Total operating expenses (including amortisation) decreased by 21% in H1/2023 compared to H1/2022, influenced by lower costs in the energy market.
According to the report, “the costs with the acquisition of energy to cover own technological consumption (OTC) were RON261 million, 40% lower (-173 million lei) compared to H1 2022, mainly influenced by the provisions of art.23^1 of Government Emergency Ordinance no.153/2022. Thus, on 30 June 2023, the company recorded a net profit of RON162 million. Compared to the same period of the previous year, the total amount of electricity transmitted in H1/2023 decreased by approximately 1.9 TWh (24.97 TWh in H1 2023 compared to 26.90 TWh in H1 2022)”.
“On the main area of core activities (transmission and SEN dispatching) there was a 16% increase in revenues (RON993 million in H1/2023 compared to 858 million lei in H1/2022) increase mainly due to interconnection revenues and transmission revenues, as operational costs (including amortisation) were reduced,” the report reads.
Transelectrica is 58.7%-owned by the Romanian State and its market capitalization of almost RON2 billion after its shares have gained 42.5% over the last year, amid deals worth RON74.5 million. In 2023, TEL shares have gained 24.4%.