Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review
27.05.2026
May 18 – 24
The Cabinet of Ministers launched the second phase of the tender for the construction of new flexible generating capacity totaling 1,322 MW to balance the power grid and meet peak demand. The project provides for the distribution of capacity among regional lots, a 5-year support model with a cap price of 27.92 euro cents per kWh, and specific technical requirements for the responsiveness, flexibility, and physical protection of new facilities.
Commercial electricity imports to Ukraine rose by 10.3% to 90.1 GWh. Meanwhile, electricity exports remained at 17.7 GWh, the same as last week. Overall, import volumes exceeded exports by a factor of 5.1.
The Ministry of Economy, Environment, and Agriculture of Ukraine has submitted for public discussion a draft law on the creation of a national greenhouse gas emissions trading system (NETS), which is intended to ensure a gradual alignment with the European EU ETS model. The document provides for the phased launch of the system starting in 2028, including the creation of a registry and an auction platform, the subsequent introduction of secondary trading, and full integration with the EU market, and is intended to become a key instrument for decarbonization and the fulfillment of Ukraine’s European integration commitments in the environmental sphere.
The NEURC reported that in 2025, distribution system operators received 120,662 applications for grid connection, which is nearly on par with pre-war activity levels. Over the course of the year, more than 72,000 standard and over 7,500 non-standard connections were provided, which, according to the regulator, indicates a recovery in economic activity and the development of energy infrastructure in Ukraine’s regions.
Naftogaz received a court order from the Astana International Financial Centre authorizing the compulsory collection of approximately USD 1.4 billion from Gazprom in Kazakhstan to enforce an arbitration award issued in Switzerland regarding non-payment for natural gas transit through Ukraine.
International financial institutions and EU governments are expanding financing for Ukraine’s energy sector, combining loans, grants, and investment instruments for generation, grids, and electric mobility. Key decisions include a EUR 10 million loan from the European Bank for Reconstruction and Development to OKKO Group for the development of charging infrastructure and EUR 42 million from the International Finance Corporation for a 189 MW wind project in the Volyn region. Additionally, Germany, through KfW, is allocating EUR 46 million for the modernization of power grids, and Italy is providing EUR 10 million to the Ukraine Energy Support Fund.