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

December 16 – 22

• Ukraine needs 19 more air defense systems to protect its energy infrastructure. Without additional air defense systems, the country risks losing 4-5 GW of nuclear power plant capacity — President Zelensky.
• One of the two power lines connecting the temporarily occupied Zaporizhzhia NPP with the Ukrainian power grid was disconnected due to enemy shelling – Ministry of Energy
• The Verkhovna Rada adopted a bill in the first reading that provides for the creation of a general public investment fund to be distributed by the Strategic Investment Council.
  • Ukraine resumed commercial electricity exports in small amounts (1 GWh), while imports increased by 3% over the week (102 GWh).
  • Due to warming and increased market supply, the DAM Base index decreased to UAH 5,475.5/MWh (-8.7%).
  • The Regulator approved the electricity transmission tariff for 2025 at UAH 686.23/MWh (+30% compared to the previous year)
• The Verkhovna Rada withdrew the draft law on the construction of Khmelnytsky NPP units 3 and 4 from consideration due to a lack of support and criticism of the risks to the state and the use of Russian equipment.
• Ukraine will not continue transiting Russian gas but is ready to consider options for transiting gas from other countries, provided that Russia does not receive payment for it at least until the end of the war – President Zelensky.
• Fitch affirmed Naftogaz’s credit rating at ‘CC’, which is higher than Ukraine’s sovereign rating (RD).
• The Government approved procedures for monitoring the volume and quality of oil, petroleum products, and LPG in accordance with the requirements of European legislation.
• The United Kingdom imposed sanctions against 20 shadow fleet vessels transporting Russian oil, circumventing the price ceiling regime.