Hidroelectrica (BVB: H2O), the largest energy producer controlled by the Romanian state, announced on the Bucharest Exchange that its net electricity production decreased by 27% in the first half of the year, to \u00a06,068 GWh, while purchased energy increased by 62%, to \u00a0674 GWh. The company\u2019s financial results for the first 6 months of the year are expected on August 13.<\/p>\n
According to the report published by the company on the Bucharest Stock Exchange, hydro production, which accounts for 98% of Hidroelectrica’s energy production, also decreased by 27% year-on-year. At the same time, energy from wind sources decreased by 14%, to 133 GWh.\u00a0<\/p>\n
In contrast, the volume of electricity purchases increased strongly, by 62%, to 674 GWh. \u00a0<\/p>\n
At the same time, the amount of energy sold decreased by 23%, to 6,742 GWh, as sales under wholesale contracts decreased by 43%, and those supplied to customers increased by 31%.<\/p>\n
With an undiversified production portfolio, the company is 100% dependent on hydrological conditions for energy production.\u00a0<\/p>\n
But beyond the decrease in energy production, there are other notable elements in the company’s operational report.<\/p>\n
Thus, the company needed energy from the market to cover its customer portfolio, especially in the context of the decrease in energy production. Furthermore, this supply portfolio has changed a lot compared to the first six months of last year. Romania’s largest energy producer. The company sells more to households and other consumers than on the wholesale market.\u00a0<\/p>\n
(Photo: Octav Ganea\/ Inquam Photos)<\/em><\/p>\n iulian@romania-insider.com<\/em><\/p>","protected":false},"excerpt":{"rendered":" Hidroelectrica (BVB: H2O), the largest energy producer controlled by the Romanian state, announced on the Bucharest Exchange that its net electricity production decreased by 27% in the first half of the year, to \u00a06,068 GWh, while purchased energy increased by 62%, to \u00a0674 GWh. The company\u2019s financial results for the first 6 months of the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6122","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6122"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/6122\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}