Thus, Electrica, in which the Romanian state owns 49%, will be able to register and trade electricity in Hungary, on the wholesale market, including the derivatives market, with operations being performed at the headquarters of EFSA, the company’s supply subsidiary.
“Societatea Energetica Electrica SA (“Company” or “Electrica”) informs the shareholders and investors that, by the Decision no H879/2022 of the Hungarian Energy and Public Utility Regulatory Authority, the electricity trading License was granted to EFSA”, mentions the RON3.5 billion company.
The action is in line with the Electrica Group’s strategy, the expansion of operations in the Hungarian market contributing to the achievement of the regional development objective in order to ensure the balance between long-term value creation and profit maximization for shareholders.
Over the past 12 months, EL shares have dropped by 23% as BET index has posted a 29% advance. The company will report its 2021 results on February 25.
(English version by Catalina Apostoiu)