China has completely ceased purchasing electricity from Russia since January 1, 2026. According to data from "Ъ", this is due to the fact that export prices have for the first time exceeded domestic Chinese prices, making imports unprofitable.
The current contract between "Inter RAO" and the Chinese State Grid Corporation is in effect until 2037. However, supplies have been reduced since August 2023 due to a growing capacity deficit in the energy system of the Far East. At "Inter RAO", "Ъ" was informed that the contract has not been terminated, and the parties are "actively exploring opportunities for trade".
The Ministry of Energy clarified that exports can be resumed upon receiving a request from the PRC and reaching mutually beneficial conditions. Analysts note that for China, the volumes of Russian supplies were insignificant and easily replaceable.
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