EDP presents its results in Spain | EDP España

The gross result of exploitation (EBITDA) recurrent in Group EDP Spain in 2016 was of 500 million euros

• The EBITDA of EDP Spain has decreased by 3 % in 2016, reaching 500 million euros (M€). Without considering the positive effect in 2015, produced by the sales of gas distribution’s assets and of EDP Renováveis’ shares, the EBTIDA in 2016 would have increased by 17 %.
• The Net Profit (BDI) reached 438 M€, 27 % less than the previous year.
• The adopted strategic decisions, the focus on the operational efficiency of its generation park and the cost control in different activities, have enabled to reach these results, despite the difficulties of the environment.
• The high availability and flexibility of its generator park allows to respond adequately to the current market conditions, characterized by the intermittency of the renewable generation. Altogether, the net production of EDP’s electricity decreased by 26 % (9 058 GWh) throughout the last year.
• EDP has launched the first denitrification plant in Spain, the power plant of Aboño – group 2 – that uses the most developed system (selective catalytic denitrification). In group 3, in Soto, the works to install a plant of similar characteristics throughout 2017 have already began, which will enable to lengthen the life of these plants until 2030, and to maintain the employment.
• In electric distribution, Group EDP improved once again the quality of the service in the Spanish electric sector, with a historic record of Time of Interruption Equivalent to the Installed Power (TIEPI) of 24 minutes. The result has been possible thanks to the improvements introduced in the management and network technification and the important investment effort in its distribution network.
• In the development of Smart Grids, EDP finished 2016 with 503 772 smart meters installed, 78,4 % of its meters’ park, over the 70 % required by regulation. Moreover, it has installed more than 5 400 hubs, devices that enable a connection and transmission of data between meters and central services of the company.
• EDP grows stronger as second distributor of natural gas in Spain, where its gas grids reach 7 748 kilometers. It continues the transfer of the 82 000 points of gas supply in the Basque Country, Asturias and Cantabria, as a result of the agreement with Repsol.
• In 2016 a purchase of 5 % of Naturgas Energía, which belonged to the Ente Vasco de la Energía (EVE), was completed. With the acquisition of this parcel of shares, Group EDP obtained the 100 % of Naturgas Energía.
• EDP has the largest percentage of dual customers of gas and electricity in Spain, with 2.3 million contracts, and 97 % of commercialized electricity in free market.
• The number of contracts of the service “Funciona” goes over 525 000 (+ 9 %) in Spain.
• The customers of EDP increase their digital relation with the company within the transversal project of Digitalization. In this sense, 26 % of the customers already have an Electronic Invoicing and 36 % have an active account in EDPOnline.
• EDP has been recognized in 2016 as the leader in customers’ satisfaction in electricity supply, among the more than 200 companies evaluated in the ISCX-Index STIGA of Customers’ Experience.
• The activity developed by EDP Spain represents 1.4 % of the Asturian, Cantabrian and Basque PIB all together, and a creation of direct, indirect and induced employment, surpassing 10 000, according to a report elaborated by KPMG.

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