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Investegate |Federal Grid Company Announcements | Federal Grid Company: Federal Grid Company Announces 6M 2021 RAS Results
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Investegate |Federal Grid Company Announcements | Federal Grid Company: Result of AGM of FGC UES
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(31.3) The performance indicators of Federal Grid Company for 2020 reflect the management s efforts aimed at ensuring financial stability and enhancing the Company s performance in the adverse economic environment amid the developing COVID-2019 pandemic. The Company s revenue in 2020 decreased by RUB 12,108 million, or 5% year-on-year. Regarding the main activities: - revenue from electricity transmission services decreased by RUB 735 million or by 0.3%, driven by: · reduction in revenue from compensation of electricity losses by RUB 3,326 million (by 8.3%) due to lower regulatory electricity losses submitted under transmission service agreements as a result of a drop in demand for electricity consumption; · increase in revenue from power supply by RUB 2,591 million (by 1.4%) due to an increase in the tariff from July 01, 2019, and from July 01, 2020, taking into account a phased transition to sett