MESSAGE FROM THE CHAIRMAN
"In 2016, work continued to implement the plans presented to the public the previous year."
49,3 TWh
ELECTRICAL POWER CONSUMPTION
0,34
INTERRUPTOR TIME
(MINUTES)
46,7 TWh
ENERGY TRANSMITTED BY
NATIONAL TRANSMITIION SYSTEM
9.140 TWh
MAXIMUS POWER
ENERGY TRANSMITTED
55,8 TWh
NATURAL GAS
CONSUMPTION
56,7 TWh
GAS TRANSMITTED BY THE
NACIONAL NATURAL GAS
TRANSMISSION SYSTEM
6,9%
EVOLUTION OF NATURAL GAS
CONSUMPTION
11,6 GWh
MAXIMUM HOURLY
CONSUMPTION
476,0 M€
EBITDA
100,2 M€
NET INCOME
171,5 M€
INVESTMENT
3.537,1 M€
AVERAGE RAB
27.009
HOURS OF TRAINING
107.353
TREES PLANTED
608
EMPLOYEES
"In 2016, work continued to implement the plans presented to the public the previous year."
This report brings together the information required to meet our commitments and legal financial reporting obligations as well as our commitments to sustainability reporting.
REN's core business is energy transmission and the management of energy transmission systems and we are present in the electricity and natural gas markets.
2016 Ren achieved one of its medium and long-term aims: to acquire a relevant stake in a foreign company as part of our internationalization strategy.
Highlights of the main REN events in 2016 contributing to the success of our energy.
Financial, Electricity, Natural Gas, Social and Environmental Indicators
Electricity and Natural Gas
At the end of 2016, the RNT (National Transmission System) consisted of 8,863 km in lines and 66 transformer substations and 15 step down, switching and transition substations.
In the compliance of its public service mission in the national energy sector, the REN Group is committed to the defence and promotion of the principles of sustainable development, seeking to create value on an ongoing basis for shareholders and stakeholders.
Satisfying criteria of quality and safety, guaranteeing the uninterrupted supply of energy and maintaining a balance between energy supply and demand are daily tasks which reflect an attitude of commitment to the future.
Economic, Setoral and Regulatory Environment
In 2016, energy transmitted by the National Transmission System (RNT) saw a significant increase of 8.6% over the previous year, standing at the highest ever figure of 46.7 TWh.
Operation and Investment RNTIAT
REN continued to follow and implement the strategic plan approved in 2015 for the three-year period of 2015-18. With regard to business development, the aim is to diversify REN’s business growth by investing in international projects.
Enondas, Rentelecom and REN Trading
Results in 2016; Average RAB and Investment; Financial and Debt
The consolidated net profit of REN SGPS, S.A. in the financial year of 2016 amounted to 100,183,103.19 euros (one hundred million, one hundred and eighty three thousand, one hundred and three euros and nineteen cents).
Our expectations for 2017 are in line with events of recent years.
REN's mission is to ensure the uninterrupted supply of energy to the entire country, thus contributing to the development of communities and improved quality of life for the residents of Portugal.
This report was prepared in compliance with the fourth version of the Global Reporting Initiative (GRI) guidelines, based on the protocols for general indicators and on the sectoral supplement for the electricity sector.
Actions undertaken by REN in 2016 followed the three axes of our sustainability strategy.
Social and Environmental Performance
To constantly improve the quality of energy transmission, ensuring the stability of the energy market, contributing to educational and technological evolution while respecting the environment both in Portugal and around the world, is to provide continuity to sustainable and balanced growth.
The integration of the principles of sustainable development in all its facets: social, environmental and economic, means turning REN’s mission and values into guaranteed evolution and progress.
PART I
PART II