Change in distribution tariffs - applicable starting 16 January 2020

EL SOCIETATEA ENERGETICA ELECTRICA S.A.

To:                              Bucharest Stock Exchange (BSE)

                                    London Stock Exchange (LSE)

                                    Romanian Financial Supervisory Authority (FSA)

 

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

Report date: 16 January 2020

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) and London Stock Exchange (LSE)

 

Significant events to be reported:

 

The specific tariffs for the electricity distribution service for the distribution subsidiaries of Electrica Group and the regulated electricity tariffs applied by Electrica Group’s supplier of last resort to the final customers

Societatea Energetica Electrica SA informs that, following the approval of the Government Emergency Ordinance no. 1/2020 by which the contribution to ANRE is reduced from 2% to 0.2% of turnover, the specific tariffs for the electricity distribution service applicable starting with 16 January 2020 for Electrica Group’s distribution subsidiaries are modified by: 

·         ANRE Order no. 7/15.01.2020 for the amendment of ANRE Order no. 227/2019 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive electricity for Societatea de Distributie a Energiei Electrice Muntenia Nord S.A, published in the Official Gazette of Romania, part I, no. 28 / 16.01.2020;

·         ANRE Order no. 8/15.01.2020 for the amendment of ANRE Order no. 228/16.12.2019 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive electricity for Societatea de Distributie a Energiei Electrice Transilvania Nord S.A., published in the Official Gazette of Romania, part I, no. 28 / 16.01.2020;

·         ANRE Order no. 9/15.01.2020 for the amendment of ANRE Order no. 229/16.12.2019 regarding the approval of the specific tariffs for electricity distribution service and of the price for reactive electricity for Societatea de Distributie a Energiei Electrice Transilvania Sud S.A., published in the Official Gazette of Romania, part I, no. 28 / 16.01.2020;

According to the ANRE Orders, the specific tariffs for the electricity distribution service for the three concessionaire distribution operators of Electrica Group applicable starting with 16 January 2020, compared to those applicable starting with 1 January 2020, are the following:

 

 

 

 

Concessionaire distribution operator

Voltage level

Specific tariff applicable starting
16 Jan 2020 (lei/MWh)

Specific tariff applicable starting
1 Jan 2020 (lei/MWh)

Δ%

Societatea de Distributie a Energiei Electrice Muntenia Nord S.A.

High Voltage

16.68

16.97

-1.7%

Medium Voltage

36.48

37.12

-1.7%

Low Voltage

123.90

126.06

-1.7%

Societatea de Distributie a Energiei Electrice Transilvania Nord S.A.

High Voltage

18.77

19.11

-1.8%

Medium Voltage

45.54

46.37

-1.8%

Low Voltage

104.60

106.50

-1,8%

Societatea de Distributie a Energiei Electrice Transilvania Sud S.A.

High Voltage

20.31

20.69

-1.8%

Medium Voltage

41.03

41.80

-1.8%

Low Voltage

104.56

106.52

-1.8%

The regulated electricity tariffs applied by Electrica Group’s supplier of last resort, Electrica Furnizare S.A., to the final customers recorded no changes, remaining at the level approved through ANRE Order no. 241/2019, as follows:

- lei/MWh -

Voltage level

Area

North Muntenia

North Transylvania

South Transylvania

South Muntenia

Medium Voltage

0.34453

0.35846

0.35249

0.33034

Low Voltage

0.47059

0.46496

0.45901

0.44601

 

 

CEO                                                                            Chief Strategy Officer

Georgeta Corina Popescu                                          Anamaria Acristini-Georgescu