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Ukrainian officials warn of winter-long power deficit

KYIV (Reuters) - Ukrainian officials said on Friday the country's energy system was stabilizing after the latest round of Russian air strikes but warned that a power deficit was...
Ukrainian officials warn of winter-long power deficit © Reuters. FILE PHOTO: A vendor waits for customers in a small store that is lit with candles during a power outage after critical civil infrastructure was hit by Russian missile attacks, as Russia's invasion of Ukraine continues, in Odesa, Ukraine December 5, 2022.

KYIV (Reuters) - Ukrainian officials said on Friday the country's energy system was stabilizing after the latest round of Russian air strikes but warned that a power deficit was likely to last throughout the winter.

Eight waves of attacks, most recently on Monday, have targeted Ukrainian energy infrastructure since mid-October, plunging swathes of the country into darkness as utilities workers have raced to complete repairs.

"We will say it openly - that this winter we will be constantly living amid restrictions on electricity consumption," Prime Minister Denys Shmyhal told a government meeting.

He added that he was ordering his energy minister to ensure that critical infrastructure, medical facilities and the country's defence industry were prioritised for receiving electricity.

Shmyhal's comments came hours after Volodymyr Kudrytskyi, head of Ukrainian state grid operator Ukrenergo, told reporters that at the current rate of power generation "a deficit will exist at least during the autumn-winter period".

But he also credited Ukrainian air defences with softening the blow from the latest wave of Russian strikes and said the energy system was returning to "a stable regime of functioning".

Kudrytskyi said more than 1,000 missiles and drones had hit the energy infrastructure since October.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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