Portugal's national energy grid operator Redes Energéticas Nacionais (REN) posted a net profit of €139.3 million for the first nine months of the year, a 34.1% increase compared to the same period last year. The electricity and natural gas network manager attributed the growth to stronger operating performance and a decrease in charges from the extraordinary levy on the energy sector (Contribuição Extraordinária sobre o Sector Energético or CESE).
Grid Operator REN Reports 34% Rise in Nine-Month Profit
Thursday, 12 November 2026AI summary
Context & Explainers
REN (Rede Eléctrica Nacional) is Portugal's operator for high-voltage electricity transmission and for gas transport infrastructure, responsible for running the transmission grid and keeping the system stable. It also publishes national electricity consumption data and is the main contact in cases of large-scale outages or transmission issues.
5 sources
- REN profit up 34.1% to €139.3 million through Septemberexpresso.pt ·
- REN profit rises 34.1% to 139.3 million euros by Septemberrtp.pt ·
- REN profits soar 34% ahead of the State's increased stakeeco.sapo.pt ·
- REN profit rises 34.1% to nearly 140 million by Septembercnnportugal.iol.pt ·
- REN profit rises 34.1% to 139.3 million through Septemberobservador.pt ·
