Current Report No.: 43/2023

Title: Information on the preliminary outcome of the capacity market auction for 2028 announced by PSE
Date: 2023.18.12
Report no.:  Current Report No.: 43/2023

Current Report No.: 43/2023

Date of Preparation: 18 December 2023

Issuer's Abbreviated Name: ENEA S.A.

Subject: Information on the preliminary outcome of the capacity market auction for 2028 announced by PSE

Legal Basis: Article 17(1) of the Market Abuse Regulation - inside information

Body of the report:

With reference to Current Report No. 42/2023, the Management Board of ENEA S.A. ("Company", "Issuer") hereby reports that on 18 December 2023 the Company obtained information about the preliminary outcome of the primary capacity market auction for 2028, as announced by Polskie Sieci Elektroenergetyczne S.A., including the capacity auction closing price of PLN 244.90 per kW per year.

Accordingly, the Company estimates that the ENEA Group's revenue from the capacity market may amount to an annual average of approximately PLN 298 million for existing units (with a capacity contract for 1 year) and the contracted 1,216.936 MW. In turn, the total estimated revenue of the ENEA Group for 2028 from the capacity market, taking into account its previously contracted capacity obligations, will amount to approximately PLN 518 million.

These capacity obligations may not be treated as the final outcome of the capacity auction. The final outcome of the capacity auction will be announced by the President of the Energy Regulatory Office in the authority's Public Information Bulletin on the business day immediately following the 21st day after the completion of the capacity auction. Until then, all contracts for the sale of capacity obligations remain conditional.

At the same time, please be advised that if the final outcome of the capacity auction turns out to be significantly different from the preliminary outcome presented above, the Company will provide an update in the form of another current report.

source: biznes.pap.pl

Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.