Forecast of economic and electrical power industry recovery in 2021

According to the forecast of the social and economic development of the Russian Federation for 2021 and the target period of 2022 and 2023Source:, in 2021, the pace of economic recovery will be influenced by some competing factors:

  • the negative impact of residual quarantine restrictions, as well as changes in consumer behaviour (deterrent);
  • the implementation of the effect of the monetary easing (support factor);
  • further normalization of budget expenditures after their build-up in 2020 to prevent the spread of new coronavirus infection and support the economy (deterrent).

Taking these factors into account, GDP growth in 2021 is projected to be 3.3%, in 2022–2023 – at least 3%. GDP growth will be based on the expansion of domestic demand, both consumer and investment.

At the same time, the increase of power consumption in Russia in 2021 to the level of 2019 and its possible exceedence by 0.5% are expectedSource:

The Company's strategic objectives developed taking into account ones of Rosseti Group and approved by the Company's Management Board (Minutes No.7/2017 dated April 12, 2017), include the following aspects: