosecutor's office increases the risk. Under such conditions, procurements involving this company require particularly close monitoring at contract execution and during contract amendments.

ENERGY OF FUTURE LLC

The company won 1 electricity purchase for UAH 275,519.88. The procedure was conducted with competition, which meets the requirements for open bidding.

ENERGY OF FUTURE LLC was registered on November 2, 2022, in Kyiv. According to the YouControl analytical system, the company has a high trust rating of "A". The ultimate beneficial owners are Stadnik Eduard (66.67%) and Abdinov Agap (33.33%).

During the analysis of business relationships in the YouControl and OpenDataBot systems, it was established that until 24.04.2024, Stadnik Eduard was the beneficial owner and manager of ZR-PROD LLC. It is through this enterprise that a direct business relationship with Bohdan Gdychinsky is recorded, where the latter was the beneficial owner until November 12, 2024. Currently, the beneficial owner of ZR-PROD LLC is listed as Gdychinska Lyudmila.

In addition, according to OpenDataBot, on April 19, 2024, Stadnik Gennady was also removed from the founders of LLC "ZR-PROD". He is known as the former head of the State Executive Service of Ukraine, that is, a person who previously held one of the key positions in the system of enforcement bodies.

Bohdan Hdychinsky, for his part, is a public figure with experience in the state energy sector: in 2012, he served as Deputy Head of Ukrnafta PJSC and also ran for the Verkhovna Rada of Ukraine in single-mandate district No. 88 as a self-nominated candidate. His past political and managerial activities have been repeatedly mentioned in public space, including his role as head of the “Party of Regions”.

Available data indicate cross-business and personal ties between beneficiaries and related companies and individuals who previously held high positions in state bodies and energy enterprises. Such connections, in themselves, are not evidence of violations, but in the context of public procurement and work in the energy market, they draw increased attention to the ownership structure, corporate changes, and the company's subsequent behavior after entering into contracts.

YUENERGIES LLC

The company won 2 electricity purchases totaling UAH 1,150,388.19. Both procedures were held without competition, limiting the ability to assess the true competitiveness of price offers.

YUENERGIES LLC was registered on April 7, 2023, in Zolotonosha, the Cherkasy region. According to the YouControl analytical system, the company has an average trust rating of “C”. The ultimate beneficial owner with a 100% share is Kotlyarov Valeriy.

According to the declarations and YouControl data, the beneficiary’s wife, Iryna Kotlyarova, serves as the director of the Transcarpathian Regional Clinical Center of Cardiology and Cardiac Surgery of the Transcarpathian Regional Council. In addition, she is the head of VITAM+ LLC, registered in Odesa.

An analysis of business ties shows that Valeriy Kotlyarov, through L Ukrainian-Arab Cultural and Educational Center LLC, has common corporate ties with Shchokin Rostyslav and Shchokin Heorhiy. Both of these figures ran for the Verkhovna Rada of Ukraine in 2006, in particular from the Borys Klimchuk Bloc “Ridna Volyn” and the Ukrainian Conservative Party, but did not receive deputy mandates.

The existing family, business, and political ties are not evidence of violations in the company’s activities. At the same time, the combination of non-competitive procedures, an average trust rating, and beneficiary involvement in a wider range of public and quasi-public contacts creates an additional context that, in public procurement, requires careful monitoring of the ownership structure, management, and subsequent changes to contract terms.

MAVIRS LLC

The company won 2 electricity purchases totaling UAH 790,850.07. Both procedures were held with competition, which formally indicates the presence of price competition.

MAVIRS LLC was registered on May 10, 2023, in Kyiv. According to the YouControl analytical system, the company has a high trust rating of “A”, and the manager and ultimate beneficial owner with a 100% share is Iryna Oblaukhova. Open sources and registry data do not record any negative mentions, court cases, or public investigations related to the company’s activities or its owner.

At the same time, the coincidence of the surname with another energy market participant — Dmytro Oblaukhov, manager and beneficiary of OPPOZYT LLC, draws attention. As we noted earlier, the connection between these companies or individuals is not recorded in the current registers. Presumably, this is only a common surname within the same city and industry, which in itself does not indicate the presence of corporate or business relationships, but rather suggests a narrow circle of participants in the capital’s energy market.

