Transelectrica recorded net profit of 162 million RON in first half of 2023

Transelectrica’s total operating revenues decreased by 16 percent compared to the same period of the previous year (2,200 million RON in H1 2023 compared to 2,604 million RON in H1 2022), in the context of the significant decrease in revenues from zero-profit activities.

Total operating expenses (including amortisation) decreased by 21 percent in H1 2023 compared to H1 2022, influenced by lower costs in the energy market.

The costs with the acquisition of energy to cover own technological consumption (OTC) were 261 million RON, 40 percent lower (-173 million RON) compared to H1 2022, mainly influenced by the provisions of art.23^1 of GEO no.153/2022.

On 30 June 2023, the company recorded a net profit of 162 million RON.

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 percent increase in revenues (993 million RON in H1 2023 compared to 858 million RON in H1 2022) increase mainly due to interconnection revenues and transmission revenues, as operational costs (including amortisation) were reduced.

The segment of zero-profit activities reported a negative result of 41 million RON, lower than that recorded in the same period of the previous year. The regulatory framework specific to zero-profit activities contains regularization mechanisms that ensure the compensation for excess or deficit of revenues compared to the level of expenses required for conducting the respective activities