Romania’s electricity transmission system operator Transelectrica closed the first nine months of 2025 with a net profit of €36.6 million, representing a steep 56% decline compared to the same period last year. The downturn reflects a combination of shrinking revenues and rising operational costs across several business segments.
Total operating revenues fell slightly to €343 million, down 2% year-on-year. The decline was driven primarily by reduced income from technological self-consumption (CPT) transactions, lower revenues from contingency reserve services, and a sharp drop in the capitalization of CPT—together decreasing by more than €30 million. These losses were partially offset by an additional €9.2 million in earnings from interconnection capacity allocations.
Operating expenses rose to €277 million, an increase of 5% compared to the previous year. Higher spending on network maintenance, increased depreciation charges, personnel costs, and various taxes all contributed to the upward pressure. Transelectrica also pointed to the impact of regulatory changes under OUG 32/2024, which eliminated certain support mechanisms and reinstated competitive procurement rules. As a result, from January 2025 onward, around half of the energy required to cover CPT had to be purchased through bilateral contracts at significantly higher prices than those recorded in 2024.
Electricity consumption in Romania fell by 1% in the January–September period, decreasing from 39.5 TWh to 39 TWh. Domestic electricity generation contracted more sharply, dropping 7% to 35.4 TWh. Consequently, Romania’s net import position widened significantly: the gap between imports and exports surged from 1.27 TWh to 3.57 TWh, an increase of 180%.
Only three months—February, April and May—registered year-on-year growth in electricity demand, while all others experienced declines ranging from modest contractions in early January to nearly 9% in August. Over the same nine-month period, battery storage systems injected 122.74 GWh into the grid, while prosumers supplied a much larger 1,138 GWh.
