*Reports are available for the following sales subsidiaries with the status of supplier of last resort: PJSC Moscow Energy Sales (MESC), JSC St. Petersburg Energy Sales (PSC), PJSC Saratovenergo, JSC Altai Energy Sales, PJSC Tomsk Energy Sales (Tomsk ESC), PJSC Tambov Energy Sales (Tambov ESC), and PSCB LLC (Bashkortostan Power Sales)
The following key factors determined changes in operating and financial results of the suppliers of last resort within Inter RAO Group:
- Higher grid operator rates due to the indexation of electricity transmission tariffs;
- Higher average cost of purchased capacity;
- Signing of new energy supply contracts with legal entities and individuals, including those in Moscow and the Moscow region, and continued work on receiving subscribers from outside organizations, including those deprived of the status of supplier of last resort;
- ·Increase in the volume of supplied electricity in the regions with the presence of sales subsidiaries due to colder weather in the winter of 2018.
Operating and financial results of the suppliers of last resort:
|Indicator||Moscow Energy Sales Company||PSC||Saratovenergo||Altai Energy Sales Company||Tomsk Energy Sales Company||Tambov ESC||Bashkortostan Power Sales Company|
|Q1 2018||Change||Q1 2018||Change||Q1 2018||Change||Q1 2018||Change||Q1 2018||Change||Q1 2018||Change||Q1 2018||Change|
|Profit / loss from sales||1.3||43.8%||0.7||10.7 times||0.1||44.4%||0.1||7.5 times||0.3||97.5%||(0.01)||-||0.4||12.3%|
|Net profit / loss||0.8||-||0,5||150.6%||0.004||173.8%||0.02||-||0.0002||0.0%||(0.01)||(57.3%)||0.2||(50.9%)|
|Volume of electricity sold, billion kWh||24.8||4.6%||10.3||4.1%||1.7||6.1%||1.3||3.8%||1.3||7.9%||0.4||3.9%||4.0||(2.9%)|
*Billion rubles unless indicated otherwise
For more details on RAS operating results of the sales subsidiaries of Inter RAO Group that are suppliers of last resort for the first quarter of 2018, 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||Bashkortostan Power Sales Company|
|Press release||Press release||Press release||Press release||Press release||Press release||Press release|
|Statements for Q1 2018||Statements for Q1 2018||Statements for Q1 2018||Statements for Q1 2018||Statements for Q1 2018||Statements for Q1 2018||Statements for Q1 2018|
prepared according to
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 33.5 GW of installed power generation capacity.