The largest generating companies of Russia in the first half of the year reduced the production of electricity by 3.8% due to low demand due to warm weather, pandemic coronavirus and transactions OPEC+. Hydroelectric has been able to increase production due to high water content, so the brunt of the heat generation. As a result, TES could lose a third of net profit compared to last year, experts say, waiting for the continuing stagnation of the production of electricity before the end of the year.“” He studied the production performance of 11 major Russian generating companies with total installed capacity of 202 GW. In January—June, they produced a total of 421 billion kWh of electricity (down 3.8% year-on-year). Negative dynamics of the production connected with warm weather, the influence of the pandemic coronavirus, deal OPEC+, a drop in electricity exports, according to the company. An additional negative factor for thermal power plants has become a high water content that led to increase download hydroelectric power plants.So, the deep drop in production was shown by “inter RAO”: the Russian stations of the company generated in the first half of 47,62 billion kWh, which is 22% lower than last year. A significant decrease in the production also showed the company “Gazprom energoholding” (GEKH, controls the assets of “Gazprom”). OGK-2 in the first half of the year reduced production by 22%, to $ 22.4 billion kWh, generation Mosenergo fell by 13.6%, to 27.93 billion kWh. “Yunipro” (Russian subsidiary of the German Uniper) reported a drop of 14.1 percent to 21.8 billion kW•h “T Plus” made to 26.76 billion kWh, which is 7.8% lower than last year. Siberian generating company (SGK, included in the SUEK Andrey Melnichenko) in the first half-year increased electricity production by 20% to 31 kWh, due to the transition in its property of Reftinskaya GRES 3.8 GW, purchased from “Enel Russia” (controlled by Italy’s Enel). Excluding this station SGK also captures the reduction in production by 17% to 21.5 kWh Remaining “Enel Russia” a gas station (5.6 GW) showed a drop in production by 9.2% to 8.3 billion kWh of Hydroelectric power were in pole position: managers uploaded them in the first place because of the high water level. Hydro and pumped storage power plant RusHydro, including the Boguchanskaya station, increased its production by about a third, to 63.5 billion kWh. to Increase the managed thermal power plants of RusHydro in the far East at the expense of consumption growth in the region. Overall, RusHydro, produced 77.7 billion kWh, and the holding’s share in total electricity production of the country amounted to 14.7%.Good results also showed the company with a diversified portfolio of energy assets. So, the group En+ group increased its production by 11.5%, to 32 billion kWh due to the large share of hydropower. And the entrance��ing in GEKH TGC-1 was able to avoid a deep fall in the first six months, the company reduced total production of only 0.3%, to 15 billion kW•h “Rosenergoatom” also slightly increased the production of 0.66%, to 103 billion kWh, mainly due to the introduction of new nuclear power stations.Reported by companies, the results show a decline in operating profit in the thermal generation on average by 20-30%, says Vladimir Sklyar from “VTB Capital”. In General it can be said that thermal generation has lost a third of last year’s net profit. At the same time Vladimir Sklyar sees it as a onetime event and expects improvement in the second half as the recovery of prices on the market for days forward (RSV, competitive sector of electricity trade) and the normalization of the production plant.Short-term reductions in electricity consumption caused by spring quarantine, have come to naught, but the long-term risk reduction due to stagnation of the economy remains real, said Yuri Melnikov, senior analyst, energy Centre of Moscow school of management SKOLKOVO. “The exports of Russian oil, coal and gas in the first half decreased by at least a third of the falls TRANS-shipment in the ports. We can hardly expect that the water content in the second half of the year will be below last year’s level — summer and rainy. Thus, the decreased production of TES — long-term phenomenon,” he believes. Denis Krasnov of an ACRE estimates the drop in electricity consumption for the year in the range of 2.72 and 5.87%, which can lead to the reduction of sales of TPP on the average on 10-15%, and increase at the power station of approximately the same size.Pauline Smertin