In the first three months of 2024, EBITDA at the Electrica Group level increased by 170 percent, reaching RON 400.8 million (80.5 million euros), compared to RON 148.7 million (29.9 million euros) achieved in the first three months of 2023. The EBITDA growth was mainly driven by the operational performance of the distribution segment on the back of the increase in electricity distribution revenues approximately 32 percent), to RON 1.13 billion (226.9 million euros).
The operating profit had an increase of RON 249.3 million (50.6 million euros) due to the positive impact generated by the operating expense decrease.
The net result of the Electrica Group for 2024 reached RON 127.7 million from a net loss of RON 43 million in the first quarter of the previous year. This result is generated mainly by the performance of the distribution segment in the context of decreasing electricity costs to cover the network losses, as a result of the implementation of the MACEE centralized purchase mechanism.
According to this, the producers have the obligation to sell 80 percent of the available energy for 450 RON/MWh, impact diminished by the increase in the volumes of electricity needed to cover losses in the network.