Endesa won 583 million euros in the first quarter of the year, 99.7% more than a year earlierand after the recent blackout in the country it calls to guarantee the security of supply and competitiveness of the electrical system.
The company increased its gross exploitation result (EBITDA) by 33% in the first quarter, up to 1,431 million, thanks to the good gas behavior and the disappearance this year of the extraordinary rate of 1.2%, according to the accounts sent to the National Securities Market Commission (CNMV).
For its part, Income counted 5,899 million to March, 6.3% morein a context in which the electricity asks to take advantage of the “unique opportunity” of reindustrialization of the country based on an electric renewable and competitive “mix”.
System’s supply and stability security challenge
Endesa emphasizes that the unstable geopolitical situation has raised the prices of raw materials in the quarter and adds to the high volatility of the daily prices of the electric ‘pool’, placing the average price at 85 euros/MWh, 90 % more than last year.
All this, the energetic stands out, places Spain in an evolving scenario that presents “new challenges” in terms of supply and stability security of the system, as has recently seen.
It points out that demand growth data in the period, of 2.5% year -on -year in peninsular Spain in adjusted terms, together with the “unprecedented” growth of new industrial demand requests reinforce the need to improve the remuneration and the regulatory framework to boost investment in the distribution network.
-Improve the remuneration of investments in the network and review the fiscality of nuclear for viability
After the generalized blackout in Spain and Portugal, Endesa asks to improve the remuneration rate of investments in the distribution network; a renewable and competitive electrical mix ‘; Update the regulation for the use of the network and avoid speculation with connection requests, as well as improve remuneration methodology and incentives and increase the top that limits investments in distribution.
Endesa’s CEO, José Bogas, It ensures that guaranteeing supply security and competitiveness of the electrical system is fundamental, that a robust and resilient network is needed, which requires significant investments, together with fair remuneration. In addition, it sees crucial a ‘mix’ of diversified and competitive generation and reviewing the taxation of nuclear to guarantee its viability and provide future supply security.
In the quarter, the installed capacity of Endesa amounted to 22,072 MW, almost 3% higher, and the renewable capacity was 10,754 MW, 6.1% more, with a share of the latter of 49%.
In terms of production, this was 15,939 MW, 2.1% more, while the renewable added 4,676 MW, the lower 6.8% and represented 29.3%.
Net electricity sales reached 18,931 GWh, 0.5% less, most in the free market, and the number of customers was reduced by 1.7%. In the case of gas, sales counted 16,592 GWh, 2% more, and the number of customers fell 1.1% in the period.
The company closed the period with 23,054 public and private recharge points and emphasizes that the results of this first quarter allows it to progress towards achieving the objectives of the year.
