Russian War Against Ukraine: Energy Dimension | DiXi Group Alert – weekly review | DiXi Group
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04.03.2024

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

February 26 – March 3

  • As of March 4, 390 settlements remained without electricity due to hostilities and technological disruptions.
  • The occupied Zaporizhzhia NPP remains without a backup power source, being completely dependent on a single 750 kV line. The occupants informed the IAEA on measures to “protect the facility”.
  • Winter ended without a single blackout and use of outage schedules – so the PM Denys Shmyhal. He noted such steps as the creation of a stock of backup equipment, the restoration of 90% of the main grids, the addition of over 2 GW capacity, and the increase in gas production.
  • As of late February 2024, over 1 million tons of coal had been accumulated in the warehouses of TPPs and CHPs, which is 236,000 tons more than planned – the Ministry of Energy. The capacity factor of NPPs reached 100%.
  • The CEO of Naftogaz Oleksii Chernyshov reported that Ukraine passed the winter consuming only gas of domestic production, and announced plans to increase production by SOEs to 15 bcm.
  • Due to a combination of factors, such as increased operation of RES and low consumption, a surplus emerged in the power system. As of March 2, 13 units of generating equipment at TPPs and CHPs were in reserve.
  • Exports increased more than 2 times to 43.9 GWh. On the bilateral contracts market, the Base index for March amounted to 2,409.0 UAH/MWh (-22.5%), on the day-ahead market – decreased to 2,445.5 UAH/MWh (-16.6%).
  • ENTSO-E has increased the permitted capacity of cross-border interconnectors for electricity exports from Ukraine and Moldova by 150 MW – to 550 MW. The first joint monthly capacity auction was held for the Ukraine/Moldova interconnection, thus completing the transition to European trading rules in all directions.
  • The government improved the auction model of support for renewable electricity producers. In particular, contracts for difference are introduced instead of a fixed tariff, the conditions for participation are simplified for investors.
  • Also, the Procedure for Issuing, Circulation and Cancellation of Guarantees of Origin of Electricity Produced from Renewable Sources and the Procedure for Determining the Environmental Value of Electricity were approved.
  • On March 3, the NEURC members elected Valerii Tarasyuk as Chair by secret ballot.
  • The EU Regulation establishing the Ukraine Facility, a four-year assistance program totaling 50 billion EUR, entered into force. In March, the government will approve the Ukraine Plan envisaging structural reforms – so the First Vice PM Yulia Svyrydenko.

 

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