Transelectrica (BVB: TEL), the operator of the national energy system, reported a net profit of RON 201 million in the first quarter of 2026, 27% higher than in the same period last year. Operational revenues increased by 23%, to RON 721 million, while operational costs rose by only 18%, to RON 430 million. According to the company’s quarterly report, the increase in operational revenues was mainly influenced by the positive evolution of revenues from interconnection capacity allocation, revenues from regulated tariffs (+11%), and occasional revenues from emergency aid. Revenues from transmission and other energy market revenues increased by RON 131 million, from RON 576 million in Q1 2025 to RON 707 million in Q1 2026, mainly influenced by the increase, starting January 1, 2026, of the transmission service tariff approved by ANRE, which led to an increase in regulated tariff revenues of RON 55 million (+11%) compared to the same period last year, under similar transported energy volumes. The increase in operational expenses, including depreciation, was mainly influenced by higher system operation costs and other related expenses.