Electricity Price | Russia — Q1 2023
Check how the Electricity price evolved in Russia, from Q1 2022 to Q1 2023.
The Electricity price in Russia decreased during Q1 2023 to 4.6 USD cent per kWh, which represents a considerable decline of 8% compared to the previous quarter’s value. On a year-over-year basis, Electricity prices in Russia increased by 31%.
The chart below shows quarterly Electricity prices, in USD cent per kWh in Russia and other selected countries in East Europe & North Asia.
For further information on the pricing of Electricity, including:
- Current prices, on a quarterly basis
- Historical pricing data since 2007
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/electricity-price-forecast
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A Little Bit About Electricity
Electricity is a vital and versatile energy source that plays a crucial role in modern society. It is easy to transport and distribute, making it an efficient way to generate and consume energy. Throughout the 20th century, electricity has become increasingly important, shaping many aspects of our daily lives. Whether it’s powering lights, facilitating communication, or powering electric vehicles, electricity is a fundamental part of our world today. Electricity can be generated from various sources, including fossil fuels such as coal and natural gas, nuclear energy, and renewable sources such as wind, solar, and hydro power. The cost of producing electricity from each source can vary, and therefore, has a significant impact on the price of electricity. For instance, conventional power plants that rely on fossil fuels often have stable, but higher operating costs, leading to relatively stable, yet higher electricity prices. On the other hand, renewable energy sources, while they can have higher upfront costs, often have lower operating costs and can lead to more competitive electricity prices over time.
About Intratec Solutions LLC
Intratec is a leading B2B provider of commodity strategic data and analyses. We are an online business whose mission is to provide reliable information about commodities, empowering companies to make accurate, high value-added decisions.
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