Societatea Energetica Electrica S.a. · BVB:EL
Societatea Energetica Electrica — Wood's Romania Investor Days in Bucharest 2024
28 slides from Societatea Energetica Electrica's conference presentation, Sep 5, 2024
Slide 1: Wood's Romania Investor Days in Bucharest - Appendices
Wood's Romania Investor Days in Bucharest 5-6 September 2024 Appendices Regulatory Aspects – Distribution Regulatory Aspects – Supply Public
Slide 2: Important Regulatory Changes – Distribution Activity (1/3)
Appendices - Regulatory Aspects - Distribution Important Regulatory Changes – Distribution Activity (1/3) ❑ RP4 and RP5 Regulations on Distribution tariffs • RRR: ANRE approved Order no. 75 of 6 May 2020, which established a regulated rate of return (RRR) for electricity and gas, distribution and tr
Slide 3: Important Regulatory Changes – Distribution Activity (2/3)
Appendices - Regulatory Aspects - Distribution Important Regulatory Changes – Distribution Activity (2/3) ❑ The methodology for establishing distribution tariffs for PR5 – phase II - public consultation II. RAB / CAPEX ▪ RAB RP5 will be inflated with the annual IR used to calculate the RRR, the IR w
Slide 4: Important Regulatory Changes – Distribution Activity (3/3)
Appendices - Regulatory Aspects - Distribution Important Regulatory Changes – Distribution Activity (3/3) Draft Order regarding the modification and completion of the Framework Conditions for the realization of the implementation calendar of the smart electricity metering systems at the national lev
Slide 5: Changes in Distribution Regulation - RP4
Appendices Changes in Distribution Regulation - RP4 Regulated Revenue and tariff calculation 1 2 3 4 5 6 7 8 7 Regulated Revenue Reactive en. Regulated Contr. Non- Tariff NL Cost Depreciation RRR2 & 95% profit Revenue OPEX1 controllable other activ. 9 Forecasted Volume OPEX 1 • The starting point is
Slide 6: Changes in Distribution Regulation
Appendices - Regulatory Aspects - Distribution Changes in Distribution Regulation Methodology for determining distribution tariffs - Summary RP4 vs RP3 RP3 RP4 1 RRR January 2019: 5.66% existing RAB & 1% incentive RP4 network invest.(acc. ANRE) Return RRR (7.7%) applied to RAB 29 March 2019–30 April
Slide 7: Changes in Distribution Regulation: Comparative elements RP4 vs RP3
Appendices - Regulatory Aspects - Distribution Changes in Distribution Regulation Methodology for determining distribution tariffs – Comparative elements RP4 vs RP3 RAB & Investment RP3 methodology RP4 methodology 1. RAB includes: assets used for the distribution service, which are recorded into the
Slide 8: Changes in Distribution Regulation: Comparative elements RP4 vs RP3
Appendices - Regulatory Aspects - Distribution Changes in Distribution Regulation Methodology for determining distribution tariffs – Comparative elements RP4 vs RP3 Opex & NL RP3 methodology RP4 methodology Controlable OPEX 1. OpexC 2019 is established based on formula (approved 1. OpexC 2019 is not
Slide 9: Regulatory Developments – Supply (1/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (1/17) GEO no. 27/2022 on the measures enforceable for the end consumers of the electricity and natural gas market from 1 April 2022 until 31 March 2023, amending and completing
Slide 10: Regulatory Developments – Supply (2/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (2/17) Law No. 206/2022 to approve Government Emergency Ordinance No. 27/2022 regarding the measures applicable to final customers on the electrical energy and natural gas market
Slide 11: Regulatory Developments – Supply (3/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (3/17) GEO no. 119/2022 - to amend and supplement the GEO n98xo. 27/2022 on the measures applicable to final customers on the electrical energy and natural gas market during 1 Ap
Slide 12: Regulatory Developments – Supply (4/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (4/17) Law no. 357/2022 - Law on the approval of Government Emergency Ordinance no. 119/2022 for the modification and completion of Government Emergency Ordinance no. 27/2022 on
Slide 13: Regulatory Developments – Supply (5/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (5/17) • maximum 1 leu/kWh, for the full consumption of public and private hospitals, public and private education units, nurseries and public and private providers of social ser
