Electrica general manager Ioan Rosca said in a press release the decline in revenues is due to lower electricity consumption, the loss of a number of consumers and lower electricity prices for end consumers.
In January-September, Electrica SA’s expenses dropped 12%, to RON3.18 billion.
The electricity distributor and supplier is owned by several shareholders of which the Romanian state, through the department of Energy, is the largest with 48.78%. BNY Mellon DRS owns 10.16%, several firms own a total 31.38%, while individual shareholders own a total 9.66%.