November 25, 2017

Nuclearelectrica more profitable after market deregulation

Nuclearelectrica is the producer that the deregulation of the electricity market puts at most advantage, which will significantly increase the nuclear power producer’s profitability, according to company Managing Director Daniela Lulache. “I am convinced Nuclearelectrica is a powerful engine having a potential for increase in terms of profitability, given that the company has posted a profit margin at between 2 % and 5 % in the last years. In this respect, I want to underscore that Nuclearelectrica is the producer that the deregulation of the electricity market puts at most advantage as a result of the cut shares set for selling in the regulated market to null by 2018 down from 50 %. Such a deregulation process will have significant positive effects on the Nuclearelectrica revenues and profit, inherently leading to clearly higher profit margins than recorded up until now. In fact, 2013 is a year in which such modifications will favorably mirror the company’s profit account by the cut in the relevant share of the regulated market from 71 % in 2012 to 50 % at present and by establishing a better price for the regulated market”, Lulache stressed. She added the company will be listed on the Stock Exchange as scheduled, in mid-July.
Source: Agerpres (read more)

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