Slide 14: Regulatory Developments – Supply (6/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (6/17) Law no. 5/2023 - Law on the modification and completion of Law no. 220/2008 on the establishment of the system for the promotion of energy production from renewable energy
Slide 15: Regulatory Developments – Supply (7/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (7/17) GEO no. 30/2023 — Ordinance for the establishment of certain budgetary measures concerning the use of the solidarity contribution established by Government Emergency Ordin
Slide 16: Regulatory Developments – Supply (8/17)
Appendices - Regulatory Aspects – Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (8/17) GEO no. 32/2024 — Emergency Ordinance for the amendment and completion of the Government's Emergency Ordinance no. 27/2022 regarding the measures applicable to end custome
Slide 17: Regulatory Developments – Supply (9/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (9/17) GD no. 318/2024 — Decision on the approval of the general framework for the implementation and operation of the support mechanism through contracts for the difference for
Slide 18: Regulatory Developments – Supply (10/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (10/17) ME order no. 353/2024 — Order of the Minister of Energy for the approval of the State Aid Scheme regarding the support of investments in new electricity production capaci
Slide 19: Regulatory Developments – Supply (11/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (11/17) GEO no. 68/2024 — Emergency Ordinance for the amendment and completion of the Government's Emergency Ordinance no. 166/2022 regarding some measures to provide support to
Slide 20: Regulatory Developments – Supply (12/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (12/17) ANRE order no. 1/2024 — Order for the approval of the Methodology regarding the determination of the level of the minimum stock of natural gas that must be established in
Slide 21: Regulatory Developments – Supply (13/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (13/17) ANRE order no. 6/2024 — Order for the amendment and completion of the Regulation for the supply of electricity to final customers, approved by the Order of the president
Slide 22: Regulatory Developments – Supply (14/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (14/17) ANRE order no. 9/2024 — Order for the modification of the Order of the president of the National Energy Regulatory Authority no. 124/2022 regarding the approval of the Ru
Slide 23: Regulatory Developments – Supply (15/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (15/17) ANRE Order no. 14/2024 — Order regarding the approval of the Procedure for confirming the right to participate in the electricity/natural gas markets in Romania of foreig
Slide 24: Regulatory Developments – Supply (16/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (16/17) ANRE Order no. 48/2024 — Order amending the Order of the President of the National Energy Regulatory Authority no. 123/2017 on the approval of the contribution for high-e
Slide 25: Regulatory Developments – Supply (17/17)
Appendices - Regulatory Aspects - Supply Regulatory-related Developments entered in force until 1 September 2024 – Supply (17/17) ANRE Order no. 54/2024 — Order for the modification and completion of the Commercial Rules regarding the collection, processing and transmission of the measured values o
Slide 26: Glossary
Glossary ANRE Romanian Energy Regulatory Authority IFRS International Financial Reporting Standard B2B Business to Business IMS Integrated Management System BET-TR Bucharest Exchange Trading - Total Return Index IPO Initial Public Offering BM Balancing Market LSE London Stock Exchange BoD Board of D
Slide 27: 2024 Financial Calendar
2024 Financial Calendar • 29 February Publication of the Preliminary Financial Results for FY 2023 • 6 March Publication of the 2023 financial annual results - documents for the Ordinary General Meeting of Shareholders on 25 April 2024 • 11 March Investor and analyst teleconference for presentation
Slide 28: Investor Relations & Disclaimer
Investor Relations & Disclaimer • Email: ir@electrica.ro • Web: https://www.electrica.ro/en/investors/ Investor Relations • Tel: +40 (0)21.208.50.35; +40 731 796 111 • Address: 9 Grigore Alexandrescu Str., 1st District, Bucharest, 010621 This document has been prepared by Electrica and is for inform
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