Q1 2019 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to today's Terna's First Quarter 2019 Consolidated Results Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Thursday, 9th of May, 2019. I would now like to hand the conference over to your speaker today, Mr. Agostino Scornajenchi. Please go ahead, sir.
Good morning, everybody, and welcome to the first quarter 2019 results presentation. Before starting to analyze the figures, I would like to share with you the recent trend of the electricity demand in Italy. In the first 3 months of the year, we registered a demand of about 80 terawatt hours, lower than the same period of 2018 when demand was about 81 terawatt hours. Let me underline that in the period, about 32% of national demand was covered by renewable sources versus the 30% of the same period of last year. However, national net total production stood at about 71 terawatt hours, with a strong
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