Austrian energy company Verbund on Wednesday reported its own generation decreased year-on-year by 344 gigawatt-hours or 4.9% in Q1 to 6,629 GWh from 6,973 GWh in the year-ago period.
In Q1, generation from hydropower plants fell by 6.8% year-on-year to 5,095 GWh, while wind generation saw a 24.6% jump year-on-year to 609 GWh.
Electricity generation for the quarter ended March 31 through proprietary photovoltaic installations rose by 0.3% from the year-ago period to 88 GWh, while thermal generation fell by 9.5% year-on-year to 828 GWh.
The company's electricity sales volume declined by 689 GWh or 4.5% year-on-year to 14,694 GWh in Q1, with sales to customers rising by 285 GWh, while sales to resellers fell by 369 GWh. Sales to traders recorded a 606 GWh decrease.
Verbund's purchases of electricity from third parties for trading and sales in Q1 fell by 466 GWh from the year-ago period, while electricity purchased from third parties for grid loss and control power decreased by 80 GWh.
In Q1, the company's electricity revenue declined by 357.5 million euros ($418.6 million) year-on-year to 1.54 billion euros ($1.80 billion).
The company reported average sales price achieved for own generation from hydropower fell by 34.2 euros/megawatt-hour year-on-year to 92.6/MWh. "The significant decline is due to the high sales price in quarter 1/2025, which was mainly attributable to premature "limit" sales in 2023 at high wholesale prices," the company said.