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German Utility E.ON Records Lower Power, Gas Sales Volume in H1

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German electric utility company E.ON Wednesday posted H1 results showing a year-over-year decline in power sales volume to 82.1 terawatt-hours from 94.4 TWh, and a drop in gas sales volume to 160.6 TWh from 187.8 TWh, driven by lower wholesale volume and portfolio optimization.

Distributed power volume also moderated to 146.2 TWh from 146.8 TWh, due to weaker industrial demand and higher customer generation in Germany. Distributed gas volume fell to 109.6 TWh from 111.5 TWh following the sale of the gas distribution network in the Czech Republic.

During the same period, the number of power and gas customers dropped to 33.1 million from 33.3 million, results showed.

Meanwhile, the company sold 9.7 TWh of energy, including electricity, heat, and steam, in H1. This compares with the previous year's 9.5 TWh.

E.ON said it connected about 5 gigawatts of renewable energy capacity to the grid, bringing total volume to 113 GW in H1. It also expanded its smart meter rollout by 25% to about 1.2 million during the period.

The company received around 340,000 connection requests in Germany and Europe in H1, up 20% from the year-ago period, due to increased demand for battery storage and data center connections, and more applications for electric vehicles and heat pumps.

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