Amounts of revenue generated and money collected

Revenue for grid connection services for the reporting year amounted to RUB 2,438 million (excluding VAT), which is 107% of the plan and 90% below the revenue for 2022 (RUB 1,282 million). The revenue growth is attributable to the execution of a number of large contracts in 2023, as well as to an increase in the fee rates for the grid connection service for applicants in the category of up to 150 kW after the changes in legislation came into effect on 1 July 2022, resulting in an increase in the average cost of contracts.

In 2023, monetary funds received for grid connection services amounted to RUB 15,206 million (including VAT), which is 13 times higher than the plan and 3 times higher than in 2022 (RUB 4,865 million including VAT). Over‑fulfilment of the indicator on cash receipt is associated with receipt of large advances from applicants under grid connection contracts concluded in the fourth quarter of 2022 and payment received earlier than the schedule established by the contracts.