Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance commented to the Izvestia newspaper on the increase in electricity exports from Russia.
Electricity exports from Russia have reached record levels since 2012. This is stated in the minutes of the meeting with Pavel Snikkars, Deputy Minister of Energy. In the first half of the year, supplies to Finland tripled compared to the same period in 2020, to the Baltic countries - doubled. In total, in January-June 2021, according to preliminary data, 10.2 billion kWh were exported, added by the Ministry of Energy. Such indicators were explained by a favorable price environment against the background of a long cold winter, as well as an abnormal summer heat. Also, the growth is associated with a number of decisions on the transit of energy and the completion of constructing new power plants, added by Inter RAO.
Delivery through Latvia allows you not to pay for transit through the Belarusian networks and avoid difficult moments in interaction with Lithuania, which seeks to prevent the electricity produced at the BelNPP from entering its market, Sergey Kondratiev, Deputy Head of the Economic Department of the Institute for Energy and Finance explained.
The strategy of increasing supply volumes at a specific hours implies that the company enters the energy market at the time of maximum demand, increasing the margins of supply, the analyst explained. The Baltic market is characterized by high intraday irregularities, which makes it possible to earn money on deliveries during peak hours, he added.
According to the Federal Customs Service, in the first four months of 2021, Russia's revenue from electricity exports reached $ 280 million, Sergey Kondratiev added. In 2020, Russia earned $ 480 million from shipments abroad, he said. By the end of 2021, the indicator may reach $ 1.02-1.06 billion, the analyst predicted.
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