“We never sought to keep the Baltic market at any price …,” Karina Tsurkan, a management board member and the head of trading unit at Inter RAO UES, said in an interview to the daily in Kaliningrad.
The sale of Russia-generated electricity in the Baltic countries had declined due to limited transmission capacity of the lines connecting the countries, due to preventive maintenance works, which took longer than expected, as well as due to competition, she said noting that the prices had gone down in the entire Nord Pool Spot trading system.
“Until now we could offer Russian electricity to the Baltic countries cheaper than the average here. Now the situation is changing, therefore we are developing new forms of cooperation. Let’s say, sometimes we sell electricity to Finland and sometimes we buy from there,” Tsurkan said.
