Transelectrica reported earnings results for 2016. For the year, the company reported net profit fell 21% on the year to RON 286 million. Operating revenues fell by 9% to RON 2.72 billion. Earnings before interest and taxes dropped 19% to RON 364 million while earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 10% to RON 688 million. This was due to significant reduction of average tariffs for transmission services beginning July 2016.