Russia found a way to reduce electricity prices

Russian authorities found a way to reduce electricity prices. The Ministry of Energy believe that this can be done by increasing hydrogen production, but additional power will be required for this. This is reported by the newspaper Izvestia.

According to the ministry estimates, by 2024, Russian exports of hydrogen may amount to 200 thousand tons. But to achieve such a goal, it is necessary to build up the production of electrolysis enterprises and to form a steady demand in foreign markets. Now the average kium (coefficient showing how long the power plant works at full capacity) in thermal and hydroelectric power plants (TPP and HPP) in Russia is about 46 percent. With hydrogen production, the indicator can grow to 90 or even 100 percent.

At the same time, the publication notes, wholesale buyers will be able to save up to 10 kopecks from each kilowatt-hour, so that electricity savings can be 4-6 percent.

Previously, the Special Representative of the President of the Russian Federation for Relations with International Organizations To achieve the goals of sustainable development, Anatoly Chubais said that Russia could retain the status of the Great Energy Due to the export of hydrogen. “Russia is able to put the task of preserving the status of the Great Energy Power with the substitution of export of hydrocarbons for the export of hydrogen,” he is sure. According to Chubais, now the gas transmission system can use up to 10 percent of cargo capacity for hydrogen transport.

in the Kremlin has already spoke about the leadership of Russia in the “green” energy. “The share of energy from nuclear power plants, hydroelectric power stations, wind and solar power plants exceeds us 37 percent,” President Vladimir Putin stated and added that such competitive advantages need to be used by such competitive advantages. The President noted that it is necessary to increase the projects for the implementation of projects in nuclear energy, to actively develop small hydroelectric power plants and use the possibilities of tides and sings.

/Media reports.