Formally, MAVIRS LLC appears to be a “clean” supplier with competitive bidding and no recorded reputational reservations. However, as a newly established company with a limited history of public procurement, it requires close attention to subsequent behavior after contract conclusion, particularly regarding changes in terms and prices.

ELECTRYKA DLIA VAS LLC

The company won 1 electricity purchase for UAH 1,185,984.00. The procedure was held with competition, which formally meets the requirements of open bidding.

ELECTRYKA DLIA VAS LLC was registered on March 17, 2023, in Lviv, and has a YouControl trust rating of "B". The director is listed as Ihor Kagalo, and the ultimate beneficial owner with a 100% share is Romanchuk Vasyl. It is important that the same director and the same beneficiary are listed in ELECTRYKA UKRAINY LLC - that is, the companies look like "mirrored" legal entities with the same management and owner. According to public records, ELECTRYKA DLIA VAS LLC does not appear in the media and is not a party to litigation.

In contrast, ELECTRYKA UKRAINY LLC in 2024–2025 was involved in at least two commercial cases.

First: By the decision of the Commercial Court of Lviv Region dated January 27, 2025, in case No. 914/2869/24, NEC "Ukrenergo" PJSC collected from ELECTRYKA UKRAINY LLC UAH 46,559.21 of debt under the contract for the provision of electricity transmission services (of which UAH 42,868.69 of principal debt, UAH 2,945.59 of inflation losses, and UAH 744.93 of 3% per annum), as well as UAH 2,422.40 of court fees. The court considered the case in simplified proceedings without summoning the parties. The defendant did not file a response or provide evidence of debt repayment, so the claim was fully satisfied. This case shows that the company is involved in litigation not only in the context of public procurement but also in its relations with the market system operator, Ukrenergo, although the amount of recovery in this case is relatively small.

Second: In 2025, ELECTRYKA UKRAINY LLC is involved in commercial case No. 914/1402/25, which is being considered by the Commercial Court of Lviv Region at the request of the prosecutor's office in the interests of the state. The subject of the dispute is the legality of additional agreements to the contract for the supply of electricity to the municipal hospital of Kremenchuk, which, according to the prosecution, unjustifiably increased the price of electricity and caused an overpayment of budget funds in the amount of more than 1.36 million UAH. The consideration of the case has been suspended until the Grand Chamber of the Supreme Court issues a decision in a similar dispute, which should establish the final legal position on the admissibility of a phased increase in the price of electricity within the framework of public procurement. Thus, the case is awaiting a key court ruling of national importance.

ELECTRYKA UKRAINY LLC is not directly involved in litigation or media investigations. At the same time, the presence of a "mirror" company with existing court cases forms a clear risk marker. Under such conditions, in procurement, it is advisable to pay closer attention to companies' connections, their behavior at the auction, and possible changes in prices and contract terms after their conclusion.

LEADING ENERGY COMPANY LLC

The company won 1 electricity purchase for UAH 11,160,108.24. The procedure was conducted with competition, which formally meets the requirements for open bidding; however, the contract's financial volume stands out significantly compared to other participants.

LEADING ENERGY COMPANY LLC, registered on July 25, 2025, in Kyiv, has a YouControl trust rating of “C”. The company’s director is Ksenia Martieva, the ultimate beneficial owner with a 100% stake is Olena Butkova, registered in the Luhansk region, Severodonetsk city, which is currently in the temporarily occupied territory. According to the submitted declarations, until 2019 inclusive, Butkova held a position in the civil service as a chief specialist in the notary department of the Main Territorial Department of Justice in the Luhansk region. She is also a member of the Bar Council of the  Luhansk region.

As for the company’s director, Martieva Ksenia, open data records show that she previously worked as the chief accountant of ENERGUM LLC. Among the founders of this company is the Closed Undiversified Venture Corporate Investment Fund “ASVIO CAPITAL” JSC, in which the beneficiary with a 70% stake is Vyacheslav Suprunenko, known as the former son-in-law of the ex-mayor of Kyiv, Leonid Chernovetsky. Suprunenko is a publicly recognizable figure associated with large-scale business activity in subsoil use, the privatization of state assets, and real estate.

