| Electric Utilities Industry | Utilities Sector | Mr. Alexandr Mikhailovich Mordvinov CEO | MOEX Exchange | X5490B105 CUSIP |
| Russia Country | 414 Employees | 3 Dec 2021 Last Dividend | - Last Split | - IPO Date |
Mordovia Energy Retail Company Public Joint-Stock Company is a recognized leader in the energy sector within Russia, primarily focusing on the purchase and sale of electricity across both wholesale and retail markets. Founded in 1964 and headquartered in Saransk, Russia, the company has established a substantial footprint in the energy industry, leveraging decades of experience to serve a significant number of businesses and individuals. The company takes pride in its robust client base, supplying electricity to 6,190 businesses and 214,521 individual customers, showcasing its major role in Russia's energy distribution network.
Mordovia Energy Retail Company plays a crucial role in the energy sector by procuring electric power from wholesale markets and ensuring its availability and sale in the retail market. This core service meets the energy demands of both businesses and individuals, underpinning the company's primary mission and economic contribution.
The company extends its expertise beyond mere electricity sales by offering consulting services related to the sale of electricity. These services are designed to assist legal entities and individuals in navigating the complex aspects of electricity procurement, leveraging the company's extensive knowledge to provide valuable insights and advice.
In addition to its consulting services, Mordovia Energy Retail Company provides services critical for the organization of commercial metering of electrical energy. This service ensures accurate and reliable measurement of electricity use, which is essential for fair billing and efficient energy consumption. It emphasizes the company's dedication to transparency and customer service excellence.