REG - Soc EnergElectricaSA - Transactions related parties - DEER and EFSA

Societatea Energetica Electrica SAAnnouncement

12/02/2021 15:00

RNS Number : 9969O
  
Societatea Energetica Electrica SA
  
12 February 2021
  
 

To:                              Romanian Financial Supervisory Authority (ASF)
                                    Bucharest Stock Exchange (BVB)
                                    London Stock Exchange (LSE)
Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code 
Report date:  12 February 2021
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 (BVB) and London Stock Exchange (LSE)
 
Significant events to be reported: Transactions with related parties according to Art. 923 para (12) of Law No. 24/2017 concluded by Distributie Energie Electrica Romania SA (DEER) and Electrica Furnizare SA (EFSA), subsidiaries of Societatea Energetica Electrica SA (Electrica)
Electrica informs its shareholders and investors about the conclusion, on 11 February 2021, of a transaction between DEER and EFSA, Electrica's subsidiaries, that has a value that, cumulated with the rest of the transactions concluded/executed in the period 1 January-11 February 2021, exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, respectively exceeds the value of RON 199,406,795. 
Details regarding the transaction concluded on 11 February 2021 which led to exceeding the aforementioned threshold, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.
Details regarding the rest of the transactions already concluded in the period 1 January-11 February 2021, which, individually or cumulatively, did not meet the requirement provided in art. 923 para. (3) of Law no. 24/2017, but which cumulated with the transaction presented in Annex 1 lead to exceeding the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2019, are presented in Annex 2.
 
Chief Executive Officer                                                                                 
Georgeta Corina Popescu                                                       




  Annex 1: Details regarding the transactions concluded by DEER and EFSA on 11 February 2021 of the kind listed in Art. 923 of Law No. 24/2017
Services provider: DEER-TN
Beneficiary: EFSA
 



Agreement Type and No., execution date


Scope of transactions


Amount of transactions (RON th.)


Invoice Number / Date


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




103 / 10 Mar 2016


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator


36,410.65


AFFTN9710008564/11.02.2021


1 April 2016


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




Transactions total amount (RON th.):


36,410.65






















 



















 
Due and not due mutual debts of EFSA to DEER at 10.02.2020: RON 183,450.38 th.
Due and not due mutual debts of DEER to EFSA at 10.02.2020: RON 4,226.8 th.
 




 
Annex 2:
Details regarding the transactions concluded by DEER and EFSA in the period 1 January - 11 February 2021 of the kind listed in Art. 923 of Law No. 24/2017
 



Agreement Type and No., execution date


Scope of transactions


Amount between
1.01 -11.02.2021 (RON th.)


Date of entry into force


Expiry date


Guarantees (RON th.)


Penalties  


Payment due dates and payment methods




Services provider: DEER-TN
Beneficiary: EFSA




22/15 Feb 2018; Add. 5/31 Dec 2020 and Concession Contract 61/4 Apr 2018


Providing the representation service as Balancing Responsible Party  


                                      518.95 
 


1 January 2018


31 December 2021 with the possibility of extension ipso jure and without fulfilling any formality, for periods of 12 months, if neither party requests the termination of the contract at least 30 calendar days before its expiration


N/A 


If the purchaser does not fulfill, partially or totally, any payment obligation, he has the obligation to pay, as penalties, an amount equivalent to a percentage of the unpaid payment. The percentage for each day of delay, until the actual fulfillment of payment obligations is that of interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date until the day of payment (exclusive).


