Energy supplier Stoen planning to decrease operating costs

The "Energy Regulation Office (URE) did not accept some of our costs and these could not be included in the tariff," said Magda Gilewicz from Stoen. She also added that further burdens for the distributor were client contracts, not producing profits. Last year, 95% of Stoen revenues came from end-users increased by 8%. A management representative said, this was the effect of positive development in the Warsaw area. However, the pace of increase in the company's revenues 8.41% was smaller than the 12.86% increase in acquiring energy. The difference negatively affected Stoen's results in operating levels, amounting to zł. 14.1 million in the red. "We plan to decrease operating costs and connect a further 10,000 clients to our network," added Gilewicz. (Parkiet, August 2-4, p. 4) M.M