- Business
- PJSC Saratovenergo operates as the monopoly electricity supplier in Russia's Saratov Region, engaging in the production, transmission, distribution, and sale of electricity and thermal energy along with related products and services; it manages six thermal power stations and extensive electricity and heating grids serving Saratov and other major cities across a 165,900 square kilometer area with 2.7 million residents. The company provides wholesale and retail electric energy purchasing and distribution, alongside installation, repair, and maintenance services for measurement, testing, and navigation instruments and appliances; it serves approximately 21,000 legal entities and 646,000 household subscribers. Founded in 1933 and headquartered at 124 Chernyshevskogo Street in Saratov, Russia, PJSC Saratovenergo functions as a subsidiary of Public Joint Stock Company Inter RAO UES. In recent developments, the company published its Russian accounting standards financial statements and production activity results for the first quarter of 2025 on April 30, 2025, reporting a 28% increase in net profit to RUB 279 million; additionally, tariffs on electricity for population and equivalent consumers underwent indexation effective July 1, 2025, per the Saratov Region tariff regulation committee's постановление №87 dated November 29, 2024, with heightened oversight on mining farm operations and illegal mining detection.