Payment is made within 3 working days from the date of receipt of the invoice




30275/30 Sept 2015


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator


147.95  


1 October 2015


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




33802/1 Jul 2015


1 July 2015




43670/17 Nov 2015


1 December 2015




426/SM/30 Dec 2015


1 January 2016




10019 BN/1 Oct 2015


1 October 2015




71107/11 Aug 2015


1 September 2015




32476/9 Dec 2015


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator


696.17


1 January 2016


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




33799/1 Jul 2015


1 July 2015




43264/20 Oct 2015


1 November 2015




425/SM/23 Dec 2015


1 January 2016




10018 BN/1 Jul 2015


1 July 2015




70866 /1 Jul 2015


1 July 2015




103 / 10 Mar 2016


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator


40,813.16


1 April 2016


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - other services as DO


10.50


If the supplier does not pay the invoices related to the EDN intervention services within 30 days from the due date, the distribution operator will claim delay penalties of 0.01% for each day of delay, calculated at the unpaid amount, starting with the first day after the due date, until the day of payment (exclusively). The value of the penalties may not exceed the amount due.


Payment is made within 30 calendar days from the date of issuing the invoice




Convention 50277/22 Feb 2016; AD 53229 A/20 Oct 2020 - Bistrita


Re-invoicing utilities expenses


10.36


1 January 2016


31 decembrie 2023


N/A


For delays in the payment of the invoice of more than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay late payment penalties of 0.03% applied to the amount due for each calendar day of delay, starting with the first day after due date. The value of the penalties will not exceed the value of the outstanding debt


Payment is made within 10 calendar days from the date of registration of the invoice to the tenant




Convention 30728/22 Feb 2016, AD. 4/56021/7 Oct 2020 - Oradea


4.19


1 January 2016




Convention 60380/22 Feb 2016, AD SM 63761A/ 16 Dec 2020 - Satu Mare  


14.14


1 January 2016




Convention 1193/9 Jan 2017, AD3/21 Sept 2019 - Baia Mare


6.53


1 January 2017




Convention 17/ 28 Feb 2019 - Cluj


11.95


1 March 2019




Convention 70022/5 Jan 2017, AD 71117A/1267/18 Jul 2018 - Zalau


1.53


1 January 2017




Convention E12.2.59/8 Mar 2011 - Oradea - utilities breakdown FEE Oradea building -headquarters                                                


5.65


1 February 2011


Non-payment of the invoice within 30 days from the due date authorizes the lessor to request late-payment penalties equal to the late-payment penalties due for not paying the tax obligations to the state budget in due time, applied to the amount due for each day of delay, starting with day following the due date and until the date of settlement of the amount due, exclusively. The value of the penalties may not exceed the value of the outstanding debt.




487/29 Aug 2007;

AD 45/29 Dec 2020


Communications services


33.11


1 August 2007


30 June 2021


N/A


In case of not fulfilling the payment obligations, the beneficiary will pay in addition to the amount due a penalty to this amount, corresponding as percentage to the interest due for not paying the obligations to the state budget in due time, for each day of delay until the payment date (exclusive). The total value of the penalties may not exceed the value of the amount due.


Payment is made within 30 working days from the date of registration of the invoice by the beneficiary. Payment of invoices can also be made by compensation in compliance with the legislation in force.




Re-invoicing communications services


19.89




489/29 Aug 2007; AD 48/29 Dec 2020 (contract extension for the period 1 January 1 - 30 June 2021)


IT Services
 
Contract with fix price


Amount to be executed starting 1 Jan 2021:
374.51


1 August 2007


30 June 2021


N/A


In case of not fulfilling the payment obligations, the beneficiary will pay in addition to the amount due a penalty to this amount, corresponding as percentage to the interest due for not paying the obligations to the state budget in due time, for each day of delay until the payment date (exclusive). The total value of the penalties may not exceed the value of the amount due.


Issuance of the invoice with the amount to be paid for the concluded contractual month is made in the first 10 days of the month following each contractual month. Payment is made within 30 calendar days from the date of registration of the invoice by the beneficiary, at the bank and in the Provider's account.




817/30 Dec 2015; AD 11/6 Jan 2021 (increase of the rent. The initial value was published in the current report dated 11 September 2020)


Building rental services
 
Contract with fix price


Amount to be executed starting 1 Jan 2021:
EUR 379.18 th.


