Integrated report 2018

Read the full report

Revealing
the invisible

Why an integrated
report?

We are publishing our first integrated report to provide you with an improved vision of the current status of electricity transmission grid operator RTE. The report is designed to reveal the invisible.

As the name indicates, an “integrated” report brings together different types of information to provide a clear summary of the company’s activities, impact and performance, in financial, human, social and environmental terms.

With this report, we aim to show you:

  • How we meet the challenges in our environment today,
  • How our strategic choices enable us to prepare for the future,
  • How our activities create value in a shared and sustainable manner.

View the full report.

Who is the report aimed at?

The report is intended to be read by anyone – customers, employees, investors, business partners, public authorities and associations – who wants to understand, analyse and measure RTE’s overall performance, and its interactions with society.

In addition to the integrated report, RTE publishes content throughout the year for its various different audiences (customers, investors/analysts or those who wish to find out the latest news about RTE).

We are europe's leading electricity transmission grid operator

Our missions

Our three main missions are as follows:

Our organisation

Because we are responsible for the security of electricity supply across the whole country, our activity has to be subject to oversight. We carry out our public service missions within the framework of a regulated monopoly. The majority of our resources come from the Electricity Transmission System User Tariff (TURPE), which is fixed by the French Energy Regulation Commission (CRE).

Ongoing Changes
at RTE

The key challenges arising from the energy transition and European cooperation on energy have led RTE to embark on a series of profound changes. Faced with an environment in turmoil in technological, economic and social terms, RTE must continue its transformation to meet its challenges at regional, national and European level by embedding performance at the heart of its business model. This is why RTE, working with all specialisms across the company, has given its “Impulse & Vision” project a long-term focus that will take it up to 2025.

This broad-based corporate project is based on five key areas of focus:

Enhancing our leadership at European level

In words

At a time when an increasing proportion of our activities and key challenges are unfolding at European level, RTE needs to change in a number of domains to boost its capacity for influence. In particular, we need to mobilise our resources more effectively behind our strategy, by ensuring that all our employees work toward a shared vision with clearly visible initiatives and a unifying model.

In figures

  • 43 TSOs in 36 European countries are linked via 420 interconnections
  • 50 cross-border links 105,857 km of links (+540 km of underground links and -239 km of overhead links in 2017)

In Actions

video

Situated at the heart of the European electricity transmission system, RTE’s network supplies electricity to the whole of France, as well as to Europe, via 50 interconnections with neighbouring countries.

Developing our local services offering to meet the expectations of customers and countries/regions

In words

RTE wishes to forge stronger local links with businesses and players at country and regional level. This involves: listening more actively to the needs and expectations of customers, the general public and public authorities; development of projects on a joint basis from an early stage; and closer relationships with other facilities developers.

In figures

  • 88 % of customers satisfied in 2018 (+2 % compared with 2017)

In Actions

video

Our Customer Meetings in 2018 met the expectations of 250 customers who came to talk to RTE employees at a special one-day event devoted to jointly constructing the services of tomorrow.

Adapting our industrial model

In words

RTE’s future performance will depend on its capacity for coordinated forward planning of system management and electrical/digital infrastructure development. Technological advances will enable RTE to leverage such significant developments in the electrical ecosystem to drive continuous performance optimisation in electrical system management, and the development and management of IS and telecoms assets.

In figures

  • €60m per year on development of electricity management software
  • Almost €800m per year invested by RTE in developing and maintaining its assets
  • RTE’s objective for 2025 is to have 3 major specialist centres at 9 locations in France.

In Actions

video

R#SPACE, the new-generation protection and control system for electrical substations, developed by RTE in partnership with Siemens, enables smart capabilities to be distributed more extensively to the different parts of a substation.

Boosting the efficiency of our corporate functions

In words

Corporate activities are an integral part of operational processes. They include the following functions: HR, finance, purchasing, communications, legal, institutional relations, property/logistics, audit & risk, health, safety & quality of life in the workplace, CSR, and tertiary information systems. Repositioning the corporate functions as genuine business partners, making them more attractive, and strengthening their role, will help make the company more agile and boost its performance.

In figures

  • 100% of orders computerised in 2019

In Actions

video

Héloïse, IS architect, talks about the shared cloud hosting offer within RTE.

Supporting all employees to participate in the
“Impulse & Vision” project

In words

In order to succeed, the “Impulse & Vision” project needs RTE’s employees to be fully involved. That’s why the RTE HR Department will be supporting each and every one of our employees to enable them to be genuine players in “Impulse & Vision”.

In figures

  • 7 regional employment zones

In Actions

video

Employees in the field tell us about some of the new management practices at RTE.

