Approval of the tariffs for Electrica's DSO, DEER

Societatea Energetica Electrica SA

22 December 2023

 

To:      Bucharest Stock Exchange (BSE)

            London Stock Exchange (LSE)

Romanian Financial Supervisory Authority (FSA)

Current report in compliance with the Law 24/2017, republished, on issuers of financial instruments and market operations, Regulation FSA no. 5/2018 on issuers of financial instruments and market operations, and the Bucharest Stock Exchange Code

Report date: 22 December 2023

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BSE), London Stock Exchange (LSE)

Significant events to be reported: Information regarding the modification of specific tariffs for the electricity distribution service, for Societatea Distributie Energie Electrica România S.A. (DEER), Electrica's subsidiary

Electrica informs its shareholders and investors that the ANRE Order no. 115/20.12.2023 was published in the Official Gazette part I, no. 1163/21.12.2023, which modifies the specific tariffs for the electricity distribution service for DEER, Electrica's distribution subsidiary.

The new tariffs applicable from 1 January 2024 are shown in the table below, compared to those applicable from 1 April 2023:

Concessionaire distribution system operator	Voltage level	Specific tariff applicable from 1 Apr. 2023	Main component	Component related to additional costs with NL	Specific tariff applicable from 1 Jan. 2024	Main component	Component related to additional costs with NL	Δ
		(lei/MWh)	(lei/MWh)	(lei/MWh)	(lei/MWh)	(lei/MWh)	(lei/MWh)	(%)
(1)	(2)	(3)=(4)+(5)	(4)	(5)	(6)=(1)+(8)	(7)	(8)	(9)=(7)/(4))
DEER - Muntenia North area	IT	31.23	29.20	2.03	34.72	32.96	1.77	12.9%
	MT	69.44	58.33	11.11	74.69	65.71	8.98	12.7%
	JT	229.96	198.81	31.15	238.63	215.50	23.13	8.4%
DEER - Northern Transylvania area	IT	29.09	26.94	2.15	31.22	29.69	1.53	10.2%
	MT	71.38	60.90	10.48	74.86	67.85	7.01	11.4%
	JT	182.24	157.27	24.97	190.16	174.96	15.20	11.2%
DEER - Transylvania  South area	IT	28.48	26.85	1.63	29.55	28.38	1.17	5.7%
	MT	62.32	55.74	6.58	63.05	58.68	4.37	5.3%
	JT	171.97	150.17	21.8	185.49	172.23	13.26	14.7%

IT=High voltage, MT=Medium voltage, JT=Low voltage, NL=network losses

The electricity distribution tariffs used for billing shall be calculated by summing up the specific tariffs for the electricity distribution service according to the voltage level at the point of delimitation of the electrical installations belonging to the concessionaire distribution operator from those of the final customer, established according to the electricity distribution contract.

The electricity distribution tariffs will be the basis for the revenues from the electricity distribution activity achieved by the distribution operator within the Electrica Group during 2024.

The ANRE Order approving the specific tariffs for the electricity distribution service and of the price for reactive electricity for 2024 for DEER is available in electronic format on the Company's website at https://www.electrica.ro/en/investors/results-and-reports/current-reports/.

Contact: [e-mail] ; [phone]

Chief Distribution Officer

Livioara Sujdea

 

END