Information about Russian electricity markets

The electricity model in Russia differs greatly from the Nordic market model. Russian market model is based on nodal pricing, which means that the price of electricity is calculated separately on each node.

Lappeenranta University of Technology has prepared short documents describing relevant issues regarding Russian electricity markets. The documents can be found from the right column.

Lappeenranta University of Technology has made a research "Cross-border electricity trade between the Nordic 'energy-only' market and the Russian capacity-based market". The research is financed by Fingrid Oyj. The report can be found from the right column.

A study about dynamic transmission tariff was carried out by SKM Market Predictor during spring 2015. The purpose of the study was to investigate the introduction of a dynamic tariff mechanism for the cross-border exchange between Finland and Russia. The study was funded by Fingrid.

Companies that are working in the electricity sector:

Power exchange: ATS (Administrator of Trade System) http://www.atsenergo.ru/

Grid company: FGC (Federal Grid Company) http://www.fsk-ees.ru/

System operator: http://www.so-ups.ru

Company responsible for the cross-border trade: JSC Inter RAO UES http://www.interrao.ru

Inter RAO's daughter company in Finland: RAO Nordic Oy www.raonordic.com

Useful links related to Russian electricity markets (in Russian):

Calendars 2015 and 2016. On Saturdays, Sundays and bank holidays capacity fee is not applied (marked as red color in the calendar):

Russian calendar 2018

Russian calendar 2017

Russian calendar 2016

Price in Saint Petersburg (Indices Hubs - First price zone - black line, RUB/MWh): www.atsenergo.ru

Peak load hours, when capacity fee is applied:

Planned peak hours 2018 

Planned peak hours 2017

Planned peak hours 2016