Note 21 Revenue

Net revenue in 2023 was €2,725 million, up by €575 million compared with 2022, mainly due to the increase of €539 million in the regulated revenue from electricity. The tariffs for low and high-volume connections increased compared to 2022 due to partial offsetting of the increased costs for procuring transmission capacity and for network losses in the tariffs. There was also an increase in the number of low-volume connections (+ €10 million in revenue) and in the transmission volumes for high-volume connections, leading to a €10 million increase in revenue.

Due to the higher tariffs that were set, the regulated revenue from gas was €75 million higher despite the lower number of connections. In contrast, revenue from metering services dropped by €42 million as these tariffs were set at a lower level. Revenue from other products came to €216 million, which is in line with the previous year.