CNTEE Transelectrica : Prezentarea rezultatelor financiare aferente semestrului I 2021
08/13/2021 | 03:51am EDT
Transmission and System Operator
of the Romanian Electrical Power System
We lead the power
(01.01.2021 - 30.06.2021)
Purpose, disclaimer and other cautionary statements
This presentation has been prepared with the sole intention to facilitate the understanding of Transelectrica's operational and financial results by the general investing public (shareholders. creditors. analysts. financial media). Therefore it is of a purely informative nature. This presentation is not an offer. invitation or a recommendation to trade in securities issued by the Company. The detailed financial statements and the full report prepared in accordance with capital market regulations are available online at www.transelectrica.ro.
1st January 2021 - 30th June 2021
International Financial Reporting Standards (IFRS)
not audited by external auditor
for the ease of reading. certain figures used in this presentation (tables and charts) are displayed in millions and rounded to such
unit or to one or two decimals. In some cases this led to minor differences between totals and the sum of the individual elements
thereof (rounding errors)
For year-over-year comparability purposes, in this presentation the streams of income generated from two regulated tariffs in the year 2020 i.e. transmission tariff and dispatching tariff, are presented cumulatively as a single stream of income i.e. transmission. Starting 1-Jan-2021 the two regulated tariffs i.e. transmission tariff and dispatching tariff, merged into a single tariff i.e. transmission tariff.
This document represents the English-language version of the original Romanian-language document. The English version has been created for English readers' convenience. Reasonable efforts have been made to provide an accurate translation. however. discrepancies may occur. The Romanian version of this document is the original official document. If any questions arise related to the accuracy of the information contained in the English version. please refer to the Romanian version of the document.
Full post-Covid recovery of local electricity demand
Sizeable increase in electricity production
Back to net export
*consumption/generation numbers do not include power plants' own electricity consumption. Consumption includes (i) consumption for hydro pumped storage. and (ii) energy losses in transmission and distribution networks. Cross-border net flow is calculated based on physical flows (export-import) aggregated across borders
Starting 1-Jan-2021 the two regulated tariffs i.e. transmission tariff and dispatching tariff merged into a single tariff i.e. transmission tariff
Pass-throughsegment - balancing process with two sub-processes i.e. capacity (stand-by reserve) and energy:
Stand-by balancing back-up capacity services (balancing capacity services): lower y/y gain in 1H2021 driven by the tariff cut as of 1-March 2021
Energy balancing services: temporary gain in 1H2021 due to new settlement rules in place since 1-Feb-2021 (balancing financial neutrality to be achieved under a new cross-segment framework i.e. any balancing gains/losses to be offset over the next year(s) by adjustments to the transmission tariff)
Highlights | operational trends
Domestic demand - post-Covid19 full recovery in 1H2021 (+7.5% y.o.y.)
Domestic production - increase in 1H2021 (+12.8% y.o.y.)
1Q +3.7%2Q +12.1%
Jan Feb Mar
Apr May Jun
+1.1% +0.9% +9.4% +21.6% +9.7% +5.5%
Oct Nov Dec
-63%-71% +787% +45% n/a
Consumption and generation numbers do not include power plants' own electricity consumption. Consumption includes (i) energy losses in transmission and distribution networks. and (ii) consumption for hydro pumped storage. Cross-border net flow is calculated based on physical flows (import-export).
This is an excerpt of the original content. To continue reading it, access the original document here.
TRANSELECTRICA - Compania Nationala de Transport al Energiei Electrice SA published this content on 13 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2021 07:50:03 UTC.