Its consolidated EBITDA reached RON224 million in January-March 2020, higher by RON150 million than in the same period in 2019. The increase was generated mainly by the electricity supply segment, which saw an increase of RON150 million versus the same period in 2019, largely due to lower electricity purchase costs, corroborated with an increase in revenue.
On the electricity supply segment, the group’s revenue grew 5.4% due to a 4% increase in electricity sale prices on the retail market and a 2% increase in the quantity of electricity supplied on the retail market and due to higher income from green certificates which had a neutral impact on the supply margin.
On the electricity distribution segment, revenue grew 3.2% mostly due to an increase in distribution tariffs which annulled the negative impact of reducing the quantity of electricity distributed.
Consolidated costs for the purchase of electricity fell 8.6% to RON1.03 billion in the first three months of 2020. This evolution was generated by the supply segment, by a 15.4% decline in the cost of electricity purchased for the supply activity, particularly due to a decrease in electricity purchase prices on the regulated segment.
Electrica Furnizare has a 20.03% market share, being leader on the regulated market, with a 53.29% share, and an 11.90% share on the competitive market (per the report of energy regulator ANRE for the first two months of 2020).
Electrica Group has some 3.8 million customers. Electrica has been privately held since July 2014, being listed on the Bucharest Stock Exchange and the London Stock Exchange.