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August 8, 2022

Transelectrica reports 104 million RON net profit after first half of year, 10 pct drop

Transelectrica reported a net profit worth 104 million RON after the first half of the year, a 10 pct drop compared to the similar period of last year, according to the Half-Yearly Report sent by the company to the Bucharest Stock Exchange (BVB).

In the January – June 2021 period, the company obtained operational income worth 1.42 billion RON, an increase of 30 pct over the corresponding period in 2020, the advance being determined, mainly, by the increase in the quantity of electrical energy delivered to consumers, the increase of the average transport tariff and the increase of income done on the balancing market.

In the January – June 2021 interval, the total quantity of electrical energy billed for services rendered on the electrical energy market (28.28 TWh) recorded an increase of 7.7 pct compared to the same period of 2020 (the difference between the two periods being +2 TWh).

The internal net consumption rose by 7.5 pct and the net production of energy by 12.8 pct, according to the Transelectrica report.

“In the structure of the production mix, in the January-June 2021 period, compared to the similar period of 2020, there was a decrease recorded in the nuclear component by 11.1 pct and the renewable component by 10.2 pct. Increases were recorded in hydro sources, by 45.2 pct and from thermal sources by 13.5 pct. Analyzing the shares of the component of the net production mix for the interval January – June 2021, it can be observed that the highest share – 36.5 pct – is represented by the hydro component, followed by the thermal component (31.6 pct), and the energy produced from renewable and nuclear sources have shares worth 15.2 pct and 16.6 pct, respectively,” shows the quoted document.

The electrical energy transport company, Transelectrica, obtained last year a net profit of 114 million RON, up by 18 pct over the results of 2019, Agerpres reports.



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