Power Markets
InterRAO, a Russian energy company, says that electricity exports will fall by 4% in this year due to lower supplies to China
The head of the state-owned energy company InterRAO stated that Russian electricity exports have fallen by around 4% this year due to a large drop in supplies going to China. He also predicted that the amount would fall by the exact same amount by 2025. InterRAO's total exports fell by 17.6% to 8,53 billion kilowatt hours in 2024. The decline in exports was caused by the Russian Far East's power system restrictions, which reduced exports to China. Kazakhstan will account for 54% of Russia’s electricity exports by 2024. This makes it the largest export market. "As at mid-June total electricity...