Russia sees electricity exports to Türkiye resuming from September

Russia's sole electricity export and import operator, Inter RAO, expects electricity exports to Türkiye to resume no earlier than September after shipments were suspended throughout 2026 due to unusually low power prices in the Turkish market.

Speaking at the St Petersburg International Economic Forum, Inter RAO Chief Executive Sergei Dregval said the company had not exported electricity to Türkiye this year because market conditions made supplies economically unviable, Caliber.Az reports, citing Russian media.

"Due to unprecedentedly low prices on Türkiye's domestic market, no deliveries were made in 2026. We expect exports to resume no earlier than September 2026," Dregval told reporters.

He said any resumption of exports would depend on electricity prices in foreign markets as well as the supply-demand balance and operating conditions of the power systems in southern Russia and neighbouring Georgia.

The comments come after a sharp increase in Russian electricity shipments to Türkiye last year. According to Alexandra Panina, a member of Inter RAO's management board and head of its trading centre, Russia exported 231 million kilowatt-hours of electricity to Türkiye in 2025, four times the volume supplied in 2024.

Inter RAO is Russia's largest electricity trading company and operates across power generation, energy trading, retail electricity supply, engineering and energy technology services. The group has an installed generating capacity of around 31 gigawatts and operates in more than 30 Russian regions.

The company's largest shareholders include Inter RAO Capital, Rosneftegaz and Rosseti FSK UES, while approximately one-third of its shares are publicly traded.

By Aghakazim Guliyev