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Russia Today
13 hours ago
- Business
- Russia Today
Russian electricity supplies to China fall 44%
Moscow's supply of electricity to China saw a major year-over-year drop in the first half of 2025, according to the state-run power exporting company Inter RAO. The decline has been attributed to internal supply restrictions rolled out in response to growing demand in Russia's Far East. Russia is a key electricity supplier to China, the world's number one power consumer. In 2024, the East Asian nation accounted for a third of global power demand, according to global energy think tank Ember Energy. Electricity exports to China have dropped 44% in the first half of the year, Inter RAO CEO Sergey Drevgal told Vedomosti. He also noted that Russia's total electricity exports fell by 17.6% in 2024 to 8.53 billion kilowatt-hours. Speaking with journalists at a briefing during the St. Petersburg International Economic Forum (SPIEF), the company's head highlighted that the major decrease in supplies to the neighboring country had been caused by export restrictions prompted by soaring electricity demand in the Russian Far East and a shortage of hydro resources in eastern hydroelectric reservoirs. 'Given the ongoing restrictions, we are forced to forecast that electricity supplies to China this year will fall below the 2024 level,' Drevgal said. Last year, Russia's power supplies to China amounted to 0.9 billion kilowatt-hours, marking a major decrease compared to the 3.1 billion kilowatt-hours recorded in 2023. Drevgal added that electricity exports to Kazakhstan (the biggest importer of electricity from Russia) and Mongolia are expected to remain high in 2025. The CEO also said that the volume of electricity exported to Kyrgyzstan will directly depend on the transmission capacity of the power grid in neighboring Kazakhstan. He refrained from forecasting the overall volume of electricity exports, saying that the final outcome will depend on a number of factors, including electricity consumption trends in Russia and abroad, price dynamics in domestic and foreign power markets, exchange rates, and other variables.
Reuters
a day ago
- Business
- Reuters
Russia's InterRAO says electricity exports to fall 4% this year because of lower supply to China
ST PETERSBURG, June 24 (Reuters) - Russian electricity exports are down by about 4% so far this year because of a big drop in supplies to China, and are projected to fall by the same amount for the whole of 2025, the head of state energy holding InterRAO ( opens new tab said. InterRAO, the sole operator for Russia's electricity imports and exports, saw its total exports fall by 17.6% in 2024 to 8.53 billion kilowatt-hours. This decline was driven by restrictions in the Russian Far East power system, which curtailed exports to China. Kazakhstan accounted for nearly 54% of Russia's electricity exports in 2024, making it the country's largest export market. "As of mid-June, total electricity exports have decreased slightly - by about 4%. This is mainly due to a decrease in exports to China. The main supplies are to Kazakhstan and Mongolia, where we expect export volumes to remain high," InterRAO head Sergei Dregval told reporters. "We expect (exports) to be about the same for the year - minus 4%," he said. Dregval said future export volumes would depend on several factors, including domestic and international electricity prices and the rouble exchange rate. Exports to China have dropped by 44% since the start of 2025, Dregval said, attributing the decline to export restrictions prompted by surging electricity demand in the Russian Far East and a shortage of hydro resources in eastern hydroelectric reservoirs. Given these ongoing constraints, InterRAO expects electricity exports to China this year to be below 2024 levels. The company, which also owns generating assets in Russia and abroad, expects electricity production at its Russian assets to grow by about 1-2% in 2025, Dregval said. In the first half of the year, production in Russia is expected to reach 65 billion kilowatt-hours, which is 2% higher than last year's level, he added.
