ANRE Orders - 2021 distribution specific tariffs

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: 14 December 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 publication of the Romanian Energy Regulatory Authority (Romanian: ANRE, Autoritatea Nationala de Reglementare in Domeniul Energiei) Orders related to the specific tariffs for the electricity distribution service, applicable in 2021 for the distribution subsidiaries of Electrica Group

Societatea Energetica Electrica SA hereby informs that in the Official Gazette of Romania, part I, No. 1216/11.12.2020 were published: 

·        ANRE Order No. 220/09.12.2020 related to the approval of the specific tariffs for electricity distribution service and of the price for reactive electricity for Societatea de Distribuţie a Energiei Electrice Muntenia Nord S.A., applicable in 2021;

·        ANRE Order No. 221/09.12.2020 related to the approval of the specific tariffs for electricity distribution service and of the price for reactive electricity for Societatea de Distribuţie a Energiei Electrice Transilvania Nord S.A., applicable in 2021;

·        Order No. 222/09.12.2020 related to 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., applicable in 2021.

According to the ANRE orders, the specific tariffs for electricity distribution service for the three concessionaire distribution operators of Electrica Group, applicable starting with 1 January 2021, compared to the ones applicable starting with 16 January 2020 (the last time they were modified), are the following:

The electricity tariff used for invoicing is calculated by adding the specific tariffs for the electricity distribution service, depending on the voltage at the point of delimitation of electric installations belonging to the concessionaire distribution operator from those belonging to the end consumer, as set under the electricity distribution agreement.

The electricity distribution tariffs shown in the table above will be the basis of the income achieved from distributing electricity by distribution operators with Electrica Group in 2021.

We also mention the fact that, considering the merger of the three distribution operators within the Electrica Group, having as target effective date 31 December 2020, different regional distribution tariffs, as shown in the table above, will stay in force for 2021 (applicable for each region, i.e. Northern Muntenia, Northern Transylvania, Southern Transylvania).

The ANRE Orders related to the approval of the specific tariffs for electricity distribution service and of the price for reactive electricity for 2021 for the distribution subsidiaries of Electrica Group are available, in electronic format, on the Company's website at https://www.electrica.ro/en/investors/results-and-reports/current-reports/.

Chief Executive Officer                                 

Georgeta Corina Popescu