icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

Russia doubles electricity exports as cold winter & hot summer ensure lucrative price environment

Russia doubles electricity exports as cold winter & hot summer ensure lucrative price environment
Exports of Russian electricity have reached a record high since 2012, according to the country’s energy ministry, which projects that this year’s sales will nearly double compared to exports recorded in the first half of 2020.

Russian sales of electricity in the first half of 2021 may amount to 10.2 billion kilowatt-hours (kWh) against 5.2 billion kWh sold in the same period a year ago. In pre-pandemic 2019, the country exported 9.3 billion kWh.

The growth was mostly boosted by the surging supplies to the Baltic States, which have more than doubled the year-on-year purchases of Russian electricity up to 3 billion kWh, while Finland has more than tripled imports to 3.9 billion kWh.

Also on rt.com Exports of Russian crude to US soared to 12-year high despite ongoing political tensions

According to the ministry, the increase in supplies this year is the result of the favorable pricing environment, which it attributed to the prolonged cold and dry weather in winter and an abnormally hot summer.

Earlier this year, Russian power supplier Inter RAO said exports of electricity in 2021 may total 18 billion kWh.

For more stories on economy & finance visit RT's business section

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.