Electrica produced 21 GWh of electricity in the first half of 2026, 4.4 times more than in the same period last year. At the same time, electricity supplied on the retail market fell by 9%, while the competitive-market segment remained virtually unchanged.

The figures are included in the company’s preliminary key operating indicators for H1 2026 and point to two different trends within the group: generation is growing rapidly from a still modest base, while the decline in supply is concentrated almost entirely in the universal service and supplier of last resort segment. Electrica notes that the data are preliminary and may be revised when the consolidated financial results are published on 31 August.

Electricity generation reached 21,012.9 MWh in the first six months of the year, compared with 4,797.8 MWh in H1 2025, an increase of approximately 338%.

The reported volumes come from the Stănești, Vulturu and Satu Mare 2 parks, with the company specifying that Satu Mare 2 has been operational since Q4 2025.

The increase is significant mainly because of the direction it confirms. Generation remains very small compared with Electrica’s traditional businesses, but the operating portfolio is beginning to make a more visible contribution to the group’s structure.

In distribution, Electrica reported 8,905.3 GWh in H1 2026, compared with 8,947.5 GWh in the same period last year, a decline of around 0.5%.

In supply, the difference was more pronounced. Retail electricity volumes fell to 3,375.5 GWh, from 3,710.4 GWh in H1 2025, representing a decline of approximately 9%.

The decline did not come from the competitive segment.

Electrica supplied 2,435 GWh on the competitive market in the first six months of this year, compared with 2,435.8 GWh in the comparable period of 2025. The difference is just 0.8 GWh, effectively flat at portfolio level.

By contrast, volumes associated with universal service and supplier of last resort activities fell from 1,274.6 GWh to 940.5 GWh, a decrease of approximately 26%. Of the total 334.9 GWh decline in electricity supplied on the retail market, 334.1 GWh came from this category.

The figures therefore show that the decline in Electrica’s supply volumes in the first half was almost entirely linked to the universal service and supplier of last resort segment, while competitive-market activity remained stable in volume terms.

The operating report does not explain the reasons behind the decline. The document does not yet support a conclusion regarding customer migration, changes in consumption or shifts in the commercial structure of the portfolio.

The number of electricity consumption points also continued to decline. Electrica reported 3.228 million electricity consumption points at mid-year, compared with 3.423 million in the same period of 2025. The competitive segment fell from 1.795 million to 1.768 million, while the universal service and supplier of last resort segment declined from 1.628 million to 1.460 million.

For Electrica, the first-half figures show a group in which distribution remains by far the largest activity by volume, supply continues to operate at terawatt-hour scale, while generation is starting from a low base but expanding rapidly.

The 21 GWh generated in H1 do not yet make production a business pillar comparable with distribution or supply. They do, however, show that the segment is beginning to take shape operationally, while the pace at which new assets enter operation will be critical to the weight generation can eventually have in the group’s results.

Electrica’s financial reporting on 31 August should provide a clearer indication of whether the sharp increase in generation volumes is also beginning to translate into a more meaningful economic contribution from the segment.