Our
activities
create value
for all

Like any public service organisation, RTE bears a great responsibility: we have to deliver exemplary performance in technical and economic terms, because we know that the performance of our network also determines that of our customers and our regions and countries of operation.

But our ambition to deliver an enhanced public service means that we have to go even further. Our performance has to have a comprehensive focus that encompasses human, environmental and other issues. The model below explains how we create financial and extra-financial value to benefit a broad array of stakeholders.

Our business model/value
creation model

  • New challenges

    RTE, like any company, is affected by transitions taking place at global level which require us to continuously adapt how we work in order to anticipate new challenges, manage the associated risks, and seize the opportunities that they bring.

  • Stabilisation of energy demand and development of new uses
  • Growth in ­ renewable energies
  • Decentralisation of production, self‑consumption and storage
  • Digital transformation
  • Consideration of societal expectations in infrastructure evolution
  • Our Mission

    RTE’s role goes well beyond the concept of electricity transmission. Because it can only be stored in limited quantities, electricity has to be consumed as soon as it is generated. This means that our role at the heart of the electrical system is absolutely vital.

  • To ensure everyone in France and in Europe has access to safe, reliable, clean and economical electricity supplies, 24 hours a day, 7 days a week, 365 days a year
  • To successfully master the energy transition by embracing renewable energies and optimising their contribution, and shedding light on political decisions
  • To promote the development of the industrial base, and help ensure the competitiveness of French companies
  • Our resources

    We draw on all of our available resources to meet the challenges posed by this changing environment.

  • infrastructure
    • No. 1 TSO in Europe in terms of grid size and volume of investment (€1.4bn in 2018)
    • 50 cross-border links
    • 105,857km of links (-309 km of overhead links and +205 km of underground links in 2018)
    • 2,770 RTE substations in operation (+26 in 2018)
    • More than 22,500 km of fibre-optic cable
    Human
    • 8,647 employees,
    • 496 apprentices
    consumption
    • 10.9 TWh of electrical losses
    • Consumption of metals:
    • almost 21,000 tonnes of aluminium
    • almost 33,000 tonnes of iron
    • almost 2,000 tonnes of copper
    Relationships
    • Transparency (processes, data)
    • Expertise in dialogue
    • More than 200 national partnerships, including around one hundred in R&D
    Intellectual
    • 200 contributors to R&D activities
    • Almost €35m per year devoted to R&D
    • Teams dedicated to analyses and forecasts on the operation of the electrical system and security of supply
  • Our expertise

    We draw on three areas of expertise to fulfil our missions: infrastructure management, electrical system operation, and design of market mechanisms.

  • Infrastructure management
    • RTE builds, operates and maintains the electricity transmission grid, which is permanently evolving in order to increase line capacity, create new cross-border links, connect renewable energies, and improve the quality of supply.
    Electrical system operation
    • RTE adjusts electricity generation and consumption in real time, ensures security of supply, and guarantees electrical solidarity in France and in Europe.
    Design of market mechanisms
    • RTE organises the electricity markets with mechanisms that allow the cheapest available production sources to be called upon, across Europe.
    Research, innovation, combining power with digital
    • RTE integrates digital technologies to make its grid more flexible.
  • Value created

    By using our expertise to fulfil our missions, we create financial and extra-financial value, both directly and indirectly, for a range of stakeholders.

  • For rte
    • €4,648m in revenues
    • €2,059m in EBITDA
    • Ratings: S&P: A / Oekom: B-
    For the economy
    • 72,450 jobs supported
    • €6.8bn of GDP in France
    For our customers
    • 99.9994% continuity of electricity supply
    • 88% customer satisfaction rate
    • Producers: 2.5 TWh extracted, 485.7 TWh injected
    • Distributors: 11.8 TWh injected 340,2 TWh extracted
    • Market player: 26.1 TWh of imports, 86,3 TWh of exports
    • Industrial and rail customers: 3.5 TWh injected, 64 TWh extracted
    For our employees
    • 16th in the top 500 best employers in France (Capital magazine)
    • 15:1  pay ratio between the highest and lowest paid employees
    For the regions
    • 46,639 MW of renewable energy capacity connected to HVA and HVB networks
    For the environment
    • 87.5% of waste recycled
    • 1,043 hectares of property favourable to biodiversity
More than
190
local
establishment
2 718
substations including
30 new substations
in 2018
477twh
energy injected on the grid
105 660Km
of high and very-high voltage lines (between 63 000
and 400 000 V) including
938 km of new and renew
lines in 2018
99.9994%
continuity of
electricity supply
22 000Km
of optical fibers
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