1 January 2016


31 December 2023


N/A


Non-payment of rent at due date authorizes the lessor to receive late-payment penalties equal to the late-payment penalties due for not paying the tax obligations to the state budget in due time, applied to the amount due for each day of delay, starting after the due date and until the date of settlement of the amount due, exclusively. The value of the penalties may not exceed the value of the outstanding debt.


Payment is made within 10 days from the date of registration of the invoice to the tenant.




Services provider: DEER-TS 
Beneficiary: EFSA




C-3831/D/700/15 Mar 2016 and AD 8/18 Jun 2020


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator 


70,370.15


1 April 2016


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




C-3831/D/700/ 15 Mar 2016 and AD 2/1 Aug 2016


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - other services as distribution operator


6.96


If the supplier does not pay the invoices related to the EDN intervention services within 30 days from the due date, the distribution operator will claim delay penalties of 0.01% for each day of delay, calculated at the unpaid amount, starting with the first day after the due date, until the day of payment (exclusively). The value of the penalties may not exceed the amount due.


Payment is made within 30 calendar days from the date of issuing the invoice.




C-12310/D/700/29 Jul 2015


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator 


104.96


1 August 2015


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




C-12445/D/700/30 Jul 2015


1 August 2015




C-16355/D/700/30 Sept 2015


1 October 2015




C-22054/D/700/21 Dec 2015


1 January 2016




C-22271/D/700/23 Dec 2015


1 January 2016




C-22578/D/700/29 Dec 2015


1 January 2016




C-14893/D/700/9 Sept 2015


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator 


802.67


10 September 2015


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




C-16091/D/700/28 Sept 2015


28 September 2015




C-22046/D/700/21 Dec 2015


1 January 2016




C-22050/D/700/21 Dec 2015


1 January 2016




C-22255/D/700/22 Dec 2015


1 January 2016




C-22562/D/700/29 Dec 2015


1 January 2016




C - 1782/S/7000/31 Jan 2018,

C - 6153/N/7000/23 Mar 2018, AD 6 -C32219/S/7000/22 Dec 2020


Providing the representation service as Balancing Responsible Party  


363.12


1 February 2018


31 December 2020 - the invoiced amounts refer to the services provided until 31 December 2020; starting with 1 January 2021, the contract terminated


N/A 


If the purchaser does not fulfill, partially or totally, any payment obligation, he has the obligation to pay, as penalties, an amount equivalent to a percentage of the unpaid payment. The percentage for each day of delay, until the actual fulfillment of payment obligations, is that of interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date until the day of payment (exclusive)


Payment is made within 3 working days from the date of receipt of the invoice




C-1345/I/7000/23 Jan 2019; AD2/18 Dec 2020 (rent decrease)


Building rental services
 
Contract with fix price


Amount to be executed starting 1 Jan 2021: EUR 1,374.59 th


1 January 2019


31 December 2023


N/A


In case of not fulfilling the payment obligations on the due date, the tenant has the obligation to pay, as penalties, an amount equivalent to 0.02% of the unpaid amount on time, for each day of delay, starting with the next day after the due date until actual payments.


Payment is made within 10 working days from the date of registration of the invoice by the tenant.




Re-invoicing buildings rental services


44.62




C-320/14 Sept 2007; AD54/30 Dec 2020 


Telecommunications services


14.11


14 September 2007
 


30 June 2021


N/A


If the beneficiary does not pay the invoices until the due date, he has the obligation to pay, as penalties, an amount equivalent to the percentage of interest due for not paying the obligations to the state budget in due time, to the amount not paid on time for each day of delay starting with the next day of the due date until the date of the actual payment, inclusive. The amount of the penalties may not exceed the amount on which it is calculated.


Payment is made within 10 working days from the date of registration of the invoice by the Beneficiary




Re-invoicing telecommunications services


2.46




C-319/14 Sept 2007; AD52/23 Dec 2020


IT services


99.84


1 August 2007


30 June 2021


N/A


If the beneficiary does not pay the invoices until the due date, he has the obligation to pay, as penalties, an amount equivalent to the percentage of interest due for not paying the obligations to the state budget in due time, from the unpaid amount for each day of delay starting with the next day of the due date until the date of the actual payment. The amount of the penalties may not exceed the amount on which it is calculated.


