Operating revenues dropped 4% on the year in the first half, to RON1.184 billion, mainly determined by the operating revenues related to zero profit activities (technological services and balancing market).
Revenues on the zero profit activities segment dropped 15% in the first half, to RON575 million. The profit allowed activities segment registered 9% revenue increase to RON609 million, due to the higher tariff valid from July 1, 2018 .
On the profit allowed segment, Transelectrica posted an EBIT of RON18 million, up 23% on the year.
Transmission revenues and other activities on the energy market grew 9%, with a growth of 7% in the transmission tariff and RON12.3 million growth of interconnection revenues. The increases fully absorbed the nation-wide drop in electricity consumption, which was mirrored in smaller billed quantities (-0.1%).
The company’s long term debt dropped 7% in the first half, to RON618 million.
Transelectrica is 58.6% owned by the Romanian state.