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

 November 4-10

• Russia continued to attack Ukraine’s energy infrastructure. The transmission system operator used emergency support to balance the power system.
•  On November 11, due to the threat of Russian attacks on the energy sector, preventive emergency power outages were applied in Kyiv and 12 oblasts of Ukraine
•  The Cabinet of Ministers has adopted a resolution prohibiting power outages for mobile operators and security and defense facilities until June 1, 2025.
•  The occupiers returned the reactor of Unit 1 at the Zaporizhzhia NPP to a cold shutdown mode after completing welding and radiographic tests.
•  Ukraine will install and commission 900 MW of new distributed generation by the end of the year – Prime Minister Denys Shmyhal.
• The regulator has simplified the conditions for connecting producers of biomethane and other alternative gases to gas distribution networks.
• Ukrenergo’s debt to the Guaranteed Buyer for renewable energy exceeded UAH 30 billion. In addition, Ukrenergo has temporarily suspended payments on green bonds worth $825 million until the debt restructuring provided for in the agreement with the IMF is completed.
•  The NEURC has published draft resolutions on Ukrenergo’s tariffs for 2025: 95.07 UAH/MWh for dispatching and 665.26 UAH/MWh for electricity transmission (352.73 UAH/MWh for “green” electrometallurgy).
•  In October 2024, Ukraine reached the highest level of natural gas production since the beginning of the war – 1.66 bcm (+2.3% compared to 2023); for 10 months of 2024, total production amounted to 15.85 bcm (+2% compared to 2023).
• The Cabinet of Ministers approved the draft Law “On the State Budget of Ukraine for 2025” for the second reading: the planned expenditures on energy sector and subsidies to households for utility services amount to UAH 58.5 billion, and revenues from the energy sector amount to UAH 181.7 billion.