Romanian electricity transmission system operator Transelectrica reported a net profit of approximately 32 million euros in the first quarter of 2025, marking a 52 percent increase compared to the same period last year.
The segment related to activities generating allowed profit recorded a positive result of about 26 million euros in Q1 2025, up from 22 million euros in Q1 2024. This improvement was driven by an increase in operating income of around 11 million euros, while expenses, including depreciation, rose more modestly by approximately 7 million euros.
As of March 31, 2025, Transelectrica’s operating income stood at roughly 120 million euros, compared to about 109 million euros a year earlier. The growth primarily reflected higher revenues from regulated tariffs, linked to a 2.6 percent increase in billed energy volumes. Additional revenue came from interconnection capacity allocation and income related to international transmission congestion (ITC).
Revenues from energy transportation and other market operations also rose significantly, totaling around 118 million euros in Q1 2025 compared to 104 million euros in the same period of 2024. This increase was mainly driven by higher electricity volumes and an increase in the regulated tariff rate approved by the Romanian Energy Regulatory Authority (ANRE), resulting in a 15 percent rise (13 million euros) in revenue from the regulated tariff.
Income from interconnection capacity allocation improved as well, reaching approximately 14 million euros in Q1 2025, up from around 9 million euros in Q1 2024. This growth was influenced by the pricing model based on supply and demand dynamics. In particular, implicit allocation processes, where capacity and energy are jointly offered, were notably affected by fluctuations in electricity prices on European energy exchanges.