According to the publication Business Censor, in 2023–2025, structures associated with Vyacheslav Suprunenko actively bought up peat deposits in the Lviv, Volyn, and Rivne regions, received special permits for the use of subsoil, privatized entire property complexes of state-owned enterprises, and also acquired industrial, production, and brand assets (in particular, “Volyntorf”, “Ukrtorf”, “Agrobiostandard”, “Geomine”, “Odesavynprom”, assets of “Kyivkhlib”, “Rosinky”, etc.). This activity is characterized by rapid asset scaling and concentration across various sectors of the economy during the war period.

Formally, LEADING ENERGY COMPANY LLC is a newly created player in the energy market, which has been operating for less than half a year; however, it has wonin which key beneficiaries include structures linked to public energy tenders worth tens of millions of hryvnias. At the same time, the director’s managerial background is associated with companies in which key beneficiaries include structures linked to Vyacheslav Suprunenko, a businessman with broad influence and significant investment opportunities. There is no direct evidence of Suprunenko’s control or participation in this energy company's activities, but the combination of rapid market entry, winning tenders, and personnel connections with large financial and investment groups warrants increased attention in the context of further monitoring.

Companies related to DTEK Group (YASNO brand): "YASNO+" LLC

The company was awarded 17 electricity purchases totaling UAH 50,857,358.02. Of these, 15 procedures were held with competition, and 2 without. In terms of financial indicators, the company significantly exceeds the contract volumes of most other suppliers in this segment.

TOV "YASNO+" was registered on July 17, 2023, in Kyiv, and has an average YouContro trust rating of "C". The founders of the company are D. Solutions B.V. (Netherlands) and Rinat Akhmetov.

English name - YASNO+ Limited Liability Company.

According to the registers, Akhmetov has 100% indirect influence through the ownership structure and voting rights. The company is part of the DTEK group and operates under the YASNO brand, which is well-known in the Ukrainian energy market.

Rinat Akhmetov's figure is well known nationally: his business, political, and economic presence in Ukraine is widely covered by the media. Over the period 2011–2025, more than 700 media mentions were recorded in open sources, reflecting the scale of the DTEK group's influence in key sectors of the economy, particularly the energy sector. This is not an assessment, but rather a statement of the figure's public recognition and weight.

At the same time, journalistic investigations and court materials have repeatedly described risky practices in public electricity procurement, in which companies of the DTEK group or those associated with the YASNO brand appeared. In particular, the materials of the Information Agency “Anti-Corruption Human Rights Council” refer to procurement for budgetary institutions, where a typical scheme is described: after a tender with the “most advantageous” offer, a number of additional agreements are concluded within a short time, by which the price of electricity gradually increases by 20–30% or more. As a result, the actual cost of the contract can increase by two to three times compared to the initial one, which directly contradicts the logic and restrictions of the Law of Ukraine “On Public Procurement”.

One of the publicly known cases concerns Kryvyi Rih, where, according to court materials, the amount of UAH 2,893,067 was received as a result of such a mechanism. On December 18, 2024, the Commercial Court of Dnipropetrovsk Region in case No. 904/4551/24 considered the prosecutor's office's claim to invalidate eleven additional agreements to the electricity supply agreement concluded in 2021. It is indicative that, in some periods, additional agreements were concluded literally within a day of each other, which appears to be a systematic, planned price adjustment. Similar cases, according to open registers, are not isolated and include purchases for educational and social institutions, including those working with children with disabilities.

Against this background, the financial indicators of YASNO+ LLC stand out significantly among other suppliers: the volumes of concluded agreements exceed those of most market participants, even those who participated in several procurement procedures. This indicates the company's dominant position in the budget customer segment.

YASNO+ LLC is part of a large energy group with colossal financial and administrative resources. Formally, the company itself may not be a party to specific litigation, but its close integration into DTEK structures and the YASNO brand automatically places it within the context of long-standing, systemic discussions on the transparency of pricing in the electricity market for the budget. Under such conditions, the key issue for further monitoring is not individual contracts, but the very model of work of large energy groups in public procurement, where the asymmetry of influence between the customer and the supplier can create persistent corruption risks.

Conclusions

The analysis of electricity purchases in December 2025 shows that the market appears diverse in terms of the number of suppliers, but remains highly financially concentrated. The absolute dominant of the segment is companies related to the DTEK group (YASNO brand): YASNO+ LLC accounts for more than UAH 50 million, approximately 55–60% of the total funds in the analyzed electricity purchases per month. In fact, this means that, with dozens of procedures and formal competition, the key financial influence on the market is concentrated in a single large player.

