On the background of the transaction OPEC+ in June, the decline in the demand and supply in the electricity market: consumption and production fell 6% year-on-year. Due to the nature of the market the fall in demand has led to a sharp decrease of the final prices: in Siberia they fell by 4% and in the European part of Russia and Ural region even saw an increase.In June, electricity consumption in the Unified energy system (UES) of Russia declined by 6% year-on-year, to 72.9 billion kWh in the whole country, demand fell 5.9% to 74.1 billion kWh, it follows from the operational data System operator (CO, Manager of the power system). The deepest fall in demand recorded In June also continues the decline in production of electricity. Power plants of UES of Russia for the month worked out for 73.8 billion kWh, which is 6.4% less than in June last year, production in the whole country decreased by 6.3%, to 75 billion kW•h. In this case the positive dynamics continues to demonstrate hydropower, which due to the high water content again increased its production by 23.1% year on year, to 18.6 billion kWh nuclear power plant has also increased production by 0.9% to 16.4 billion kWh. In General, for six months of this year, electricity consumption in the country amounted to 526,3 billion kWh, declining by 2.7% year-on-year. Power generation for January—June — 532,3 billion kWh, which is 3.5% less than the volume of production of the same period last year. On the background of reducing demand, falling prices on the market for days forward (RSV, the sector of electricity trade), however, the cost of power (composed mainly of non-marketable allowances) continued to grow due to the introduction of new nuclear power plants and renewable energy facilities. So, from January to may, prices on day-ahead market in the first pricing zone (European part of Russia and Ural) decreased by 9.4% in the second (Siberia) to 13.7%. And the price of power, on the contrary, in the first price zone increased by 11.8%, while the second — by 7.7%, said Thursday the “market Council” (the regulator of energy markets) at the meeting of the Committee for energy of the Union. The result is a single price for the wholesale market in European part of Russia and Ural made up 2.17 million RUB over 1 MWh, an increase of 0.6%, in Siberia — 1,62 thousand rubles., a decrease of 3.8%.The main cause of falling demand — the consequences of the transaction OPEC+, says Vladimir Sklyar from “VTB Capital”. The results generally match with the expectations of Ministry, given the strong quarter and positive expectations of recovery in the second half of the year, he continues. “Falling prices the day-ahead market in June compared with the previous year slowed down: if in may they decreased by 15-17%, in June — by about 10-12%. However, this is due primarily to a base effect: in June 2019 prices began to substantially corrected after a strong first half of the year,” says Vladimir Sklyar.Pauline Smartincome Russia went to the largest ever production cuts to netikette gaveit
