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Core Viewpoint - China's decision to suspend electricity imports from Russia reflects significant changes in its power industry and highlights the challenges faced by Russia in the current energy landscape [1][12]. Historical Context - Over a decade ago, China faced electricity shortages in the Northeast, leading to the establishment of long-term contracts with Russia for electricity imports, which were mutually beneficial [3][5]. - The agreement included a total electricity delivery of 1,000 billion kilowatt-hours, with annual imports ranging from 35 to 45 billion kilowatt-hours [3]. Recent Developments - As of January 1, 2026, China officially ceased using the electricity transmission line with Russia, resulting in a near-zero export of electricity from Russia to China [5]. - In 2023, China's total electricity consumption exceeded 10 trillion kilowatt-hours, with industrial electricity demand growing at a rate of 4% to 6% [5][10]. Price Dynamics - The primary reason for halting imports is the rising cost of Russian electricity, which has increased by 42% in 2023, making it more expensive than domestic electricity [7][10]. - The cost of purchasing Russian electricity is now over 10% higher than using domestic sources, leading to a significant reduction in cross-border electricity transmission [7][10]. Supply Chain Changes - The increase in electricity prices in Russia is attributed to sanctions following the Ukraine conflict, which have disrupted the supply of essential components for power generation [8][10]. - In contrast, China's investment in renewable energy sources has led to a surplus of cheap electricity, making imports from Russia less attractive [10][12]. Strategic Implications - The suspension of Russian electricity imports signifies a shift in China's energy strategy, showcasing its confidence in domestic power supply capabilities [12][16]. - This decision indicates a new phase in Sino-Russian economic cooperation, where price and efficiency are prioritized over mere political relations [14][15]. Future Outlook - The transition to a self-sufficient and competitive electricity market positions China favorably in the global energy landscape, emphasizing the importance of reliable and affordable power for future technological advancements [15][16].