“The total operational revenues achieved in Q1 2021 registered 20% increase compared to the same period of last year (RON 726 mn in Q1 2021 compared to RON 603 mn in Q1 2020), mainly determined by higher electricity quantities delivered to consumers, by indexed average transmission tariff and higher balancing market revenues”, per the company’s financial report.
Compared with the same period of 2020, the total quantity of electricity transmitted in the first quarter of 2021 increased about 4% (14.93 TWh in Q1/2021 against 14.41 TWh in Q1/2020) while expenses for one’s own technological consumption were RON 29 million higher compared with the first quarter of 2020, mainly due to an 11% rise of the average price to procure electricity on the Balancing Market, which occurred in January 2021 as compared to the same period last year (from 421.85 RON/MWh to 472.29 RON/MWh), in the context of important changes introduced as of September 1, 2020 on the balancing market, when ANRE Order 61/2020 became effective.
The company’s net profit reached some RON82 million, 6% higher than in the first three months of 2020.
“The increase in profitability in the first quarter of 2021 was due mostly to a cut in all operating costs and by efficiently managing the resources available in the company’s accounts.”
Company representatives said that in the first quarter of 2021, Transelectrica accomplished 27% of the entire annual investment plan undertaken by its management for the whole year, respectively 88.4% of the value budgeted for the first three months. For 2021, the company targets an annual investment plan of over RON307 million.