Q1 2020 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript
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.
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,
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