Azerbaijan, Russia to fix imported electricity prices for Q2 by late march

Azerenergy told APA-Economics that the parties will set prices this month. The prices are not ruled out to be left as the present.

As per the agreement reached January 15, Azerbaijan is importing 200 to 250 megawatts of electricity (some 1bn kilowatt a year) in peak consumption hours at a price of 3.636 cents per kilowatt, close to 3.6 cents in 2006. The agreement is for the full year while the prices were for the first quarter.

Azerbaijan also raised the price of electricity being sent to Russia at nights to 1.8 cents from 1.58 per kilowatt.

Azerbaijan imported 0.7bn kilowatts of Russian electricity in 2006.