Distribuție Energie Electrică Romania (DEER), a member company of the Electrica Group, invested RON 878 million in 2025, maintaining its accelerated pace of modernization and digitalization of the electricity distribution network. Following the completion of the recovery period established under ANRE’s regulatory methodology, the value of the commissioning program for 2025 reached RON 924 million, including works completed and reported by 30 June 2026. For 2026, the company has approved a CAPEX program totaling RON 1.48 billion, the largest investment program in its history.

Mihaela Rodica Suciu, CEO of DEER: “For 2026, we have approved the most ambitious investment program in the company’s history, amounting to RON 1.48 billion, financed through our own resources, external financing, and non-reimbursable European funds.”

The final value reported to ANRE includes investments carried out under the 2025 investment program, investments carried forward from the previous year, and projects commissioned during the recovery period up to 30 June 2026, in accordance with the applicable regulatory methodology.

The total amount of RON 924 million comprises:

• RON 844 million representing projects completed under the 2025 investment program (including additional works);
• RON 34 million representing investments carried forward from 2024; and
• RON 46 million representing projects commissioned during the recovery period.

Over the past four years, DEER has steadily increased its investment pace, achieving:

• RON 558 million in 2022;
• RON 777 million in 2023;
• RON 810 million in 2024; and
• RON 878 million in 2025.

“Over the past four years, since taking office together with the management team, we have demonstrated our ability to consistently increase both our investment pace and execution capacity. The results achieved in 2025 confirm this direction and provide the foundation for the largest investment program in the company’s history, which we are implementing in 2026. We invest to provide our customers with a safer, more reliable, and future-ready distribution network capable of meeting the challenges of the energy transition,” said Mihaela Rodica Suciu, CEO of DEER.

The investments made in recent years are already reflected in improved performance indicators published by ANRE. In the South Transylvania distribution area, the average frequency of unplanned outages in rural areas decreased from 2.62 interruptions per year in 2021 to 1.89 interruptions per year in 2024. In North Transylvania, the average duration of unplanned outages in rural areas declined from 217.86 minutes per year to 126.44 minutes per year. The company also recorded the best national performance in terms of accidental outage duration in urban distribution networks in this region, reaching 36.42 minutes per year in 2024.

The RON 1.48 billion CAPEX program for 2026 will be financed through internal resources, external financing, and non-reimbursable European funds. The Electrica Group benefits from a EUR 200 million loan from the European Investment Bank, a EUR 500 million green bond issuance, and a RON 3.1 billion syndicated loan, while also considering a new bond issuance during 2026–2027. At the same time, DEER has secured more than RON 2.1 billion from the Modernisation Fund, with the total value of related projects approaching RON 3.2 billion.

Key investment priorities include:

• construction of a new electrical substation in Cluj County;
• modernization of substations and distribution networks in Buzău, Galați, Târgoviște, Oradea, and Sibiu;
• replacement of more than 600 transformers in areas with a high concentration of prosumers;
• deployment of 1.1 million smart meters;
• development of a Virtual Power Plant (VPP) platform;
• further automation of the distribution network; and
• digitalization of operational processes, including predictive maintenance and advanced cybersecurity solutions.

“Our investments are aimed at transforming the distribution network into an intelligent, flexible, and resilient infrastructure capable of integrating increasing volumes of renewable energy while meeting the increasingly complex needs of consumers. This is the foundation for the development of the energy system of the future,” the DEER CEO added.

According to the Electricity Distribution Network Development Plan approved by ANRE for the 2026–2035 period, DEER plans to invest approximately EUR 1 billion in the modernization and expansion of its distribution infrastructure. Through this investment program, the company further strengthens its position as one of Romania’s leading investors in energy infrastructure while contributing to the development of a modern, smart, and resilient electricity distribution network that supports both consumers and the energy transition.