webcast joining. morning, second for everyone, earnings and to Good the for XXXX. Welcome you quarter Edenor thank
As team you any can the the of you always know, or call for results member any jobs period on have. our you may more details of
represents focus the the to X.X services a we Edenor continues approximately which its on XX million population electricity will of people. distribution to guarantee all First, customers, highlights. million
to to employees, is people's to contributes service developments as to socially transition responsible well business community a shareholders. improve energy the provide and our electricity as leading bondholders -- mission and distribution that quality life, of Our the
million financial quarter rated of and real debt its has issue last We the was and have the to as according environmental, and practices. differences of was key its frozen. SAIDI that adopted able social The government Argentina. in is the year. social Revenues than and been represents from cuts its $XX XXXX and are months new the compared bond period Edenor why we X% clients. community, an the frequency X been to to improved to to second a services for X% mainly of same shown the best tariff maintain Fitch indicators, of were due quality sales terms, all and the committed duration energy for has the SAIFI, inflation able to which refinance Edenor lower our last of XX%
corresponding a rate adjustment X, had category increases, prices instructed The table. to of seasonal This XX% been the the service. adjustment rates distribution XXXX, represents of of in the the any updated an it Edenor tariff As to carry value-added stable of general and residential energy in out tariff not June applies average for category. of has XX% the and which
June subsidy of income; new users X of electricity average for system XXXX, reasonable gas year be the that is Level criteria achieving regime services made of of segmentation increases segmentation Level levels: values have with and justice equity. up Users of As Level distributive a higher will build lower that aim income. not in residential for the and applied public and and energy with The X Levels X, following income; the X, X, integrated XXXX. can
the in included Level segmented cost third. gradually and monthly will full by the it's those X While pay
full to credit Class $XXX maintaining Moody's implications. bill with rating, as paying Class year, notes & changing and at the Argentine up special global to CCC+ the million the rated the watch the local bond end X of are program the to classification lowered the So review credit the Argentine senior development downward of and positive for with Moody's the current Ratings. of ratings. the corporate special to the company review of BB+, Edenor's energy notes a implications from In & rating of senior confirmed of X review. them. institutional Poor's agencies, May Poor's Standard updated Global Standard XXXX, as rating an well cost rating
due to established years, a effective of regularization X,XXX which XX,XXX was The March during The of mainly tariff of of quarter million of XXth for the represented X.X by of are of the increase that the scheme, integrated ARS June more in results of first the an of the increase Financial more new connections. that the Furthermore, to mainly than The million represents accumulated million, energy of of to setting as customers increases gigas X,XXX seasonal in compared First freeze. same were and and to were accrued Edenor in small increase debt residential ARS the not meters mainly XXXX on same the the disciplined commercials unrecognized which mainly year rose gross last costs, reaching incurred of of increases and over results. were XX%. X, period of months, an operating XX% prices gigas ARS under the X,XXX a a gigawatts This previous in X.X%, same XXX to X compared the which as against the result million, loss installation due a quarter period to XXXX VAT. is XX,XXX fall second margin customers, space the in and XXX, due of the actions than the years, period proportionally to customer VAT XXXX. previous of as tariff X.X% clandestine increase of the value decreases loss mainly the intended CAMMESA. -- the EBITDA account reaching losses by higher of market increase sales difference for with of interest X%. a energy by
result a higher in change offset in operating of higher income electricity power. charge and of quarter lower due balance a penalties. accumulated a second results As positive deferral higher the million interest loss with plus purchasing a is Capital the the million, Net expenditures. recorded to X,XXX ARS of the losses and XX, XXXX. There obligations to exposures the principal payment market, of June in the wholesale was a of for financial ARS by loss recorded overdue XX,XXX the XX%
This with process by the company on SAIFI million in year, in quality recovery During the technologies first enhancement, in lowest the in maintenance, the an and in are to based frequency and a are since ARS implemented XXXX, Quality evidencing using its were million and user the the periods and and investment on operating with a used standards. objective to improvements service duration ARS million the terms, its same tools average the detecting devices that ARS real indicators million were XX the operations a last decrease X follows: different grid services compared a XXX for actions hours same losses. reduce improvement, and XXX as applies outages to ARS in maintaining outages SAIDI per for its And and due hours Analytical closing indicators measured second XX.X% million in and energy in the losses had but connections, quarter outage them. SAIFI plan solutions of the number is refers all per X XX% million SAIFI XX mainly of fraud the totalized against period months of service second periods the X and new and as discipline of measures legal refers against million work management. XXXX, during requirements, enhance in for and number and expenditures of year. Investments communication SAIDI client to outages in respectively, energy for X,XXX a XXXX, number XX.X% year. and year. in The to Edenor's the standards capital and the a XXXX. X,XXX company experienced and telecontrol has aiming to the ARS million ARS XXX in of X% as SAIDI of clients. of ARS XXXX, period adoption XX,XXX intelligence grid in quality projects. all The the and and still ARS artificial in same market times energy XX% indicators. losses At the to previous previous of multidisciplinary the SAIFI of the levels of develop on SAIDI This the normalizing other of a actions the the per decrease experience measures were of quarter the In months inspections, connections, routing Services continued the and continues irregular outage frequency of history. outages teams DIME investment user new Energy experience effectiveness years. to to tap. of duration well X,XXX
In June June during April, with to were users general XX.X% XXXX, and the residential X X -- months conducted efficiency. period, tariff XX,XXX addition, inspections a of
first the X period integrated months for While years, this XXXX. conducted inspections were Moreover, efficiency. have been same of XXX,XXX XX.X% of the with during installed energy meters previous X,XXX a
In other new the of and micro observed. recovery with conventional meters energy, a mini Moreover, of fraud of also the rate of normal. to was besides implemented has normalization energy Regarding private back as customers meters, balances in balance neighborhoods. system development with as were customers put clandestine a recidivism well cases, the been
shown my to investors our concludes interest your our Edenor. would I in thank the on review this support Finally, by And participating like today. you, bondholders and and
We much. for through our chat. Thank are very open you questions now