Page 117 - RusRPTFeb21

2023 to 1.837 trillion; by 1.7% in 2024 to RUB1.868 trillion; and by 1.6% in 2025 to RUB1.897 trillion.
9.1.10 ​Utilities sector news
Oil and gas the main contributors to decline in electricity consumption in 2020​. The 2.4% y/y decline in electricity consumption in Russia last year was due primarily to there being fewer industrial consumers within the oil and gas sector, as the oil and gas sector and the transportation of oil and gas together accounted for more than 50% of the total decline in consumption. In December 2020, consumption in Russia adjusted for weather was flat y/y. We saw strong growth in electricity demand in January (+4.1% to 104.7bn MWh) due mainly to colder temperatures, as the month was colder by seven degrees Celsius on average vs. January 2020. The growth in demand is also a sign of the recovery in industrial production.
Electricity consumption in Russia fell 2.4% y/y to 1.0337bn MWh in 2020, System Operator reported today, the largest drop in electricity consumption since 2009 (-4.7% y/y) and near levels last seen in 2017. The main reasons for the decline were COVID-19 and OPEC+, which together led to a drop in electricity consumption in the oil and gas sector. Electricity consumption in the oil and gas sector fell 11.9% y/y in 2020, and electricity consumption for the transportation of oil and gas was down 18% y/y. The oil and gas sector and the transportation of oil and gas accounted for 51.8% of the overall decline in electricity consumption in Russia. Metallurgical companies saw their consumption drop 2.1% y/y, while machinery (-7% y/y), chemistry (-1.2% y/y) and wood (-8% y/y) also experienced drops. Railways decreased their consumption by 4.8% y/y, and generators decreased their own consumption by 2.4% y/y due to lower generation volumes from TPPs.
Electricity consumption adjusted for weather increased due to the connection of new consumers in the Kaluga Region (+5% y/y; agriculture and NLMK), Lipetsk Region (+2.3% y/y; agriculture and NLMK), Mari El Region (+8.8% y/y; Gazprom gas pipeline) and Irkutsk Region (+1.4%; Mechel, Ilim and pipelines). Electricity consumption also increased in the UES of East thanks to new projects from Transneft, RZD, Petropavlovsk and KolMarch The Voronezh, Kursk and Smolensk regions saw increased consumption mainly because of the NPPs in those regions consuming more electricity for their own needs.
117 ​RUSSIA Country Report​ February 2021 www.intellinews.com