The coronavirus pandemic had a negative impact on the company, as restrictions entailed the shutdown of many businesses.
“We recorded a sharp drop in electricity and natural gas deliveries to customers particularly on the business to business segment as many companies halted operations and these decision have affected E.ON’s business as lower consumption means lower revenue,” E.ON Energie Romania representatives said, adding the company has revised its financial targets for 2020.
E.ON Energie Romania’s net profit dropped by more than 50% in 2019, to RON29.3 million from RON66.1 million in 2018.
The company planned to invest RON10.5 million this year.
Earlier this month the company launched a complete solar panel solution for its household customers seeking to produce their own green energy and lower their electricity bills. The company would buy the excess energy produced by households and deduct it from the final electricity bill. The solution is currently available in counties Iasi, Timis and Arad and will be extended to other locations in Romania in the following period.