9M2021 RESULTS

Milan, December 2021

BUSINESS ENVIRONMENT

ITALIAN ENERGY MARKET

ELECTRIC POWER AVAILABILITY MIX

GAS DEMAND

(TWh)

Pumping

Net import

Geothermal production

PV production

Wind production

Hydroelectric production

Thermoelectric production

225,1

+6.2%

239,0

20,6

+65.7%

34,1

4,2

4,1

(2.2%)

21,8

21,0

(3.4%)

13,9

+5.3%

14,6

36,5

+0.7%

36,7

130,0

+0.3%

130,3

-1,8

-2,0

+7.0%

9M 2020

9M 2021

(bcm)

System uses and losses

Thermoelectric users

Industrial users

Services and residential users

49,6

53,2

+7.2%

1,6

1,5

+6.1%

18,5

18,1

+1.9%

12,1

+8.4%

13,1

17,8

+12.0%

20,0

9M 2020

9M 2021

  • 9M 2021 recover the gap vs last pre-pandemic year.
  • Strong increase in net imports over 65% up, mainly due to market price scenario.

Gross of losses

Source: Terna and Edison elaborations

  • In 3Q21 gas demand decreased by 2.5% (-0.3 bcm yoy), mainly in August, due to lower gas sales for thermoelectric generation which suffered for the increase in power import.

Source: Ministry of Economic Development, SRG and Edison estimates

9M2021 results | 3

MARKET REFERENCE SCENARIO

BRENT1

PUN TWA

(€/MWh)

Avg 9M2021: 67.7 $/bbl

56.7 €/bbl

Avg 9M2020: 42.6 $/bbl

37.9 €/bbl

Avg FY2020: 43.2 $/bbl

37.9 €/bbl

Avg 9M2021: 86.1

Avg 9M2020: 35.6

Avg FY2020: 38.9

PSV

(€c/scm)

CSS2

(€/MWh)

Avg 9M2021: 31.8

Avg 9M2020: 9.5

Avg FY2020: 11.0

Avg 9M2021: -1.5

Avg 9M2020: 0.8

Avg FY2020: 0.7

  1. Brent IPE
  2. Clean Spark Spread Source: Edison

9M2021 results | 4

9M2021 RESULTS

  • Key facts 9M2021
  • Edison electric power and gas sources and uses
  • Consolidated financial highlights and capital expenditures
  • Operating performance
  • Total financial indebtedness and cash flow

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Edison S.p.A. published this content on 31 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2022 10:47:01 UTC.