Belarus’ electricity export down 45.8% in Jan-May 2020 to 409.7m kWh
<p> MINSK, Jul 30 - PrimePress. Belarus’ electric power export reduced by 45.8% year on year in Jan-May 2020 409.7 million kWh, according to the official statistics. </p> <p> </p> <p> In monetary terms, Belarus’ electricity export fell by 47.4% year on year in Jan-May 2020 to $20.547 million. </p> <p> </p> <p> The decline in electricity export, both in physical and monetary terms, reflects the price situation in the market as well as falling demand in global and cross-border energy markets against the background of the COVID-19 pandemic. </p> <p> </p> <p> Belarus exports electricity to the Lithuanian sector of the Nord Pool Spot Electricity Exchange, abiding by the rules for electricity trade in the Baltic States, according to which electricity can be supplied from third countries (including Russia and Belarus) in the day-ahead mode without long-term contracts. Therefore, the volume of Belarus’ electricity export is primarily determined by electricity prices in Belarus and in the Baltic States. </p> <p> </p> <p> As previously reported, in 2019, Belarus exported 2.370 billion kWh of electric energy (up 127% from 2018) worth $123.563 million (up 126% year on year). The average export price of Belarusian electric energy decreased in 2019 by 0.8% year on year to $52.129 per 1,000 kWh. End </p>
2020-07-31
Primepress
MINSK, Jul 30 - PrimePress. Belarus’ electric power export reduced by 45.8% year on year in Jan-May 2020 409.7 million kWh, according to the official statistics.
In monetary terms, Belarus’ electricity export fell by 47.4% year on year in Jan-May 2020 to $20.547 million.
The decline in electricity export, both in physical and monetary terms, reflects the price situation in the market as well as falling demand in global and cross-border energy markets against the background of the COVID-19 pandemic.
Belarus exports electricity to the Lithuanian sector of the Nord Pool Spot Electricity Exchange, abiding by the rules for electricity trade in the Baltic States, according to which electricity can be supplied from third countries (including Russia and Belarus) in the day-ahead mode without long-term contracts. Therefore, the volume of Belarus’ electricity export is primarily determined by electricity prices in Belarus and in the Baltic States.
As previously reported, in 2019, Belarus exported 2.370 billion kWh of electric energy (up 127% from 2018) worth $123.563 million (up 126% year on year). The average export price of Belarusian electric energy decreased in 2019 by 0.8% year on year to $52.129 per 1,000 kWh. End