Romanian energy system operator Transelectrica reports 56% decrease in profit
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year.
Radu Dumitrescu · Journalist
· Updated · 2 min read
The state-owned company Transelectrica (BVB: TEL), the operator of the Romanian national energy system, recorded a net profit of RON 183 million in the first nine months of the year, down 56% compared to the same period last year.
Operating revenues fell by 2%, to RON 1.716 billion, mainly due to the decrease in revenues from transactions covering technological self-consumption (CPT, RON 46 million lower), contingency aid revenues (RON 61 million lower), and revenues from CPT capitalization (RON 48 million lower), in the context of a RON 46 million increase in revenues from interconnection capacity allocation.
