Current report no: 41/2019
Current report no: 41/2019
Date of preparation: 30.12.2019
Short Name of Issuer: ENEA S.A.
Subject: Information on the approval of the electricity tariff for the set of G tariff groups
Legal basis: Article 17(1) MAR - confidential information
Content of report:
The Management Board of ENEA S.A. ('Issuer', 'Company') hereby informs that on 30 December 2019, pursuant to the tariff for electricity for the set of G tariff groups for the period from 14 January to 31 March 2020 (‘Tariff'), approved on the same day by the President of the Energy Regulatory Office ('President of ERO'), the Management Board of ENEA S.A. assessed the impact of the Tariff on the expected financial results of the Company and the ENEA Capital Group for 2020.
The President of the ERO approved the electricity sales price for the consumers in the G tariff groups for ENEA S.A. at a level of PLN 289.37 per MWh on average.
With the above in mind and acting in accordance with IAS 37, the Company identified the need to create in Q4 2019 a provision for onerous contracts in the trading segment, which was initially estimated between PLN 70 and 147 million. At the same time the Company informs that the amount of the provision may change and its final value will be presented in the Issuer's interim report for 2019.
