Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review | DiXi Group
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06.06.2023

Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review

May 29-June 4 

Summary

— Russian shelling cause damages and technological disruptions on a local electricity supply level. At the same time, the operation of app.70% of main network sites that were damaged resulting from the Russian aggression was restored, according to the Ukrenergo CEO.

— The occupiers blocked the transmission of information from the Automated Radiation Monitoring System (ARMS) of ZNPP – SNRIU. The occupation “administration” of the plant is increasing pressure on the staff to sign contracts with Rosatom.

— At a meeting of the UN Security Council, the IAEA General Director Rafael Grossi announced five principles for ensuring the security of Zaporizhzhia NPP. Ukraine’s Permanent Representative to the UN, Sergiy Kyslytsya, said that these principles should be supplemented by requirements for the complete withdrawal of Russian troops from ZNPP, ensuring uninterrupted power supply to the plant and humanitarian corridors.

— During the week the situation in the energy system was under control, as it worked stably. However, the evening consumption peak (19:00-22:00) remains the most difficult period, so during these hours the available capacities of hydroelectric and thermal power plants are used, and electricity is imported.

— On 30 May, the power system was desynchronized due to an emergency situation. This led to emergency shutdowns and temporary power outages for almost 2 million of consumers in 12 regions. The emergency situation was eliminated within a few hours, supply to all consumers was restored even before the beginning of the evening consumption peak. The Minister of Energy of Ukraine, Herman
Galushchenko, instructed the State Energy Supervision Inspectorate to create a commission for an operational study of the situation.

— The Cabinet of Ministers of Ukraine increased the regulated price of electricity for the population to 2.64 UAH per kWh (including VAT). Changes were made to the Regulation on imposing special obligations on participants in the electricity market (its validity was
extended until December 31, 2023).

— The regulator published the justification of the draft decision on changing the limit prices of electricity (price caps) on the DAM, IDM and the balancing market. it is proposed to increase the maximum prices for night and day hours for DAM and IDM from the current 2,000 UAH/MWh and 4,000 UAH/MWh, respectively, to 2,706.63 UAH/MWh (+35.3 %) and 5,413.26 UAH/MWh (+35.3%). The minimum marginal price for both segments is proposed at the level of 10 UAH/MWh.

— Over 5 weeks of trading, Naftogaz purchased 383 mcm of gas of Ukrainian production. This was announced by the Executive Director of the Association of Gas Producers of Ukraine Artem Petrenko.

— Naftogaz reached agreements with investors regarding the restructuring of Eurobonds with maturities in July 2022 and November 2026. Chernyshov also reported that Naftogaz’s legal adviser developed a strategy to forcibly recover 5 bln USD from Russia in compensation, determined by the decision of the Arbitration Tribunal at the Permanent Chamber of the Arbitration Court.

— Tariffs for the transit of Russian oil through the territory of Ukraine have increased by 25% since June 1 (by 17 euros per ton) – media reports.

— The Cabinet of Ministers allowed the eRestoration programme to be applied for in paper form through administrative service centre, social security authority or notary. The amendments also provide for the introduction of selective and comprehensive monitoring
of applications for compensation and verification of the targeted use of compensation for damaged real estate, etc.

— Ukraine will be able to count on the second tranche of the program in the amount of about $900 million. As noted, the Fund expects Ukraine’s GDP growth this year to be in the range of 1-3%.

 

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform

Our platforms

https://ksep.energy/en/

Independent energy educational center

http://eiti.org.ua/

National website of Extractive Industries Transparensy Initiative in Ukraine 

http://ua-energy.org/

Information and analitical website “Ukrainian Energy UA-Energy.org” is unique   platform to inform