Terna SpA (OTCPK:TERRF)
$ 7.677 0 (0%) Market Cap: 16.55 Bil Enterprise Value: 26.53 Bil PE Ratio: 16.54 PB Ratio: 0.94 GF Score: 84/100
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Q1 2021 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript

May 12, 2021 / 02:30PM GMT
Release Date Price: $7.32
Operator

Good afternoon, ladies and gentlemen, and welcome to the First Quarter 2021 Terna Consolidated Results Conference. (Operator Instructions) And just to remind you all this conference call is being recorded.

I would now like to hand over to Agostino Scornajenchi, CFO. Please go ahead, sir.

Agostino Scornajenchi
Terna - Rete Elettrica Nazionale Società per Azioni - Group CFO

Good afternoon, everybody, and welcome to Terna first 2021 quarterly presentation. Let me start, as usual, with an overview of the Italian electricity market.

As you can see in this chart, in the first 3 months of 2021, national demand was about 79 terawatt hour with an increase of 2.2% versus previous year when the national demand was 77 terawatt hour. Let me highlight that in the month of March, demand in Italy returned to 2019 levels, showing a relevant increase of 11.8% compared to March 2020, a month that, as you remember, was heavily impacted by COVID-19.

Moreover, it is important to underline that in the first quarter of 2021, renewable sources covered

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