Payment is made within 10 working days from the date of registration of the invoice by the Beneficiary




Services provider: DEER-MN
Beneficiary: EFSA




21/15 Feb 2018; AD 6/24 Dec 2020


Providing the representation service as Balancing Responsible Party  


1,197.50


1 February 2018


31 December 2020 - the invoiced amounts refer to the services provided until 31 December 2020; starting with 1 January 2021, the contract terminated 


N/A


If the purchaser does not fulfill, partially or totally, any payment obligation, he has the obligation to pay, as penalties, an amount equivalent to a percentage of the unpaid payment. The percentage for each day of delay, until the actual fulfillment of payment obligations, is that of interest due for not paying the obligations to the state budget in due time, applied starting with the first day after the due date until the day of payment (exclusive)


Payment is made within 3 working days from the date of receipt by email / fax




R102263/30 Mar 2016


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator


41,682.53


1 April 2016


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator - interventions in the distribution network (EDN)


4.06


If the supplier does not pay the invoices issued by the distribution operator within 30 days from the due date, the distribution operator will claim delay penalties of 0.01% for each day of delay, calculated at the unpaid amount, starting with the first day after the due date, until the day of payment (exclusively). The value of the penalties may not exceed the amount due.


Payment is made within 30 days from the date of issuing the invoice.




R107203/28 Jul 2015


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator


63.73


1 August 2015


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




R106538/7 Jul 2015


10.01




R107111/27 Jul 2015


6.23




R106673/11 Jul 2015


11.48




R107426/31 Jul 2015


27.27




R107421/31 Jul 2015


16.58




R112651/16 Dec 2015


Providing electricity distribution service by the distribution operator for users, end customers of the supplier, whose installations are connected to the electricity network of the distribution operator


25.53


1 January 2016


N/A


N/A


In case of not fulfilling the payment obligations within 30 days from invoice's due date, the supplier will pay, in addition to the amount due, a penalty interest corresponding as a percentage of interest due for not paying the obligations to the state budget in due time, calculated for each day of delay starting with the first day after the due date until the day of payment (exclusive). The total value of the penalty interest may not exceed the value of the amount due.


Issuance of the invoice with the payment amount for the concluded contractual month is made in the first 10 working days of the month following each contractual month. Payment is made within 10 working days from the date of issuing the invoice, in case of its communication by e-mail, or within 10 days from the date of sending the invoice, otherwise.




R110808/5 Nov 2015


4.52


1 December 2015




R112463/15 Dec 2015


5.78


1 January 2016




R112920/21 Dec 2015


4.80


1 January 2016




R111559/25 Nov 2015


2.08


1 December 2015




R112798/18 Dec 2015


5.21


1 January 2016




28/25 Jan 2008; AD 20/28 Dec 2020 (prolongation of the contract for the period 1 January -31 December 2021)


Building rental services
 
Contract with fix price


Amount to be executed starting 1 Jan 2021:
RON 5.15 th.


1 ianuarie 2018


31 decembrie 2021


N/A


Failure to pay the rent in due time incurs a penalty of 0.06% on the amount due, for each day of delay, starting with the first day following the day on which the amount became due.


Payment is made within 30 days from the date of registration of the invoice by the lessor.




R4990/31 Oct 2012, AD 18/30 Dec 2020


Providing IT services


0.59


1 November 2012


30 June 2021


N/A


If the beneficiary does not pay the invoices issued by the provider within 30 days from the due date, the Provider is entitled to claim penalties of 0.04% per day of delay, calculated at the unpaid amount. The value of the calculated penalties may not exceed the amount due.


Payment is made within 60 days from the date of registration of the invoice by the beneficiary




Services provider/seller: EFSA 
Beneficiary/buyer: DEER-TN




22/15 Feb 2018; AD 4/16 Dec 2019; AD 5/31 Dec 2020


Providing the representation service as Balancing Responsible Party  


2,503.95


1 January 2018


31 December 2021 with automatic extension for periods of 12 months according to AD 4/16 Dec 2019


N/A


If, through his sole fault, the Provider fails to fulfill its obligations under the contract, the Buyer has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the monthly tariff established.


