Russian War Against Ukraine: Energy Dimension (Status as of May 17)

DiXi Group has prepared its next alert on the energy dimension of the Russian war against Ukraine.

  •  App. 689,000 consumers all over Ukraine did not have electricity supply, and 207,000 consumers remained without gas supply.
  • According to the Zaporizhzhia Regional Military Administration, the occupiers were instructed to prepare the city of Energodar for the so-called “referendum” on accession to Russia. In addition, the Russian military were building fortifications around the city.
  • At the Chornobyl NPP site, anti-accident drills have been resumed to check the readiness of personnel for emergencies and accidents, taking into account the state of ChNPP facilities after the occupation and the available number of personnel.
  • In 2022, Guaranteed Buyer paid 14.2 billion UAH to renewable energy producers under the feed-in tariff: 6.7 billion UAH for 2021 volumes and 7.4 billion UAH for 2022. The average level of payments for March-May 2022 is 19-20%.
  • Ukraine submitted its proposals to the REPowerEU strategy, drawing attention to the export potential of energy system. As the Deputy Minister of Energy Mykola Kolisnyk noted, about half of 31 bcm gas storage capacity be offered to European companies for seasonal or strategic storage; while exports of electricity from Ukraine could replace 17% of Russia’s gas exports to the EU.

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