Nuclearelectrica recorded net profit of 843 million RON, down 34.6 percent in the first half of 2024

In the first six months, Nuclearelectrica (SNN) obtained a net profit amounting to 843 million RON, down 34.6 percent compared to the same period of last year.

Operating profit (EBITDA) decreased by 27.8% compared to the same period last year, significantly influenced by a 43.2% decrease in sold electricity prices, for a similar amount of electricity sold.

Operating income decreased by 44%, mainly due to the 45.5% decrease in income from the sale of electricity, determined by the same decrease in the weighted average price of the electricity sold during 1 January – 30 June 2024, compared to the weighted average price from the same period of 2023, considering the sale of a similar total amount of electricity.

The amount of electricity sold by SNN in the first 6 months of 2024 on the competitive market decreased by 31.7%, accounting for 40.37% of the total sold quantity, and the average sale price on this market decreased by 62.2% (price without Tg).

The gross electricity production of the two operational units of Cernavoda NPP was 5,178,220 MWh in the first half of 2024 (of which 2,177,928 MWh in the second quarter of 2024); from this gross production, the own technological consumption of the Units during operation, as well as during shutdowns ensured, from own production, was 421 thousand MWh during the first half of 2024 (of which 189 thousand MWh in the second quarter of 2024).

Thus, the electricity generated and delivered in the National Energy System (“SEN”) was 4,756,587 MWh in the first half of 2024, compared to the same period of 2023 (4,920,140 MWh), representing a decrease by 3.3%. In the second quarter of 2024, the amount of electricity produced and delivered in the SEN was 1,988,598 MWh, decrease by 7.5% compared to the level recorded in the second quarter of 2023 of 2,150,500 MWh.

The net electricity production programme approved by the Board of Directors for the year 2024 (March 2024 revision) considered a quantity of 10,179,063 MWh, and for the first half of 2024, a quantity of 4,851,424 MWh is considered, being achieved in proportion of 98.0% and for the second quarter of 2024, it considered a quantity of 2,104,056 MWh, being achieved in proportion of 94.5%.