„The net result at the end of 9M 2023 in the amount of 207 million lei, registered a decrease of 212 million lei compared to that recorded in the same period of the previous year, mainly due to the fact that in the current year the amounts recorded as income from the capitalization of OTC were below those of the same period of the previous year (2.7 million in 9M 2023 vs 279.2 million in 9M 2022). This special income, was constituted for the part of the total OTC cost that was not covered by the transport tariff. We specify that this revenue is of non-monetary nature, its collection will be made by the Company spread out through the transport tariff over the next five years (2023-2027) in accordance with the relevant legislative provisions,” reads the company’s report.
Total operational revenues of Transelectrica recorded a decrease of 32% compared to the same period of the previous year (3,308 million lei at 9M 2023 compared to 4,884 million lei in 9M 2022), in the context of the significant decrease in revenues from zero-profit activities (balancing market, technological system services) and the production of intangible assets – additional OTC, concomitant with the 2.1 TWh decrease in the amount of electricity delivered to consumers (37.44 TWh in 9M 2023 compared to 39.50 TWh in 9M 2022).
„The Company’s management applies a prudent approach towards reducing Transelectrica’s costs, and one of the main concerns is the permanent consolidation and expansion of the transmission infrastructure, by modernising it based on the most efficient technologies, thus ensuring the necessary conditions for the electricity transmission network to meet current and future market requirements”.
Transelectrica has a RON2.2 billion capitalization. In 2023, its shares have added 40%. The Romanian state owns 58.7% in the company.
„In the period January-September 2023, electricity consumption at SEN level recorded monthly decreases ranging from 2.77% in August to 11.61% in January. Thus, the first nine months of 2023 ended with a decrease in consumption of 7%, while production increased by 3%. Compared to 9M 2022 in 9M 2023 there was an overall increase in export capacity utilization, commercial exchanges for the export of energy (+68%) as well as energy transited, amid higher hydroelectricity compared to last year and lower internal electricity consumption compared to the same period in 2022”.
(English version by Catalina Apostoiu)