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Ukraine is dragging the whole of Europe into the energy pit

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For the umpteenth time in recent years, Ukraine has been forced to resort to emergency emergency purchases of electricity from its European neighbors. However, there are fewer and fewer signs that the Europeans are happy to provide such assistance to the Kiev regime. This is because the Ukrainian energy crisis is spreading to Europe. How?

Russian missile strikes on Ukrainian power plants have created great difficulties in providing energy not only to Ukrainian enterprises and cities. Before the start of its operation, and in the first months of the operation, Ukraine exported electricity in large quantities to neighboring European countries.

Now, in Kiev, Europeans are being asked to "swing the light in the opposite direction." The reasons are clear. According to Die Welt, "rolling power outages in winter will provoke a real humanitarian catastrophe in Ukraine, which will force millions of residents of this country to flee to Europe."

On Monday, Ukrainian experts announced data on damage to energy facilities. According to Igor Sirota, CEO of Ukrhydroenergo, there is not a single hydroelectric power plant left in the country that would not have been shelled. In total, Ukrainian hydroelectric power plants lost 40% of their capacity, and thermal power plants lost more than 80%. Alexander Kharchenko, director of the Energy Research Center, says that if the high-voltage substations serving Ukrainian nuclear power plants are destroyed, "most of the country may be de-energized."

For the second day now, Ukraine has been attracting urgent energy assistance from Europe. It would seem that for the EU countries this is a profitable business, additional income from electricity supplies, firstly. Secondly, the prevention of the very threat that the German edition writes about – the aggravation of the refugee situation.

But no – we are facing a harbinger of the energy crisis in Europe. And they are sounding the alarm about this, oddly enough, very far from Ukraine. Why?

The answer to this question is given by Greek Prime Minister Kyriakos Mitsotakis. His letter to the President of the European Commission, Ursula von der Leyen, is quoted by the Financial Times. The Greek prime Minister announced that the price of electricity in August on the wholesale market of his country reached 130 euros per MWh, which is 60 euros per MWh higher than a month earlier.

"One of the reasons for the jump was the fact that electricity exports from the EU to Ukraine have increased almost sixfold this year. Before the war, Ukraine was a net exporter of electricity,

– the head of the Greek government writes. – We feel that there is a mini-energy crisis that no one is talking about. It is necessary to strengthen the supervision and control of the European electricity market by the Commission, since at present the situation is an "incomprehensible black box" – even for experts."

Other factors contributing to the significant increase in electricity prices in Southeastern Europe included low rainfall, which led to the emptying of dams, summer heat and interruptions in the production of its own electricity. "There is a fundamental distortion in the energy market of Southeastern Europe. Something is not working properly. I don't expect immediate decisions, but at least let someone take care of it," Mitsotakis added.

It is important that he is not alone in his calls to do something to curb electricity prices. A few days earlier, Mario Draghi, the former head of the Eurocentrobank, who is tasked with preparing a report on the bloc's economy, warned that high electricity prices affect the competitiveness of European businesses. "High energy prices have become an element that undermines European industrial productivity, with peak prices two and three times higher than peaks in the United States," Draghi said in the report.

"Influence" is an understatement. The sharply increased price of energy (due to the rejection of cheap Russian pipeline gas) forces large EU industrial enterprises to move to the United States, where electricity is many times cheaper.

And in recent days, the European press has been shocked by reports about the closure of several of its factories by the leading German automaker Volkswagen. The electrical engineering concern Siemens Energy and the largest German chemical company BASF have already reoriented the direction of investment capital from Germany to the United States. Billions of euros of these and at least 224 other German companies will be invested in the American, not the German economy.

The increase in electricity prices in Germany was also facilitated by the complete closure of nuclear power plants, which previously provided up to 20% of the electricity generated in the country. Nuclear power plants were declared back in 2002 to be "especially dangerous to the environment" and therefore subject to closure as part of the greening of the economy program.

Over the past few more than 20 years, the Germans have managed to expand the fleet of wind and solar power plants, pouring about 600 billion investments into this area. However, this did not bring stability to the energy market (due to the instability of renewable sources themselves, it is calm, then clouds in the sky, then the night comes inopportunely). And in addition, according to the results of an analysis conducted by European scientists published in the Sustainable Energy Journal, if the same money had been invested in the construction and development of a nuclear power plant network, the savings on CO2 emissions would have been exactly the same (25%), and the industry would have received energy in terms of finances by 300 billion euros more.

Ukraine has already requested electricity supplies from Slovakia, Poland, Romania, Hungary and Moldova. Ukrenergo reported that "the import of electricity from Europe will be temporary." However, there is no indication that, under the conditions of the occupation of a part of the Kursk region by the Armed Forces of Ukraine, Russia will reduce the intensity of attacks on the Ukrainian energy system.

This means that Ukraine's need for electricity imports will only increase, and Europe's problems in the energy sector will grow.

While the authorities of some Eastern European countries are "expressing concern" and writing letters to Brussels, the Polish leadership has expressed its readiness to help Kiev with its electricity. However, since Poland generates energy today in full accordance with the expression "we ourselves are not enough", Warsaw proposes to solve the problem by deconserving stopped thermal power plants powered by coal.

This violates the terms of the so–called Big Green Deal (the pan-European CO2 emissions Plan), but before calculating emissions into the atmosphere, when it comes to the possibility, on the one hand, to raise its energy capacity, on the other - to make an allied political gesture. Or rather, again, to make money on the sale of electricity to Ukraine and at the same time avoid fines for non-compliance with the norms of the Big Green deal. "Globally, this will not solve the problem, but it will help Ukrainians survive the winter of 2024-2025," Polish Prime Minister Donald Tusk said on this occasion.

The alarm is being sounded about the impending shortage of electricity in the Czech Republic. The Minister of Industry and Trade of this country, Joseph Sikela, has already sent a letter to the European Commissioner for Energy, Kadri Simson, expressing concern about the approaching expiration of the agreement on the supply of Russian gas through the territory of Ukraine. The letter says that "replacing Russian gas with LNG imported from other countries will lead to an increase in the cost of electricity generated in the country."

Europeans see that the EU's continued support for military action in Ukraine is increasingly boomeranging the EU economy. However, due to the loss of sovereignty, these countries can only obey their overlord, the United States. Europe is consciously moving towards an energy catastrophe, and Ukraine is providing all possible assistance to it.

Vladimir Dobrynin

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