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Electrica Group (LSE:ELSA) has released its preliminary operational indicators for the second quarter of 2024. The detailed consolidated financial results for the six months ending 30 June 2024 will be available on 27 August 2024. The preliminary data in this report may differ from the final results. Notably, some values have been revised compared to the previous preliminary report for Q1 2024.
Distribution Segment Performance
For the second quarter of 2024, the distribution segment of Electrica Group reported the following key metrics:
- Electricity Distributed: The volume of electricity distributed was 4,286.0 GWh, a decrease from 4,398.9 GWh in Q1 2024. Historical data shows fluctuations in distribution volumes over the past year, with a notable decline from 4,685.6 GWh in Q1 2022.
- High Voltage: Distribution in the high voltage category was 636.4 GWh, up from 582.9 GWh in the previous quarter. Historical high voltage distribution has seen variations, peaking at 648.3 GWh in Q2 2022.
- Medium Voltage: Medium voltage distribution recorded 1,677.0 GWh, showing a slight increase from 1,648.6 GWh in Q1 2024. The figures have been generally stable, with past values ranging from 1,620.9 GWh to 1,769.3 GWh.
- Low Voltage: Low voltage distribution was 1,972.6 GWh, down from 2,167.4 GWh in the previous quarter. Historical data indicates a broader range of distribution volumes, with a high of 2,323.6 GWh in Q1 2022.
- Network Losses: The electricity required to cover network losses was 354.0 GWh, showing a decrease from 653.3 GWh in Q1 2024. Past values have varied, with a high of 654.5 GWh in Q1 2023.
- Capital Expenditure (CAPEX): Investments in asset commissioning totaled RON 128.9 million for Q2 2024, an increase from RON 70.3 million in the previous quarter.
Supply Segment Overview
In the supply segment, the following preliminary results were reported:
- Electricity Supplied: The volume of electricity supplied on the retail market was 1,770.6 GWh, compared to 1,988.8 GWh in Q1 2024. Historical data reflects a broader range, with a peak of 2,307.6 GWh in Q1 2022.
- Competitive Segment: Electricity supplied in the competitive segment was 1,109.5 GWh, a decrease from 1,195.9 GWh in the previous quarter.
- Universal Service and Regulated Segment: Supply volumes in the universal service and regulated segment were 661.1 GWh, down from 793.0 GWh in Q1 2024.
- Natural Gas Supplied: The volume of natural gas supplied on the retail market was 78.0 GWh, a decrease from 259.6 GWh in Q1 2024. Historical volumes have fluctuated, with a high of 288.5 GWh in Q1 2022.
- Number of Consumption Places: The total number of consumption places for electricity was 3,489.5 thousand, showing a slight increase from 3,484.9 thousand in Q1 2024.
Cumulative Values
For the first six months of 2024:
- Electricity Distributed: The cumulative distribution was 8,684.9 GWh, compared to 4,398.9 GWh for the first three months of the year.
- High Voltage Distribution: Total high voltage distribution reached 1,219.2 GWh.
- Medium Voltage Distribution: Medium voltage distribution was 3,325.6 GWh.
- Low Voltage Distribution: The cumulative low voltage distribution was 4,140.0 GWh.
- Capital Expenditure: Total capital expenditure was RON 199.2 million for the first half of 2024.
