The Ministry of Energy proposed to make electricity in Russia cheaper than in China

The Ministry of Energy has developed a bill providing for measures to develop the electric power industry, which should ensure a 20 percent difference between the average price of electricity for consumers in Russia and a comparable figure in China. About this RBC told in the press service of the department.

The initiative provides for the transition from the current model of the development of the electric power industry on the principle of “demand economy” to “supply economy”. The Ministry proposes to launch a new investment cycle in the industry.

To achieve the goals, the Ministry of Energy proposes:

to introduce state management of orders for the main power and electrical equipment, as well as unify design and design solutions for the construction of power facilities; to create a specialized design institute - the public law company Rosenergoproekt. It will deal with the typing of projects, industry orders, control over pricing in the electric power industry and rational placement of energy facilities; establish a sectoral financial development institution - a state operator of financial support in the electric power industry to reduce the cost of capital allocated for investments; reduce cross-subsidization in the electric grid complex, which, according to the department's calculations, will free up resources for its development.

In addition, the Ministry of Energy is considering the possibility of reducing loan rates for electric power enterprises related to the sphere of technological sovereignty. The Ministry also proposes to reduce the requirements of the Central Bank for reservations for banks and other financial institutions that lend to the construction of energy facilities.

According to the Ministry of Energy, these measures should help develop the electric power industry, based on price restrictions. They are expected to be taken into account, among other things, in the preparation of the General Scheme for the placement of electric power facilities.

The current general scheme, calculated until 2042, was approved by the government in December 2024 and expects to introduce about 88.5 GW of new generating capacities during this period. The maximum forecasted investment in generation facilities is estimated at 40.05 trillion rubles.

The fact that electricity prices in China can become a benchmark for the development of Russian energy, also writes “Kommersant”. According to him, the corresponding instruction was given by President Vladimir Putin following a meeting at the Eastern Economic Forum (WEF).

In January, the Ministry of Energy published a draft law on the electric power industry, within which it is planned to form two institutions for the development of the industry. Director of the Department of operational management in the fuel and energy sector of the Ministry Elena Medvedeva said that the average cost of electricity tariffs for the end consumer will be 8 rubles per kWh instead of 13 rubles by 2042 when implementing the provisions of the new bill.