Bank Of Baku

Azerbaijan, Russia haggle over electricity prices

Azerbaijan, Russia haggle over electricity prices
# 05 March 2007 13:53 (UTC +04:00)
As per the agreement in January, 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. /APA-Economics/
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