INTER RAO UES The following suppliers of last resort published their 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 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 starting from July 1, 2015
- 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
Operating and financial results of suppliers of last resort:
Indicator |
Moscow Energy | PSC | Saratovenergo | Altai Energy Sales Company | Tomsk Energy Sales Company | Tambov ESC | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2016 H1 | Change from the previous six months | 2016 H1 | Change from the previous six months | 2016 H1 | Change from the previous six months | 2016 H1 | Change from the previous six months | 2016 H1 | Change from the previous six months | 2016 H1 | Change from the previous six months | |
Revenue | 139.0 | 10.1% | 57.3 | 24.7% | 8.7 | 8.1% | 6.3 | 5.4% | 6.8 | 3.4% | 2.4 | 12.7% |
Operating expenses | 137.4 | 9.0% | 56.2 | 22.2% | 8.4 | 6.2% | 6.3 | 7.8% | 6.6 | 7.5% | 2.5 | 16.5% |
Profit (loss) from sales | 1.6 | 538.5% | 1.0 | - | 0.25 | 159.8% | 0.03 | (82.3%) | 0.2 | (55.4%) | (0.03) | - |
Net profit/(loss) | 0.2 | (47.2%) | 1.1 | 666x | 0.02 | 164.5% | 0.002 | - | 0.001 | (17.3%) | (0.02) | - |
Electricity sales by volume, billion kWh | 41.8 | (0.8%) | 18.2 | 1.1% | 3.0 | (3.6%) | 2.2 | (8.0%) | 2.8 | (1.3%) | 0.7 | 2.1% |
* Billion rubles unless indicated otherwise
For more details on the RAS operating results of the sales subsidiaries of Inter RAO Group that are suppliers of last resort for the first six months of 2016, 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 |
Press release (in Russian) (link) | Press release (in Russian) (link) | Press release (in Russian) (link) | Press release (in Russian) (link) | Press release (in Russian) (link) | Press release (in Russian) (link) |
Statements for the first six months of 2016 (link) | Statements for the first six months of 2016 (link) | Statements for the first six months of 2016 (link) | Statements for the first six months of 2016 (link) | Statements for the first six months of 2016 (link) | Statements for the first six months of 2016 (link) |
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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.ru
OAO INTER RAO UES published this content on 25 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 July 2016 06:40:01 UTC.
Original documenthttp://www.interrao.ru/en/news/company/?ELEMENT_ID=6834
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