Since January 1st the Global Networks Business [PDF] includes the energy Transmission and Distribution businesses, as well as those of any other regulated nature, originating in Spain, the United Kingdom, the United States and Brazil. This will implement best practice in Group´s Networks business:
- Increase the quality and reliability of supply
- Optimise Operating Expenses
- Leverage the transformation based on technology
- Identify business growth opportunities
Growth in all areas except Brazil
The magnitudes during the first nine months of 2013 have been:
- The Gross Margin of the Networks Business recorded €4,166.0 million (-2,9%), with increases across all businesses and countries where IBERDROLA operates, except in Brazil which was negatively impacted by a tariff review at Elektro and excess energy costs resulting from adverse climate factors.
- Ebitda from the Networks business rose to €2,805,7 in the period, which is 3,2% less than the same period of 2012.
- Ebitda breakdown:
- In Spain, Ebitda from networks rose 7.6% to €1,058.9 million. Gross Margin for Networks Business in Spain increased by 0.4% to €1,398.0 million.
- In the UK, Ebitda reached €657.6 million (-2.7%). Gross Margin increased by 3.0% to €868.2 million.
- In the United States, networks raised Ebitda by 7.8% to €588.3 million. Gross Margin increased by 3.4% to €1,094.9 million.
- Brazil, included in among regulated businesses, achieved Ebitda of €501.0 million (-27.8%) which is caused by a tariff adjustment for Elektro and the temporary impact of the ezcess energy cost. In Brazil, the Gross Margin amounted to €804.8 million (19.4%) despite the increase of distributed electricity (+5.9%) compared with the same period of 2012.
- As in Spain at the end of September of 2013, IBERDROLA managed more than 10.9 million supply points and the total energy distributed amounted to 68,440 GWh, a 4.4% reduction compared to the same period in 2012. The TIEPI supply quality indicator (Interruption Time Equivalent to the Installed Capacity) stood at 48.0 minutes(1).
- In United Kindom, IBERDROLA distributed to almost 3.5 million customers. The volume of energy distributed during the first nine months of 2013 was 27,793 GWh, representing an increase of 0.4% in relation to the same period of the previous year.
IBERDROLA USA had 1.8 million electricity supply points in the United States. The energy volume distributed to date was 24,905 GWh, an increase of +1.1% compared with the same period of the previous year. The Frecuency index of average interruptions per consumer (System Average Interruption Frecuency Index, SAIFI) have evolved favourably(1). Also, the number of gas users is 0.6 million, with a supply of 31,589 GWh.
- In Brazil, IBERDROLA has distributed through Neoenergia (Coelba, Cosern and Celpe) and Elektro(2), a total of 25,843 GWh, which represents an increase of 5.9% over the same period last year. The number of clients was 12.23 million.
REGULATED BUSINESS EBITDA BREAKDOWN (% AND € MILLION)