NRG Energy: Operational metrics
NRG Energy’s (NRG) Retail segment posted $213 million adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) in 2Q16. It was $209 million in the same quarter last year. It was the strongest second-quarter performance for the Retail segment.
The strong 2Q16 performance from NRG’s Retail segment was driven mainly by improved operating efficiency during the quarter. The segment reported improved earnings despite a fall in load compared to 2Q15. Customer base growth largely remained flat during the quarter.
Energy efficiency and increasing usage of renewables have resulted in declining energy usage per customer over the last few years. This has negatively affected merchant power players (AES) (DYN) (CPN) and their earnings.