May 13, 2020 / 12:30PM GMT
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the 1Q 2020 consolidated results for Terna. (Operator Instructions)
I must advise you that this conference is being recorded today, Wednesday, the 13th of May 2020. And I would now like to hand the conference over to your speakers for today, Agostino Scornajenchi, CFO. Please go ahead, sir.
Agostino Scornajenchi - Terna - Rete Elettrica Nazionale Società per Azioni - Group CFO
Good afternoon, everybody, and welcome to the first quarter 2020 results presentation. Before starting to analyze the figures, I would like to share with you the latest trend of the electricity demand in Italy. In the first 3 months of the year, due to the lockdown measures imposed by the COVID-19 health emergency, national demand was of 77 terawatt hour, a 4.5% decrease versus the same period of 2019 when national demand was about 81 terawatt hour.
Let me highlight that about 33% of it was covered by renewable sources versus 31% of first quarter '19. National net total production stood at 66 terawatt hour,
Q1 2020 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript
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