Full Year 2020 Terna Rete Elettrica Nazionale SpA Earnings Call Transcript
Good afternoon, everyone, and welcome to Terna Full Year 2020 Results Presentation. It's Omar Al Bayaty, Head of Investor Relation. Here with me, Mr. Stefano Donnarumma, CEO; and Mr. Agostino Scornajenchi, CFO. The presentation will be followed by a Q&A session. Let's start.
Stefano, the floor is yours.
Good afternoon, and welcome to Terna's Full Year 2020 Results Presentation. Let me start with an overview of the Italian electricity market. As you can see in this chart, in 2020, due to the COVID health emergency, national demand was about 303 terawatt hour, a reduction of 5.3% versus previous year when national demand was about 320 terawatt hours. Despite this situation, let me highlight that there have been signs of recovery starting from the month of July. Indeed, in the month of December, demand increases by 1.1% compared to
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