EU steps up support for Ukraine’s energy security and paves the way for full market integration
On 24 February, while visiting Kyiv, the European Commission offered a new support package to Ukraine to secure its energy system and enable its full integration within the European energy market.
This package will allow for the full coupling of Ukraine’s electricity market with the EU by early 2027, together with Moldova, and further integration in the EU gas sector, provided that Ukraine significantly accelerates the necessary market reforms.
It will also boost the security of supply in Ukraine and the wider region, as the Commission will assist with the necessary purchases of gas, especially through the Ukraine Facility.
The package will also accelerate investments in renewable energy, adding up to 1.5 GW of generation capacity. This represents approximately a 25% increase of total renewable energy generation capacity in Ukraine. Support will be channelled from the Ukraine Facility.
“For three years, Russia has sought to plunge Ukraine into darkness by relentlessly targeting the energy infrastructure,” European Commission President Ursula von der Leyen said. “With the package we offer today Europe will ensure Ukraine has a resilient, secure and competitive energy system. More renewable energy and full energy markets integration will bring greater energy security both for Ukraine and the European Union.”
These new measures will build on over €2 billion of EU support delivered over the past three years to increase the resilience of Ukraine’s energy system and to guarantee people’s access to energy. Support was primarily delivered via the Ukraine Energy Support Fund, the EU Civil Protection Mechanism, and humanitarian aid and proceeds from Russian immobilised assets.
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