*The following suppliers of last resort published their statements: PJSC Moscow Energy Sales Company, PJSC St. Petersburg Energy Sales Company (PSC), PJSC Saratovenergo, PJSC Altai Energy Sales Company, PJSC Tomsk Energy Sales Company (Tomsk ESC), PJSC Tambov Energy Sales Company (Tambov ESC).

The following factors affected the operating performance of guaranteeing suppliers within Inter RAO Group:

  • Expansion of sales geography of guaranteeing suppliers since February and March 2014 (in Omsk and Oryol regions);
  • Growth of industrial customer base of PJSC Moscow Energy Sales Company both in Moscow region and outside it;
  • Higher electricity tariffs for residents in compliance with the decision of the regulatory body as of July 1, 2014 and July 1, 2015;
  • Higher average capacity purchase prices due to the indexation of capacity tariffs for generators;
  • Higher grid operator rates in the majority of the regions served by the Group's suppliers of last resort.

Operating results of suppliers of last resort:

Indicator

Moscow Energy Sales Company

St. Petersburg Energy Sales Company

Saratovenergo

Altai Energy Sales Company

Tomsk Energy Sales Company

Tambov ESC

First nine months of 2015

Change from the previous nine months

First nine months of 2015

Change from the previous nine months

First nine months of 2015

Change from the previous nine months

First nine months of 2015

Change from the previous nine months

First nine months of 2015

Change from the previous nine months

First nine months of 2015

Change from the previous nine months

Revenue

188.3

(2.4%)

67.7

11.1%

12.2

(0.01%)

8.7

(0.1%)

9.4

8.6%

3.2

(9.2%)

Operating expenses

186.3

3.0%

67.6

11.5%

11.9

(1.4%)

8.4

0.7%

8.8

12.4%

3.1

(9.9%)

Profit from sales

2.0

(31.8%)

0.1

(62.4%)

0.3

141.8%

0.2

(22.7%)

0.6

(28.7%)

0.04

113.8%

Net profit/loss

0.6

(20.4%)

0.08

(83.5%)

0.007

-

(0.02)

-

0.001

(93.1%)

0.007

(16.7%)

Electricity sales by volume, billion kWh

60.5

0.9%

25.5

6.3%

4.5

0.3%

3.3

(11.2%)

4.1

7.5%

1.0

(9.6%)

* - Billion rubles unless indicated otherwise

For more details on 2015 RAS operating results for the first nine months of 2015 of Inter RAO Group sales subsidiaries that are guaranteeing suppliers, 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 the leading Russian energy company by energy efficiency. Inter RAO Group owns and operates 35 GW of installed power generation capacity. www.interrao.ru


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