* Reports are available for the following sales subsidiaries with the status of supplier 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
The following factors affected operating and financial results of suppliers of last resort within Inter RAO Group:
- New power supply agreements with commercial and residential consumers in new communities, and transition of customers from third parties
- Higher average air temperatures in the winter of 2016 and lower average air temperatures in May-June, 2016 compared to the same periods of the previous year
- Regulatory increases of residential electricity rates on July 1, 2015 and July 1, 2016
- Higher grid operator rates in the regions of the Group's suppliers of last resort due to the indexation of electricity transmission tariffs
- Higher average cost of purchased capacity due to capacity price increases in the more expensive WECM sectors
- Development of Value-Added Services (VAS) Segment
Operating and financial results of suppliers of last resort:
Indicator |
Moscow Energy | PSC | Saratovenergo | Altai Energy Sales Company | Tomsk Energy Sales Company | Tambov ESC | ||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
9 months of 2016 | Change 9M-on-9M | 9 months of 2016 | Change 9M-on-9M | 9 months of 2016 | Change 9M-on-9M | 9 months of 2016 | Change 9M-on-9M | 9 months of 2016 | Change 9M-on-9M | 9 months of 2016 | Change 9M-on-9M | |
Revenue | 207.7 | 10.3% | 82.4 | 21.6% | 13.3 | 9.1% | 9.0 | 4.1% | 9.7 | 2.9% | 3.6 | 13.5% |
Operating expenses | 205.1 | 10.0% | 81.4 | 20.3% | 12.9 | 8.7% | 9.0 | 5.9% | 9.4 | 6.7% | 3.6 | 15.3% |
Profit (loss) from sales | 2.6 | 40.9% | 0.9 | 18x | 0.3 | 25.3% | 0.03 | (80.7%) | 0.2 | (57.0%) | (0.02) | - |
Net income/(loss) | 0.2 | (67.4%) | 1.3 | 16x | 0.01 | 83.2% | (0.02) | 5.4% | 0.001 | (12.2%) | (0.01) | - |
Electricity sales by volume, billion kWh | 60.8 | 0.4% | 25.7 | 0.9% | 4.5 | (1.2%) | 3.1 | (7.6%) | 4.0 | (3.0%) | 1.1 | 3.1% |
* Billion rubles unless indicated otherwise
For more details on RAS operating results of the sales subsidiaries of Inter RAO Group that are suppliers of last resort for the first 9 months of 2016, please visit their official websites:
* * *
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 Russia's leading electric utility by energy efficiency. Inter RAO Group owns and operates approximately 32.5 GW of installed power generation capacity.www.interrao.ruOAO INTER RAO UES published this content on 26 October 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2016 06:56:01 UTC.
Original documenthttp://www.interrao.ru/en/news/company/?ELEMENT_ID=7497
Public permalinkhttp://www.publicnow.com/view/38F2E0BC26C67500F3E15F53C8D89A331AADF161