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HomeSEE Energy NewsRomania: Transelectrica reached...

Romania: Transelectrica reached six times higher profit in H1

Electricity transmission system operator Transelectrica recorded a net profit of 32.8 million euros in the first half of 2023,. That is around six times higher compared to the same period in 2022. 

At the same time, operating revenues decreased by 16% to 445 million euros due to the significant decrease in revenues from zero-profit activities. Total operating expenses decreased by 21%, influenced by lower costs in the energy market. The costs with the acquisition of electricity to cover own technological consumption amounted to 52.8 million euros, 40% lower compared to H1 2022. 

Compared to the same period of last year the total amount of electricity transmitted in H1 decreased by approximately 1.9 TWh (24.97 TWh in H1 2023 compared to 26.90 TWh in H1 2022).

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