Azerbaijan, Russia haggle over electricity prices

Azerenergy Vice-President Marlen Asgarov told that the parties will set prices by the end of March, APA reports.

As per the agreement in January, Azerbaijan is importing 200 to 250 megawatts of electricity (some 1bn kilowatt a year) in peak consumption hours at a price of 3.636 cents per kilowatt, close to 3.6 cents in 2006. the agreement is for the full year while the prices were for the first quarter.

Azerbaijan also raised the price of electricity being sent to Russia at nights to 1.8 cents from 1.58 per kilowatt.

Azerbaijan imported 0.7bn kilowatts of Russian electricity in 2006.