Distribuție Energie Electrică Romania (DEER), a member of the Electrica Group, increased its 2023 revenues by approximately 1 billion RON (+30 percent), to 4.41 billion RON (from 3.39 billion RON) in 2022), mainly from the effect generated by the increase in revenues recognized based on the stage of execution of construction works and as a result of the increase in distribution tariffs, as well as the decrease in the volumes of distributed electricity.
The company exceeded its assumed investment plan for 2023. DEER realized and put into operation investments worth 777.1 million RON, representing 101.7 percent of the annual value of of the planned commissioning program for 2023.
“In a year with many challenges, we had extraordinary achievements. We had an ambitious investment plan for 2023, which we met and even exceeded. The last 3 years have brought the biggest challenges for the energy industry. We had a perfect crisis – sanitary, economic, and geopolitical – that affected us. There are challenges, and their effects, that we are still facing, not only within the company, but also at the level of the entire market. We are proud that through the extraordinary efforts we made as a dedicated and motivated team, together with an efficient and healthy management, with a focus on results, we managed to overcome the difficult situations we found ourselves in, and even more, to perform”, said Mihaela Suciu, DEER General Manager.
DEER is a national leader in electricity distribution, and serves approximately 3.93 million users, in 18 counties, covering 40.7 percent of Romania’s territory.
“We have undertaken and continue to make investments of over 100 million euros annually, representing our own sources, from the distribution tariffs, but also important financing from other sources, for the modernization of the networks and their transformation into intelligent networks. We are champions in accessing European funds! Until now, we have signed 13 financing contracts, worth 333 million euros, of which 259 million euros are non-refundable, which we invest in the modernization and development of the network, digitalization, and efficiency of business processes, in order to offer high quality services to our users”.
