Macroeconomic trends in 2025Sources: Rosstat, JSC SO UPS, the Bank of Russia.

The inflation rate in 2025 as a whole reached 5.6% against 9.5% in 2024.

The Russia’s gross domestic product (GDP) in 2025 amounted to RUB 214 trillion. The index of physical volume of GDP for 2025 compared to 2024 was 101.0%. The GDP deflator index for 2025 against 2024 prices stood at 104.5%. The industrial production index in 2025 compared to 2024 was 101.3%.

Another factor determining the state of the Russian economy as a whole and affecting the electric power industry is the Bank of Russia’s key rate, which decreased by 5 points in 2025, from 21% on 1 January 2025 to 16% on 31 December 2024.

Electricity generation by the UES of Russia’s power plants in 2025 amounted to 1,166 billion kWh, which is 1.2% lower than the actual output in 2024, which corresponds to a decrease of 0.9% excluding the impact of an additional leap-year day.

The volume of electricity consumption within the UES of Russia in 2025 amounted to 1,161 billion kWh, which is 1.1% lower than the corresponding indicator in 2024 in absolute terms, which corresponds to a decrease of 0.8% excluding the impact of an additional leap-year day and a decrease of 0.3% excluding the influence of the temperature factor.