* Reports are available for the following sales subsidiaries with the status of supplier of last resort: Moscow Energy Sales Company (MESC), St. Petersburg Energy Sales Company (PSC), Saratovenergo, Altai Energy Sales Company (Altai ESC), Tomsk Energy Sales Company (Tomsk ESC), Tambov Energy Sales Company (Tambov ESC) and LLC Power Supply Company of Bashkortostan.

The following key factors determined changes in operating and financial results of suppliers of last resort within Inter RAO Group:

  • Inclusion of LLC Power Supply Company of Bashkortostan in the Group in December 2016;
  • Higher average cost of purchased capacity in most operating regions of the Group's suppliers of last resort due to capacity price increases in the more expensive WECM sectors;
  • Higher grid operator rates due to the indexation of electricity transmission tariffs;
  • Increase in the number of operating regions and new power supply agreements with commercial and residential consumers, and continuing transition of customers from third parties including those without the status of supplier of last resort;
  • Development of Value-Added Services (VAS) Segment;
  • Several large consumers coming on WECM.

Operating and financial results of suppliers of last resort:

Indicator Moscow Energy Sales Company PSC Saratovenergo Altai Energy Sales Company Tomsk Energy Sales Company Tambov ESC LLC Power Supply Company of Bashkortostan
9 months 2017 Change 9 months 2017 Change 9 months 2017 Change 9 months 2017 Change 9 months 2017 Change 9 months 2017 Change 9 months 2017 Change
Revenue 233.1 12.3% 89.7 8.9% 15.6 17.7% 9.3 3.1% 9.1 (5.5%) 4.3 18.3% 26.3 10.4%
Operating expenses 229.4 11.8% 88.9 9.2% 15.2 18.1% 9.2 2.3% 8.7 (7.1%) 4.2 16.3% 25.1 9.5%
Profit / loss from sales 3.7 46.2% 0.7 (22.0%) 0.4 1.6% 0.11 in 3.1 times 0.4 55.6% 0.04 - 1.2 31.6%
Net profit / loss 0.2 29.0% 0.9 (35.0%) 0.01 (27.1%) (0.03) 37.7% 0.001 - (0.01) 10.0% 0.5 14.4%
Electricity sales by volume, billion kWh 62.7 3.2% 25.8 0.2% 4.7 4.8% 3.1 2.1% 3.1 (21.9%) 1.1 4.6% 9.9 1.9%

* 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 9 months of 2017, please visit their official websites:

Moscow Energy Sales Company St. Petersburg Energy Sales Company Saratovenergo Altai Energy Sales Company Tomsk Energy Sales Company Tambov ESC LLC Power Supply Company of Bashkortostan
Press release Press release Press release Press release Press release Press release Press release
Statements for 9 months of 2017 Statements for 9 months of 2017 Statements for 9 months of 2017 Statements for 9 months of 2017 Statements for 9 months of 2017 Statements for 9 months of 2017 Statements for 9 months of 2017

OAO INTER RAO UES published this content on 26 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 October 2017 06:48:06 UTC.

Original documenthttp://www.interrao.ru/en/press-center/news/detail.php?ID=8208

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