CNTEE Transelectrica SA recorded a net profit of 158 million RON in the first quarter of this year, up 58% compared to the same period of the previous year, according to a company report, sent to the BVB on Wednesday.The segment of activities with allowed profit recorded a positive result of 129 million RON in Q1 2025, compared to 109 million RON achieved in Q1 2024, under conditions in which operating income increased by 55 million RON, correlated with a smaller increase in expenses (including depreciation), respectively by 35 million RON.The increase in operating income (587 million RON as of March 31, 2025 compared to 532 million RON as of March 31, 2024) was mainly influenced by the increase in income from the regulated tariff, in the context of the increase in the tariffed quantity of energy (+2.6%), income from the allocation of interconnection capacity and income from ITC.Revenues from transportation and other revenues from the energy market recorded an increase of 70 million RON, respectively from 506 million RON in Q1 2024 to 576 million RON in Q1 2025, mainly influenced by the increase in the quantity of electricity and the tariff approved by ANRE, which led to an appreciation of revenues from the regulated tariff by 62 million RON (+15%) compared to the same period of the previous year.Revenues from the allocation of interconnection capacity also increased (+24 million RON), reaching 69 million RON in the period January - March 2025 (from 45 million RON in the same period in 2024), an increase influenced by the price formation model based on supply and demand. Implicit allocations, which simultaneously provide for capacity and energy, are strongly influenced by variations in the price of electricity on European exchanges, Transelectrica mentions in its report to the BVB.The 8% increase in operating expenses, including depreciation (458 million RON in Q1 2025 compared to 423 million RON in Q1 2024) was mainly influenced by the increase in system operating expenses, RET maintenance expenses, personnel expenses, and depreciation.The changes introduced by GEO 32/2024 led to a gradual exit from the support scheme and a return to competitive market mechanisms, Transelectrica specifies. As a result, starting with January 1, 2025, the energy necessary to cover CPT (own technological consumption, ed.) was purchased in a proportion of about 50% through bilateral contracts, at an average price higher than the similar period in 2024.The elimination of the centralized electricity purchasing mechanism (MACEE), increased consumption and low temperatures since February 2025, which led to increased imports in the context of lower hydro production, generated an increase in energy prices on short-term markets compared to the similar period in 2024.The zero-profit activities segment recorded a positive result, as of March 31, 2025, in the amount of 57 million RON, up by 39 million RON compared to the result of 18 million RON achieved in Q1 2024, under the conditions in which revenues/expenses on the balancing market were more than two times lower in Q1 2025 compared to Q1 2024.For the activity of system services/balancing capacity, according to ANRE regulations, the surplus/deficit of income compared to the recognized costs resulting from the performance of this activity is to be compensated by ex-post tariff correction (negative/positive correction) applied by ANRE in the tariff in the years following the one in which the respective surplus/deficit was recorded.In the first quarter of 2025, there was a slight decrease, by 0.5%, in net domestic consumption, and a 16% decrease in net energy production. In February 2025, electricity consumption at the SEN level registered an increase of approximately 6%, the other two months registering decreases, January approximately 2% and March approximately 4% respectively.Over the first quarter of 2025 as a whole, technological own consumption in the electricity transmission network decreased by 4.7% compared to the same period in 2024, especially as a result of more advantageous physical flows on the interconnection lines on the borders with Ukraine, Hungary and Moldova and more favorable weather conditions in the first two months, characterized by lower amounts of precipitation, which determined the reduction of corona losses.As Transmission and System Operator (TSO), Transelectrica ensures the safe operation of the National Power System (SEN) and the permanent improvement of the technological performance and adequacy of the Electricity Transmission Network (RET).CNTEE Transelectrica SA holds the position of natural monopoly on the Romanian electricity market, being the first company with majority state capital listed on the Bucharest Stock Exchange under the "A Strong Market - Capital Market Development" program. The company's main shareholder is the Romanian State, through the General Secretariat of the Government, with almost 58.7% of the shares.
Update: Bucharest Mayor Nicusor Dan won the Romanian presidential election on May 18, according to the official vote count. With 98.5% of the ballots counted, Nicusor Dan had 54.17% of the votes, 900,000 more than his opponent, nationalist George Simion. A record turnout both in the country and abroad helped Dan come back from 1.88 million […]
Romanians showed up in record numbers to vote in the second round of the presidential elections, both in the country and abroad. The exit poll results presented on Sunday evening pointed to a strong lead for Bucharest’s pro-EU mayor Nicusor Dan (54%-46%), but are only relevant for the domestic vote. Both candidates claimed victory in […]
Romanians showed up in large numbers to vote in the second round of the country’s presidential elections, one of the most important democratic tests Romania has seen in the last three decades. At 14:00, exactly halfway through the voting process in the country, over 5.63 million Romanians have cast their votes, compared with 4.52 million […]
Romanians abroad have mobilized massively to vote in the second round of the country’s presidential elections. Update: By Sunday afternoon (15:00 Bucharest time), over 1.2 million Romanians have voted abroad for the country's next president. That's some 220,000 more votes than the overall total in the first round. The countries with the largest turnout are […]
Romanians abroad have mobilized massively to vote in the second round of the country’s presidential elections. The vote in Diaspora started on Friday morning, and by Saturday evening (at 19:00), over 609,000 Romanians had already cast their votes. The turnout is almost 90% higher than the one recorded at the same time in the first […]
It's almost impossible to think about anything not related to elections this weekend but if you should need some distraction, there are options. Happening now is the European Film Festival, screening recent productions from the continent, very varied in theme, tone, and genre. The fest is playing Bucharest, Sfântu Gheorghe and Timișoara until Sunday and […]