Payment is made within 3 working days from the date of receipt of the invoice




189/27 Mar 2017; AD 4/8 Dec 2020


Extension of the contract for electricity supply on the competitive market between 1 January 2021 and 31 December 2021
 
Contract with fix value*
 


Amount to be executed starting 1 Jan 2021: 5,274.87


1 April 2017


31 December 2021


N/A


Failure of the client to pay the invoice within 30 days from the due date, entails penalties for each day of delay, as follows:
a) the penalties are equal to the level of interest due for failing to pay on time the budgetary obligations, established according to the regulations in force
b) the total value of the penalties may not exceed the value of the invoice


Due date 30 days from the date of issuing the invoice.
 




Convention 72/26 Jan 2017, AD 2/1 Mar 2019, referring to rental services contract 885/31 Dec 2015
 


Re-invoicing common expenses


1.05


1 January 2017


31 December 2023


N/A


For delays in the payment of the invoice for more than 30 days from the due date, the lessor has the right to charge, and the lessee has the obligation to pay, delay penalties of 0.03% applied on the amount due, for each calendar day of delay, starting with the first day after the due date. The value of the penalties may not exceed the value of the outstanding debt.


Payment is made within 10 days from the date of registration of the invoice with the tenant




Convention 13/2 Feb 2017 referring to rental services contract 885/31 Dec 2015


Re-invoicing common expenses


                                        0.06 
 


1 January 2017


31 December 2023


N/A


N/A


Payment is made within 10 days from the date of registration of the invoice with the tenant




Convention 21/18 Feb 2010 


Re-invoicing common expenses - water/sewage


0.01


19 January 2010


N/A


N/A


Failure to pay the invoice within 10 days from the due date, authorizes FEE Electrica Furnizare Transilvania Nord Oradea to receive late-payment penalties equal to the level of late-payment penalties charged by Compania de Apa Oradea, applied to the amount due for each day of delay, starting with the day after the due date and until the date of settlement of the amount due, exclusively.


The due date of the invoice is 10 days from the date of registration of the invoice at SDEE Oradea.




Services provider/seller: EFSA 
Beneficiary/buyer: DEER-TS




23/15 Feb 2018; AD 6/22 Dec 2020


Providing the representation service as Balancing Responsible Party  


1,035.69


1 February 2018


31 December 2020 - the invoiced amounts refer to the services provided until 31 December 2020; starting with 1 January 2021, the contract terminated


N/A


If, through his sole fault, the Provider fails to fulfill its obligations under the contract, the Buyer has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to a percentage of 1.5% of the tariff established monthly delivery.


Payment is made within 3 working days from the date of receipt of the invoice




20214739-1/23 Oct 2018; AD 2/8 Dec 2020


Extension of the contract for electricity supply on the competitive market between 1 January 2021 and 31 December 2021
 
Contract with fix value*


Amount to be executed starting 1 Jan 2021: 6,096.16


1 January 2019


31 December 2021


N/A


Failure of the client to pay the invoice within 30 days from the due date, entails penalties for each day of delay, as follows:
a) for due amounts late payment penalties will be calculated as 0.02% applied to them, for each day of delay, starting with the due date exclusively and until the payment date inclusive;
b) the total value of the penalties may not exceed the value of the invoice


Due date 30 days from the date of issuing the invoice.




876/31 Dec 2015, AD 3/18 Jan 2019
 


Re-invoicing utilities expenses


4.93


1 January 2016


31 December 2023


N/A


In case of failure to pay the obligations on the due date, the tenant has the obligation to pay, as penalties, an amount equivalent to 0.02% of the amount not paid on time, for each day of delay, starting with the day after the due date, until on the date of actual payment.


