Azerbaijan earned $276 million from export of electricity to this country

12:19 - 21.02.2024

February 21, Fineko/ Azerbaijan increased the volume and prices of electricity exported to Türkiye in 2023.

ABC.AZ reports with reference to the State Statistics Committee that the country exported 2.1 bn kWh of electricity to Türkiye last year.

The statistical cost of this is $276.22 million.

Thus, the volume of exports increased by 118% in value terms and by 248% in quantity.

If in 2022 each MWh of exported electricity (1 MWh = 1,000 kWh) was sold to Türkiye at the price of $82.2, then in 2023 this price was $131.4. Thus, this means an increase in price of $49.19/MWh, or 60% year-on-year.

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