BAKU, Azerbaijan, April 25. Moody’s Investors Service predicts disruptions in energy flows between European countries due to increased cyber-attacks on electricity transmission system operators (TSOs), Trend reports via Moody’s.
The recent cyber-attack on Ukraine’s power grid shows that another attack is not an exception and is quite likely, Moody’s said.
According to the research, while the further growth of the EU interconnector is planned, the increased risk of cyber-attacks impacting multiple countries may lead to energy imbalances across borders.
As Moody’s forecasts, the interruptions in the work of neighboring European countries will be greatest if the affected country has significant flows of connected networks, and if these countries are significant net importers of electricity and have low reserve margins, that is, limited opportunities to cover unplanned supply shortages.
“While accelerated net-zero ambitions will ultimately provide greater energy independence, the resulting increase in an intermittent generation will lead to greater price volatility and higher balancing costs for European electricity TSOs,” Moody’s said.
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