Payment of the invoice will be made by transfer within 10 working days from the date of registration of the invoice by the tenant




Services provider/seller: EFSA 
Beneficiary/buyer: DEER-MN




21/15 Feb 2018; AD 6/24 Dec 2020 


Providing the representation service as Balancing Responsible Party  


10,854.10


1 February 2018


31 December 2020 - the invoiced amounts refer to the services provided until 31 December 2020; starting with 1 January 2021, the contract terminated


N/A


If, through his sole fault, the Provider fails to fulfill its obligations under the contract, the Buyer has the right to deduct from the tariff established by the contract, as penalties, an amount equivalent to 1.5% of the fixed tariff of the respective month.


Payment is made within 3 working days from the date of receipt of the invoice by email/fax




1219/12 Dec 2018;  AD3/8 Dec 2020


Extension of the contract for electricity supply on the competitive market between 1 January 2021 and 31 December 2021
 
Contract with fix value*


Amount to be executed starting 1 Jan 2021: 7,062.77


1 January 2019


31 December 2021


N/A


Failure of the client to pay the invoice within 30 days from the due date, entails penalties for each day of delay, as follows:
a) for due amounts late payment penalties will be calculated as 0.01% applied to them, for each day of delay, starting with the due date exclusively and until the payment date inclusive;
b) the total value of the penalties may not exceed the value of the invoice


Due date 30 days from the date of issuing the invoice.




Services provider/seller: EFSA 
Beneficiary/buyer: DEER




268/29 Aug 2007; AD 16/18 Feb 2020 - TN


Re-invoicing - pensioners energy quota 
Equivalent value of electricity granted to individuals benefiting from the provisions of GD.1041/2003 and GD.1461/2003


130.30


1 August 2017


During the period GD 1041/2003 is in force, as it was completed and modified by GD 1461/2003


N/A


If the beneficiary does not pay the value of the invoices within 30 calendar days from the due date, the beneficiary owes the supplier penalties of 0.04% for each day of delay, starting with the 31st day from the due date and until full payment of the invoice. The value of the penalties may not exceed the value of the amount paid.


The payment of the issued invoices is made, by legal instruments, within 30 days from their registration to the beneficiary.




C49/7 Sept 2007; AD 138/3 Aug 2020 - TS


If the beneficiary does not pay the value of the invoices within the stipulated terms, he owes the supplier penalties in the amount equal to the one provided for failing to pay the obligations to the State Budget for each day of delay, starting with the due date and until full receipt of the invoice. The amount of the penalties may not exceed the value of the amount on which they were calculated.


The payment of the equivalent value of the invoice will be made through the legal modalities, within the deadline of 30 calendar days from the receipt at the payer's headquarters. In case of payment of the invoice by bank instruments, the date of payment will be considered the date of registration of the amount at the bank where the payment was made. In case of payment by clearing, the payment date will be considered the date of completion of the clearing documents.




R84/31 Aug 2007; AD 8/15 Jan 2020 - MN


If the payer does not pay the invoice within 30 days from the due date, he owes the provider penalties of 0.1% for each day of delay, starting with the first day after the due date and until full payment, including the day of payment. The amount of the penalties will not exceed the value of the invoice.


Payment of the invoice will be made by legal means within the deadline of 30 calendar days from the date of registration of the invoice at the payer's premises.



















 
* The sale price is valid until 30 June 2021 with possibility of extension until 31 December 2021. The contract price does not include the price for reactive energy, VAT, excises, the contribution for high efficiency cogeneration and the value of green certificates. Their invoicing is ordered by the specific regulations in force.
 
 
Total executed amount during 1 January - 11 February 2021, based on contract without fix value: RON 176,761.42 th
Amount to be executed starting 1 January 2021 based on contract with fix value: RON 15,122.42 th
Amount to be executed starting 1 January 2021 based on contract with fix value: EUR 384.33 th
 
 
Due and not due mutual debts of EFSA to DEER at 10.02.2020: RON 183,450.38 th.
Due and not due mutual debts of DEER to EFSA at 10.02.2020: RON 4,226.8 th.
 

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