The Ministry of Energy commented on the information that wholesale electricity prices reached a historical record level in December. The ministry stressed that it is wrong to focus on price changes at this time and not sensationalism. About this Ministry of Energy stated on your telegram channel. Formerly “Kommersant” knowledgeableHe said wholesale electricity prices in the European part of Russia and the Urals have increased by about 12% compared to 2021 since the beginning of December. Currently, the price date has reached a maximum of 1.8 thousand rubles. The newspaper stated for 1 MWh.
“It is wrong to focus on price changes right now, their dynamics depend on the nature of electricity production and supply-demand levels. Prices are established one day before the actual electricity supply and the main selection criterion is the competitiveness of the price offers. Peak values were local and short-lived. And already from December 25, prices returned to their normal values for this period. There is no sensation here,” the ministry stressed.
The Ministry of Energy added that electricity tariffs are set by the state and are not tied to prices in the wholesale market. The ministry said that the adjustment of tariffs for the population corresponds to the forecast parameters for the socio-economic development of Russia.
The Ministry of Energy emphasized that the cumulative sum of wholesale electricity prices is significantly below inflation.