At the same time, a significant share of purchases, especially among medium and small suppliers, occurred without or with only formal competition, thereby significantly limiting the effectiveness of market mechanisms. Analysis of the winners’ profiles demonstrates recurring risk markers: structural dependence on regional energy companies or large state-owned companies, participation in litigation over additional agreements, the presence of “mirror” companies with the same management, and the active participation of newly created players in procurements with large financial volumes. Under such conditions, the mere presence of competition at the bidding stage is not always a sufficient indicator of integrity.

The situation in the Kherson region attracted special attention within the monitoring, where in December 2025, a recurring practice was recorded that shows signs of systematicity. These are cases in which participants with the lowest-priced offers win the bidding, but after the procedure is completed, they refuse in writing to enter into a contract on the terms specified in the request for proposals. As a result, customers are forced to conclude contracts with the next-ranked participants at higher prices.

Such cases were recorded in at least six December procurements, and in some procedures, the situation was even more telling: with the participation of four companies, after the bidding ended, three participants refused to conclude a contract, leaving the customer with the offer at the highest price. The total difference between the lowest offers and the actually concluded contracts in these procurements is UAH 1,232,140.97.

The mass of such refusals within one month and one region indicates a systemic practice that calls into question the true level of competition in electricity procurement and the economic justification for spending budget funds. For frontline communities operating in conditions of chronic resource shortages, such scenarios have particularly sensitive consequences.

An additional analysis of electricity procurements conducted using competitive procedures (bidding), excluding direct contracts, in October-November 2025 in the Kherson region shows that the market functioned differently in previous months. In November 2025, 5 such procurements were held for a total of UAH 2.57 million, with the winners including various suppliers, in particular, OPPOZYT LLC, Energo Zbut Trans LLC, YASNO+ LLC, RTE UKRAINE LLC, and UENERGIS LLC. In October 2025, 4 procurements totaling UAH 0.94 million were held, with the winners being ENERGY 365 LLC, Zaporizhzhiaelectropostachania LLC, and YASNO+ LLC.

In both months, some procedures were conducted without competition, but there were no cases of winners refusing to sign contracts after the bidding ended. At the same time, the analysis shows that the winners of these procurements were the same companies whose profiles are reviewed in detail in the analytical report; no new or previously unused suppliers emerged in October-November. This indicates that the practice of mass refusals to conclude contracts with the lowest-priced winners, recorded in December 2025, was not observed in October-November 2025 and warrants separate attention within the analysis of this period.

To understand the scale, it is worth comparing this situation with the neighboring Zaporizhzhia region. In December 2025, 95 electricity purchases were recorded, totaling UAH 282.0 million. At the same time, in the Zaporizhzhia region, there were also cases of rejection of offers and failure to conclude contracts with winners of tenders, in particular with participants who submitted the lowest price offers, for various reasons, including the same behavior model,, failure to sign the contract by the supplier within the established perid, or written refusals to conclude the contract. In total, we are talking about 14 procedures, for which the difference between the lowest-priced offers and those actually selected amounted to UAH 6.05 million. At the same time, the nature of these cases was less uniform and did not show signs of the same behavior model being repeated by the same bidders within the same month and region, unlike the situation recorded in the Kherson region.

The key risk in electricity procurement is thus concentrated not only at the bidding stage but also at the contract conclusion and execution stages. It is through additional agreements — changes in the unit price, supply volumes, or terms — that threats to the economic feasibility of costs most often arise. For large-volume purchases and for suppliers with a dominant or related market position, the decisive factor is not the formal outcome of the auction but the parties' subsequent behavior after its completion.

We have prepared simple, understandable instructions for residents that help them, without special knowledge or complex tools, monitor purchases, identify key risk signals, and respond to potentially problematic customer decisions.

Strengthening such basic public control is especially important for frontline regions, where expenses are significant and the possibilities for competition are objectively limited.

This material has been produced with the support of the European Endowment for Democracy (EED). Its contents do not necessarily reflect the official opinion of EED. Responsibility for the information and views expressed in this publication lies entirely with the author(s).

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