Electricity transmission with Russia

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):

Russian calendar for 2022. On Saturdays, Sundays and bank holidays capacity fee is not applied (marked as red color in the calendar)

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 2022