Russian War Against Ukraine: Energy Dimension (Status as of May 3)

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

  • Almost 680,400 consumers did not have access to electricity supply, over 206,500 consumers did not have gas supply.
  • On May 1, over 80% of electricity in Ukraine was produced by carbon neutral generation (nuclear, RES, hydropower, and pumped-storage plants), according to Ukrenergo.
  • Ukraine has a 2-year reserve of fresh nuclear fuel that would allow NPPs stably operate without additional supplies during this period – Energoatom.
  •  The day-ahead electricity market shows a clear trend of restoring the volumes of
    trading and reduction in the excessive trade surplus.
  • Ukraine calls on the EU to introduce the 6th sanction package against Russia that should necessarily include an embargo on Russian oil, disconnection of all Russian banks from SWIFT, and a ban on Russian channels broadcasting.
  • The EU decision on whether or not to grant the membership perspective to Ukraine will be an important signal for the Kremlin – Minister of Foreign Affairs Dmytro Kuleba.

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