In January to September, state-owned Nuclearelectrica registered a net profit of 99.8 million lei (EUR22.5 million), compared with RON313.6 million in the year-earlier period.
“The decrease of net profit mainly reflects the decrease of selling prices on competitive market (-19% y/y) that were not compensated by the lower quantities sold on the regulated market (-29% y/y) and the impact of tax on special constructions amounting at RON67 million for the first nine months of 2014,” Nuclearelectrica said in a statement Friday.
As a result of lower power prices, the operating revenue fell 11% on the year to RON1.32 billion, though the production declined by just 1% to 7.98 terawatt-hours.
Nuclearelectrica operates Romania’s sole nuclear power plant, which ensures around 20% of the country’s electricity consumption.