Operating revenues reached RON7.6 billion, 16.1% higher than in 2022.
„Effective 1 January 2023, the Company is a seller under the Centralized Electricity Acquisition Mechanism (“MACEE”), set up under the Government Emergency Ordinance no. 153/2022, for the period 1 January 2023 – 31 March 2025. The Romanian Electricity and Gas Market Operator OPCOM S.A., as sole purchaser, according to Article 2 and Article 3(2) of the Government Emergency Ordinance no. 153/2022, buys electricity from producers at the price of 450 RON/MWh and sells it to buyers at the same price. During 2023, the Company sold via MACEE a quantity of 4,938,911 MWh at the price of 450 RON/MWh (with Tg included), and of 447.47 RON/MWh (without Tg), which accounts for 47.02% of the total electricity sold during the period,” reads the company’s report.
EBITDA reached RON3.1 billion in 2023, down 13.1%, while operating expenses rose by 43.6% to RON5.1 billion.
The company’s shares have added 11.5% in the past 12 months and lost 1.2% this year, amid a RON14.6 billion capitalization.
(English version by Catalina Apostoiu)