Eletricity Sales

The total volume of electricity sales in 2009 amounted to 33,998 million kWh, 21% less than total volume of electricity sales in 2008. Although the total volume of inhouse electricity sales on the Wholesale Market in 2009 reduced by 26% vs. 2008, the total volume of purchased electricity sales grew by 4%.

This could have been caused by lower prices for electricity on the non-regulated sectors of the market compared to established tariffs under regulated contracts.

The total volume of sales on the retail market remained almost at the same level having reduced by 7.5 million kWh (or 0.8%). The largest supplier of electricity for the retail market is Kirshinskaya GRES.

In 2009 the volume of purchased electricity grew by 23% due to reducing of prices on the DAM.

Electricity in the segment of non-regulated bilateral contracts was purchased by entering into exchange traded NCEC on the ARENA energy exchange that started operating in 2008.