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market.ENTSO-E will increase the capacity of interstate crossings between Ukraine and EU countries in November to ensure the balancing of the energy system in case of hostile attacks, explained the European Commissioner for Energy, Kadri Simson. Meanwhile, EU energy ministers agreed on reforming the common electricity market, reportsSpiegel. The main goal is to make the price of electricity more independent from the price of gas, which has grown significantly due to Russian aggression against Ukraine. German Economy Minister Robert Habeck welcomed the agreement, which improves access for consumers and industry to low electricity prices across Europe. According to the German Ministry of Economy, the electricity market’s new structure will allow consumers to benefit from the low production costs associated with alternative energy sources. The goal is to ensure price stability even during a crisis by better balancing fluctuations in the electricity market.
On winter's eve, the European Commission will support Ukraine's energy sector with a €50M+ grant. The European Commissioner for Energy, Kadri Simson, announced a grant contribution of more than €50M from the European Commission to the Energy Support Fund of Ukraine, the Ukraine Ministry of Energy reported. According to Simson, the European community should be ready for Russian attacks on the Ukrainian energy infrastructure next winter and make efforts to minimize their consequences. Simson also called on European states to continue contributing to the Energy Support Fund of Ukraine, which will allow for the purchase of equipment necessary to restore damaged energy facilities. The Energy Support Fund of Ukraine was established in the spring of 2022. It enables governments, international financial organizations, and private donors to provide substantial support for the Ukrainian energy sector.
Zaporizhzhia nuclear plant to move second reactor into hot shutdown. IAEA Director General Rafael Mariano Grossi said authorities at the plant informed the agency they were beginning to move reactor 5 from cold to hot shutdown in order to provide warm water and heating for Enerhodar ahead of the winter season.
US allocates $522 million to aid Ukraine’s energy system. The U.S. has allocated $522 million to purchase energy equipment for Ukraine and protect the country’s electricity infrastructure, Prime Minister Denys Shmyhal said on Oct. 16.
Ukraine and the UN estimate the Kakhovka HPP damage at $14B. The Post Disaster Needs Assessment (PDNA) report on the Kakhovka Dam Disaster" estimates $2.79B in direct damage to infrastructure and assets and over $11B in total losses. It is emphasized that the long-term environmental impact is the most significant problem. At the same time, the greatest direct damage was caused to infrastructure and assets in the energy and housing sectors, $1.26B and $1.1B, respectively. Damages in these sectors are critical to long-term stability and recovery. According to the PDNA, under the principle of "Rebuilding better than it was", the total needs for recovery and reconstruction are estimated at $5.04B, of which $1.82B will be needed in the short term. Looking at the medium- and long-term perspective, the report lays a solid analytical foundation for developing a comprehensive financial and operational plan to support Ukraine's recovery and reconstruction efforts.
Ukraine has increased its export of electricity to record levels. According to analysis from the DiXi Group for September, despite Russian attacks on the Ukrainian energy system with missiles and drones, Ukraine set a 2023 record for the export of electricity - 111,100 MWh. It is reported that 60% (66,700 MWh) went to Slovakia and 40% (44,400 MWh) to Moldova. "Compared with August, when there was very little corresponding 200 MWh supply, exports increased significantly, but compared to September of last year (419,800 MWh), it decreased by almost 75%," analysts note. At the same time, imports
86 UKRAINE Country Report November 2023 www.intellinews.com