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PJSC Inter RAO Announces RAS Financial Results for the First Quarter of 2021

Inter RAO Group's Suppliers of Last Resort Announce RAS Financial Results for the First Quarter of 2021

26 April 2021

* Reports are available for the following sales subsidiaries with the status of supplier of last resort: Mosenergosbyt, St. Petersburg Power supply company (PSC), Saratovenergo, Altayenergosbyt, Tomskenergosbyt, Tambov Power supply company, LLC Power Supply Company of Bashkortostan (Bashelectrosbyt), Volga Power supply company, Northern Power supply company.

The following key factors determined changes in operating and financial results of suppliers of last resort within Inter RAO Group:

  • Lower ambient air temperature in the first quarter of 2021;
  • Increase of a customer base;
  • Increase in average prices due to the indexation of tariffs by the decision of the regulatory authorities;
  • Increase in average prices for the capacity purchase;
  • Increase in the cost of grid companies’ services.

Operating and financial results of suppliers of last resort:

Indicator * MESC PSC
Q1 2021 Change YoY Q1 2021 Change YoY

Revenue

113.9

13.2%

40.8

12.0%

Operating costs

112.2

14.5%

40.5

13.3%

Sales profit

1.8

(34.7%)

0.3

(54.7%)

Net income

1.5

(48.3%)

0.1

(84.3%)

Electricity sales by volume, billion kWh

26.1

9.6%

9.0

10.0%

Показатель* Saratovenergo Altayenergosbyt Tomsk ESC Tambov ESC
Q1 2021 Change YoY Q1 2021 Change YoY Q1 2021 Change YoY Q1 2021 Change YoY

Revenue

6.3

10.4%

4.4

9.3

5.0

21.8%

2.0

12.2%

Operating costs

6.1

8.8%

4.2

10.0

4.8

22.4%

1.9

8.7%

Sales profit

0.2

2.1 times

0.2

(3.7%)

0.2

10.1%

0.1

3.4 times

Net income

0.005

73.4%

0.2

2.4 times

0.04

0.4%

0.05

42.0 times

Electricity sales by volume, billion kWh

1.6

8.0%

1.2

5.4%

1.6

27.4%

0.4

7.2%

Indicator * Bashelectrosbyt Volga Power supply company Northern Power supply company
Q1 2021 Change YoY Q1 2021 Change YoY Q1 2021 Change YoY

Revenue

13.1

9.6%

4.4

12.1%

5.1

16.6%

Operating costs

12.6

10.2%

4.3

11.3%

4.9

16.2%

Sales profit

0.5

(3.7%)

0.1

46.0%

0.2

30.6%

Net income

0.02

(91.4%)

0.04

22.5%

0.1

2.1 times

Electricity sales by volume, billion kWh

4.1

6.3%

1.0

7.5%

1.3

11.4%

* billion rubles unless stated 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 2021, please visit their official websites:

MESC PSC Saratovenergo Altayenergosbyt Tomsk ESC

Press release

Press release

Press release

Press release

Press release

Reports for Q1 2021

Reports for Q1 2021

Reports for Q1 2021

Reports for Q1 2021

Reports for Q1 2021

Tambov ESC Bashelectrosbyt Volga Power supply company Northern Power supply company

Press release

Press release

Press release

Press release

Reports for Q1 2021

Reports for Q1 2021

Reports for Q1 2021

Reports for Q1 2021

Next material:

Russian Power Generation and Heat Production Companies of Inter RAO Group Announce RAS Financial Results for the First Quarter of 2021
Consolidated
financial statements
prepared according to
IFRS
for 1Q of 2021
View report

Reference

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 30.8 GW of installed power generation capacity.

www.interrao.ru