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

January  13 – 19

• On 15 January, Russia launched its first massive missile and drone attack on Ukraine’s energy infrastructure in 2025, using 43 missiles and 74 drones and targeting Ukraine’s energy facilities, including gas infrastructure.
• On 17 January, the newly appointed Supervisory Board of Energoatom elected a chairman and deputy chairman, formed committees, and approved a work plan for 2025.
• The Verkhovna Rada of Ukraine passed a law extending the moratorium on bankruptcy of state-owned enterprises in the energy sector until 1 January 2026.
• In the reporting week, commercial electricity exports from Ukraine totalled 18.1 GWh (+42%), while imports decreased by 36% to 35.3 GWh.
• The Base DAM Index increased to 5,722.9 UAH/MWh (+2.5%), while the ratio between the daily Base DAM indices of Eastern European countries (Poland, Romania, Slovakia, Hungary) and Ukraine increased significantly and fluctuated in the range of 0.93-1.70.
• The Cabinet of Ministers changed the principle of electricity pricing for consumers with electric heating: the higher price (UAH 4.32/kWh) will apply only to consumption volumes exceeding the limit of 2,000 kWh per month, while the rest of the electricity will be paid at a reduced price of UAH 2.64/kWh.
• The Parliamentary Committee on Energy, Housing and Utilities supported the amended text of draft law No. 11392, which allows Energoatom to buy VVER-1000 nuclear reactors from Bulgaria, but requires a separate law to be adopted for the construction of the power units. The Verkhovna Rada’s Main Legal Department noted that the drastic change in the subject matter of the draft law contradicts the Rules of Procedure of the Parliament.
• As of the end of 2024, the capacity of distributed gas-fired generation units connected to the grid was 167.5 MW, of which 32.8 MW were connected last year – Ukrenergo.
• In 2024, JSC Ukrgasvydobuvannya commissioned 83 new wells and drilled a record 370 thousand metres (+14% compared to 2023).
• In 2024, Russian oil transit through Ukraine decreased to 11.36 million tonnes, the lowest level since at least 2014; transit revenues amounted to UAH 10 billion or USD 250 million.
• EBRD investments in Ukraine in 2025 are expected to reach EUR 1.5 billion – Arvid Turkner, Managing Director of the EBRD in Ukraine and Moldova.