Energa among 50 largest companies in Central and Eastern Europe

Energa was ranked 49th on the list of 500 largest companies in the Central and Eastern Europe. The company has achieved the highest revenue growth among domestic energy companies and was the only one that improved its ranking.

Energa was ranked 49th in the 10th edition of the 500 Largest Companies of the Central and Eastern Europe ranking prepared by “Rzeczpospolita” and Deloitte. The company’s performance has allowed it to move four spots up from the previous year and reach the group of 50 largest European companies in our region for the first time in the ranking’s history. The list opens with Poland’s PKN Orlen, with PGE ranked 10th, Tauron 24th and Enea – 59th. The ranking compares revenues earned by the individual companies in 2015. In that period Energa increased its revenues by more than 2 percent. 

In the ranking of 500 top Polish companies prepared by “Rzeczpospolita”, Energa ranked 19th and according to the list compiled by the “Wprost” weekly, it is the tenth largest company with Polish capital. Energa is also the 5th largest income tax payer and the 5th largest investor in Poland.

According to the Polish Business Patriotism Index prepared by “Rzeczpospolita”, Energa is ranked 8th in the category of Polish companies providing financial support to pro-social activities.

The Energa Group has been posting stable financial results for years now. In H1 2016, despite the difficult and volatile market conditions, it earned revenues of almost PLN 5 billion and EBITDA of more than PLN 1 billion. The net loss posted in the period resulted from one-off charges and did not affect the Group’s financial standing. The good financial standing is also shown by the ratings from reputable agencies. The Fitch rating agency has awarded the company a long-term BBB rating with a stable outlook, while the long-term rating by Moody’s is Baa1, also with a stable outlook.

At the same time, Energa is implementing an ambitious investment program. In H1 2016, capital expenditures amounted to almost PLN 0.8 billion and over the last five years their average level was PLN 1.8 billion per year. The main area of investments conducted in the Group is electricity distribution, where Energa applies most of its expenditures. Consequently, reliability of energy supply has been increasing over the recent years. Since 2014, the average outage duration for each customer (SAIDI) was reduced by 35%, while the average number of interruptions per customer (SAIFI) fell from 1.7 to 1.3.

Currently, the Energa Group is updating its development directions. The main goal of the new strategy is to increase the Group’s value, including value for shareholders, and ensure stability and security of energy supply, from production to delivery to customers. The Company also fosters innovation.

Innovation – the future of energy sector

According to the Polish Business Patriotism Index, Energa is ranked 18th among companies with the highest spendings on scientific and technical research in Poland.

In recent years, the average amount spent was from PLN 120 to 180 million annually. The Company believes that the most promising innovative development directions include: smart grid, smart city, energy storage, demand response, electric mobility and new energy production technologies.

AMI.  The Group is the market leader in smart metering. It has already installed more than 800 thousand smart meters. In some towns, all energy consumers have AMI meters, which facilitates for example continuous monitoring of energy consumption and better energy management. In the “Energa Living Lab” project, 300 households in Gdynia are testing even more advanced consumption management and electricity microproduction technologies

DSR. The Group intends to optimize the power available in the system by managing energy consumption. Enspirion, a Group company was the first entity in Poland to launch an offer rewarding business clients for shifting their energy consumption outside of the system’s peak hours. This scheme helps maintain stability of the National Electrical Power System. Over the last two years, Enspirion successfully conducted 16 demand reduction campaigns, reducing the active power demand of its clients by 3 GWh.  At present, the Group has the potential of about 575 MW that it can shift consumption of. The entire market potential is estimated at about 2 thousand MW.

SMART Toruń. In this project, the Group has built one of the largest photovoltaic power plants in Poland and has modernized distribution grids, installed 92 thousand remote reading meters (AMI) and installed smart street lights with LED sources. The project enables research into the possibilities of managing both consumption and production of electricity in contemporary sources.

EMobility. For several years now, Energa has been working on the development of services associated with the fast-growing electric car market. Under the project, it has made a fleet of electric vehicles available for testing and has built five charging stations in the Gdańsk Tri-City area. It is the first Polish company conducting comprehensive studies of preferences of Polish electric car users.  It has been analyzing readiness of the market and clients for e-mobility services. It has been testing various business models and, along with them, the price lists, market segmentations, service types etc. Soon, it will introduce a prototype of a car-sharing service. Together with the Warsaw University of Technology, the National Centre for Nuclear Research and the other energy groups, it has co-founded the E-mobility Center.

Energy storage. Energa-Operator has been working on creating the first energy storage in Poland. The storage facility with the capacity of 0.75 MW and 1.5 MWh will be developed in the vicinity of Puck as part of the Local Balancing Area (LOB). Combined with the planned 84 kW photovoltaic farm and the existing wind sources, biogas production plant and the consumers, LOB will allow the Group to test system and regulatory services.