* The following guaranteeing supplier companies have submitted reports: PJSC Mosenergosbyt (Moscow Power Supply Company, MES), JSC St. Petersburg Power Supply Company (PSK), PJSC Saratovenergo (Saratov Power Supply Company), JSC Altai Energosbyt (Altai Power Supply Company), PJSC Tomskenergosbyt (Tomsk Power Supply Company, Tomsk ESK), PJSC Tambov Power Supply Company (Tambov ESK), Power Supply Company of Bashkortostan LLC (Bashenergosbyt LLC, ESKB)

The dynamics of Inter RAO Group's operational and financial performance was significantly influenced by the following key factors and events:

  • Acquisition of Bashenergosbyt LLC and its introduction into the Group in December, 2016;
  • Growth in average prices for capacity purchases in most regions where the Group's guaranteeing suppliers operate, due to an increase in the purchase price of capacity in the more expensive sectors of the WECM;
  • Increase in cost of services of grid companies, due to indexation of tariffs for electricity transmission services;
  • Increasing footprint and signing new energy supply contracts with legal and natural persons, as well as continuing to receive customers from third parties, including lacking last resort supplier status;
  • Development of additional paid services segment.

Operating and Financial Results of the Guaranteeing Suppliers:

Indicator Mosenergosbyt PSK Saratovenergo Altaienergosbyt Tomskenergosbyt Tambov ESK ESKB
Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change Q1 2017 Change
Revenue 84,2 11,9% 33,0 3,3% 5,3 17,1% 3,7 1,8% 3,5 (9,3%) 1,5 14,1% 10,3 10,1%
Operating Costs 83,3 12,0% 33,0 5,6% 5,2 19,3% 3,7 1,8% 3,3 (10,6%) 1,5 12,7% 9,9 12,2%
Sales Profit/Loss 0,9 5,0% 0,07 (91,1%) 0,1 (45,0%) 0,02 1,7% 0,1 31,8% 0,008 - 0,4 (25,0%)
Net Profit/Loss (0,1) (73,0%) 0,2 (76,7%) 0,002 (74,3%) (0,007) - 0,0002 0,0% (0,007) (51,8%) 0,4 52,1%
Volume of Electricity Sales, billion kWh 23,8 2,9% 10,0 (3,4%) 1,7 3,6% 1,2 (0,4%) 1,2 (21,4%) 0,4 3,1% 0,3 1,7%

* - in billion roubles if not indicated otherwise

More detailed operational results of guaranteeing supplier companies of the Inter RAO Group at the end of the 1 quarter of 2017 in accordance with RAS are available on official websites of the companies:

OAO INTER RAO UES published this content on 26 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 06:59:25 UTC.

Original documenthttp://www.interrao.ru/en/press-center/news/detail.php?ID=7951

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