The authorities of the member states of the Eurasian Economic Union (EAEU) suggested to Belarus a way to pay off Russia for a loan issued for the construction of the Belarusian nuclear power plant (BelAES), writes Kommersant. In this way, a payment for the transit of electricity supplied for export can become.
In an interview with the publication, the head of the energy department of the Eurasian Economic Commission (EEC) Vadim Zakrevsky said that the EAEU leadership is discussing the possibility of creating a Common Electricity Market (OER). Moreover, it may appear even before the formation of a similar gas market, which was previously opposed by Minsk.
It is assumed that the OER may appear by 2025. It will allow the EAEU countries to trade electricity among themselves and with external buyers through authorized operators. At the same time, within the framework of the single market, a common pricing mechanism will be created for all, primarily for the transit of electricity through the territory of the participating countries.
Currently, each of them exposes the cost of transit through their territory ex post facto, which makes it difficult for potential suppliers to calculate profitability and makes deliveries unattractive for them.
Until this year, only Russia was involved in the supply of electricity to foreign markets. In 2019, she sold Finland seven billion kilowatt / hour for 21.9 billion rubles and Lithuania – 6.3 billion kilowatt / hour for 20.5 billion rubles. However, in the case of the creation of the OER, Belarus can join the export, which has a surplus of electricity due to the construction of the BelNPP.
Its construction was carried out with funds from a loan provided by Russia in the amount of $ 10 billion. Thus, the price of electricity transit for deliveries from Belarus to Finland through the territory of Russia may include a loan fee.