REG - Soc EnergElectricaSA - Related parties contracts EFSA-OPCOM & DEER-OPCOM

Societatea Energetica Electrica SAAnnouncement

05/01/2024 16:30

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RNS Number : 8434Y  Societatea Energetica Electrica SA  05 January 2024

To:                              Romanian
Financial Supervisory Authority (FSA)

 
Bucharest Stock Exchange (BSE)

                                    London
Stock Exchange (LSE)

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

Report date: 5 January 2024

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

Headquarters: 9 Grigore Alexandrescu Street, 1(st) 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: Conclusion of electricity sale-purchase
contracts through MACEE by EFSA and DEER, subsidiaries of Electrica, with
OPCOM

Electrica informs its shareholders and investors about the conclusion of two
contracts for the sale-purchase of electricity through the Centralized
Electricity Purchase Mechanism (MACEE), for the entire year 2024, according to
Article 108 of Law no. 24/2017, by Electrica Furnizare SA (EFSA) and
Distributie Energie Electrica Romania SA (DEER), subsidiaries of Societatea
Energetica Electrica SA (Electrica), with OPCOM. This mechanism (MACEE) is
foreseen in the Annex to GEO 153/2022.

The object of the contract is the sale by OPCOM and the purchase by EFSA and
DEER of the quantities of electricity allocated through MACEE (GEO 153/2022),
at the price of 450 lei/MWh in accordance with the legislation and rules
applicable to this mechanism.

The value of the EFSA - OPCOM contract is 917,655,210 lei - estimated value
for the year 2024, corresponding to an estimated quantity of 2,039,233.8 MWh
electricity and a contract duration of 12 months. The value can be updated
monthly according to the forecast additional quantity, in accordance with the
MACEE (GEO 153/2022). Guarantees amounting to 374,600,000 lei have been
provided for this contract.

The value of the DEER - OPCOM contract is 351,777,870 lei - estimated value
for the year 2024, corresponding to an estimated quantity of 781,728.6 MWh of
electricity and a contract duration of 12 months. The value can be updated
monthly according to the forecast additional quantity, in accordance with the
MACEE (GEO 153/2022). Guarantees amounting to 203,000,000 lei have been
provided for this contract.

In the periodic transactions reports according to art. 108 of Law no. 24/2017
related to EFSA - OPCOM, respectively DEER - OPCOM, Electrica will include the
actual transactions invoiced monthly according to the above-mentioned
contracts.

CFO

Stefan Frangulea

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