The Power import in Russia reached 3,284 GWh in 2020
The indicator recorded a historical decline at a CAGR of 20% between 2017 to 2020
Russia’s Power import recorded a YoY growth in 2020
Russia is a net exporter of electricity. It exported more electricity in 2000 than imported. In 2020, the country exported more electricity compared to imports. In 2010, electricity imports were significantly slow compared to the total electricity exports as power generation in the country increased significantly. Electricity exports declined in 2020 as compared to 2019 as the annual power generation declined in 2020 as the COVID-19 pandemic resulted in reduced power demand.
Grid Interconnection
Russia has extensive grid interconnections with the neighboring Baltic nations of Estonia, Latvia, and Lithuania, as well as Belarus, Ukraine, Kazakhstan, Azerbaijan, Norway, Mongolia, China, and Finland. Russia imports and exports electricity to its neighboring countries based on demand. Inter RAO UES is responsible for the export and import of electricity in the country.
Challenges
High level of government monopoly in the power market is deemed to be the most challenging factor hindering the growth of the market. The Russian government continues to hold a large influence on the power sector. The entire transmission sector is still owned by the government, and the largest power generation companies in the country are also state-owned. While the reorganization of the power sector was ended in 2011, including the endeavor to privatize it, it has not been fully realized and a lot remains to be achieved. Continued overarching government influence on the power sector means that the investment that is sorely needed to replace fast-obsolescing technology is difficult to come by.
Another challenge to the Russian power sector is the slow pace of technology transition. A large section of power sector in Russia is still using old technologies. For instance, the transmission system in Russia is not synchronized to the European system, and therefore the import and export of electricity remains a major area of concern. The EU has repeatedly appealed for a unified system across Europe, which would help conserve electricity and provide for its seamless transfer from areas that have a surplus to areas that are deficient. Although Russia is not a member of the EU, it could support the efficient use of electricity by synchronizing its grid to European standards.
France
Germany
Germany
Italy
France
Japan
South Korea
Spain
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer