INTER RAO UES * The following suppliers of last resort published their financial results: PJSC Moscow Energy Sales Company (MES), JSC St. Petersburg Energy Sales Company (PSC), PJSC Saratovenergo, JSC Altai Energy Sales Company, JSC Tomsk Energy Sales Company (Tomsk ESC) and JSC Tambov Energy Sales Company (Tambov ESC)
The following factors affected the operating results of suppliers of last resort within Inter RAO Group:
- Expansion of sales geography of suppliers of last resort since February and March 2014 (in Omsk and Oryol oblasts)
- Expansion of MES and PSC customer base as they started serving new residential communities and picked up residential customers from third parties
- Regulatory increases of residential electricity rates on July 1, 2014 and July 1, 2015
- Higher average capacity purchase prices due to the indexation of capacity rates 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 | PSC | Saratovenergo | Altai Energy Sales Company | Tomsk Energy Sales Company | Tambov ESC | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2015 | Change YoY | 2015 | Change YoY | 2015 | Change YoY | 2015 | Change YoY | 2015 | YoY | 2015 | Change YoY | |
Revenue | 266.0 | 5% | 96.7 | 13% | 16.8 | (0.4%) | 12.2 | (1.5%) | 12.9 | 8% | 4.5 | (7%) |
Operating expenses | 261.7 | 4% | 95.7 | 12% | 16.3 | (2%) | 11.9 | (0.6%) | 12.3 | 12% | 4.5 | (7%) |
Sales profit | 4.3 | 24% | 1.0 | 61% | 0.5 | 165% | 0.3 | (29%) | 0.6 | (38%) | 0.03 | 19% |
Net income | 0.7 | (14%) | 0.5 | 67% | 0.02 | 498% | 0.001 | (99.5) | 0.001 | (12.5%) | 0.0001 | (99%) |
Electricity sales by volume, billion kWh | 84.0 | 0.1% | 35.3 | 3% | 6.1 | (4%) | 4.6 | (11%) | 5.6 | 6% | 1.4 | (9%) |
* Billion rubles unless indicated otherwise
For more details on 2015 RAS operating results of the sales subsidiaries of Inter RAO Group that are suppliers of last resort, 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 35 GW of installed power generation capacity.www.interrao.ruOAO INTER RAO UES issued this content on 15 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 February 2016 07:02:14 UTC
Original Document: http://www.interrao.ru/en/news/company/?ELEMENT_ID=5605
