Changes in operating results of the suppliers of last resort, members of the sales business of Inter RAO Group, reflect the following key drivers of the 2014:

  • Increased sales volumes owing to the expansion of customer base and geographic presence of the suppliers of last resort
  • Merger of Energy Holding with St. Petersburg Energy Sales company
  • An average 6.6% increase in retail premiums of suppliers of last resorts
  • Efficient debt collection effort on the part of the management team
  • Reduction of fixed costs per unit of production
Operating results of the suppliers of last resort:
Indicator Moscow Energy Sales Company St. Petersburg Energy Sales Company Saratovenergo Altai Energy Sales Company Tomsk Energy Sales Company Tambov Energy Sales Company
2014 Change, YoY 2014 Change, YoY 2014 Change, YoY 2014 Change, YoY 2014 Change, YoY 2014 Change, YoY
Revenue 254,4 5% 85,8 44% 16,9 10% 12,4 13% 12,0 34% 4,8 8%
Operating expenses 250,8 5% 85,1 43% 16,7 9% 12,0 10% 11,0 29% 4,8 7%
Sales profit 3,6 29% 0,6 - 0,2 - 0,4 827% 1,0 144% 0,03 -
Net profit 0,9 13% 0,3 35% 0,003 210% 0,2 658% 0,001 (94%) 0,01 -
Electricity sales, billion kWh 83,9 2% 34,2 38% 6,4 6% 5,2 (0,3%) 5,3 28% 1,6 (0,2%)

* - Billion rubles unless indicated otherwise

For more details on the 2014 RAS operating results of the sales subsidiaries - suppliers of last resort of Inter RAO Group, please visit their official websites:

* Reports are available for the following sales subsidiaries - suppliers of last resort: Moscow Energy Sales Company, St. Petersburg Energy Sales Company, Saratovenergo, Altai Energy Sales Company, Tomsk Energy Sales Company and Tambov Energy Sales Company

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Inter RAO Group is a diversified energy holding serving various segments of Russian and international electric power industry. The Group is the leading exporter and importer of electricity in Russia actively increasing electricity generation and sales, and developing new lines of business. The corporate strategy of Inter RAO is focused on making Inter RAO a global energy enterprise, a key player in the global energy market, and the leading Russian energy company by energy efficiency. Inter RAO Group owns and operates over 35 GW of installed power generation capacity. www.interrao.ru


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