In Russia, they found a way to reduce electricity prices

The Russian authorities have found a way to lower electricity prices. The Ministry of Energy believes that this can be done by increasing the production of hydrogen, but this will require additional capacity. This was reported by the Izvestia newspaper.

According to the ministry’s estimates, by 2024, Russian exports of hydrogen could reach 200 thousand tons. But in order to achieve this goal, it is necessary to increase the production of electrolysis enterprises and create a stable demand in foreign markets. Now the average ICUF (coefficient showing how long a power plant has been operating at full capacity) for thermal and hydroelectric power plants (TPPs and HPPs) in Russia is about 46 percent. With hydrogen production, the rate can rise to 90 or even 100 percent.

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

Earlier, the special representative of the President of the Russian Federation for relations with international organizations to achieve sustainable development goals, Anatoly Chubais, said that Russia can retain its status as a great energy power by exporting hydrogen. “Russia is able to set the task of maintaining the status of a great energy power, replacing the export of hydrocarbons with the export of hydrogen,” he is sure. According to Chubais, now the gas transmission system can use up to 10 percent of the throughput capacity for hydrogen transport.

The Kremlin has already started talking about Russia’s leadership in green energy. “The share of energy from nuclear power plants, hydroelectric power plants, wind and solar power plants in our country exceeds 37 percent,” said President Vladimir Putin and added that such competitive advantages must certainly be used. The President noted that it is necessary to increase the pace of implementation of projects in the nuclear power industry, actively develop small hydroelectric power plants and use the potential of ebb and flow.

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