EDP Energias do Brasil S A : 3Q22 Market Release

3Q22 Operational Release

São Paulo, October 11, 2022 -EDP Energias do Brasil S.A. ("EDP Brasil" or "Company") (B3: ENBR3; LATIBEX: XENBR) announces information on the electric energy market for the third quarter 2022 ("quarter") and year-to-date for the first nine months of 2022 ("year-to-date") for the Company's business segments.

DISTRIBUTION: Distributed energy volume was up 1.0% in the quarter, of which 1.9% at EDP São Paulo ("EDP SP") and -0.4% at EDP Espírito Santo ("EDP ES"). In the year to date, the distributed energy volume was up 1.9%, (1.6% at EDP SP and 2.4% at EDP ES).

										EDP Distribution
				Volume (MWh)						Volume (MWh)						Consumers (unit)
				3Q22			3Q21			Var			9M22		9M21			Var			3Q22		3Q21			Var
	Residential		1,638,732		1,573,346		4.2%		5,136,841		5,017,683		2.4%		3,226,720		3,127,561		3.2%
	Industrial	2,938,445	2,956,751	-0.6%	8,713,145	8,687,207	0.3%	17,771	22,955	-22.6%
	Free	2,632,639		2,614,068	0.7%		7,788,720	7,644,760		1.9%		820	740		10.8%
	Captiv e	305,806		342,683	-10.8%		924,425	1,042,446		-11.3%		16,951	22,215		-23.7%
	Commercial	1,010,014	975,241	3.6%	3,291,946	3,051,767	7.9%	279,520	271,212	3.1%
	Free	325,398	307,185	5.9%	1,047,683	918,487	14.1%	975	843	15.7%
	Captiv e	684,616	668,057	2.5%	2,244,264	2,133,281	5.2%	278,545	270,369	3.0%
	Rural	278,857	282,033	-1.1%	770,761	798,672	-3.5%	195,086	199,733	-2.3%
	Others	478,384	493,339	-3.0%	1,490,714	1,468,705	1.5%	31,579	29,293	7.8%
	Free	90,712	85,784	5.7%	266,966	259,113	3.0%	14	21	-33.3%
	Captiv e	387,672	407,555	-4.9%	1,223,748	1,209,592	1.2%	31,565	29,272	7.8%
	Permissionary	11,686	11,777	-0.8%	32,788	36,517	-10.2%	-	-
	ConcessionariesGeneration	155,464	153,601	1.2%	445,082	442,738	0.5%	-	-
	Total Energy Distributed	6,511,583	6,446,088	1.0%	19,881,277	19,503,288	1.9%	3,750,676	3,650,754	2.7%
	Free - Total	3,204,213	3,160,637	1.4%	9,548,451	9,265,098	3.1%	1,809	1,604	12.8%
	Captiv e - Total	3,307,369	3,285,451	0.7%	10,332,826	10,238,190	0.9%	3,748,867	3,649,150	2.7%
										EDP São Paulo
				Volume (MWh)						Volume (MWh)						Consumers (unit)
				3Q22			3Q21			Var			9M22		9M21			Var			3Q22		3Q21			Var
	Residential		1,037,455		1,000,522		3.7%		3,099,858		3,067,037		1.1%		1,889,663		1,831,985		3.1%
	Industrial	1,940,130	1,933,617	0.3%	5,734,958	5,733,466	0.0%	7,760	12,629	-38.6%
	Free	1,735,003	1,709,938	1.5%	5,119,997	5,054,307	1.3%	504	483	4.3%
	Captiv e	205,127	223,678	-8.3%	614,960	679,160	-9.5%	7,256	12,146	-40.3%
	Commercial	621,514	596,196	4.2%	1,984,529	1,842,170	7.7%	147,064	140,259	4.9%
	Free	210,929	202,503	4.2%	677,808	599,814	13.0%	595	515	15.5%
	Captiv e	410,585	393,693	4.3%	1,306,721	1,242,356	5.2%	146,469	139,744	4.8%
	Rural	14,470	15,231	-5.0%	44,184	45,688	-3.3%	5,391	5,271	2.3%
	Others	285,046	277,652	2.7%	870,687	849,187	2.5%	15,471	15,284	1.2%
	Free	90,712	84,060	7.9%	266,966	255,332	4.6%	14	13	7.7%
	Captiv e	194,334	193,592	0.4%	603,721	593,855	1.7%	15,457	15,271	1.2%
	Permissionary	11,686	11,777	-0.8%	32,788	36,517	-10.2%	-	-
	ConcessionariesGeneration	92,597	92,208	0.4%	276,972	277,086	0.0%	-	-
	Total Energy Distributed	4,002,898	3,927,202	1.9%	12,043,976	11,851,152	1.6%	2,065,349	2,005,428	3.0%
	Free - Total	2,129,242	2,088,709	1.9%	6,341,744	6,186,539	2.5%	1,113	1,011	10.1%
	Captiv e - Total	1,873,656	1,838,493	1.9%	5,702,233	5,664,614	0.7%	2,064,236	2,004,417	3.0%
										EDP Espírito Santo
				Volume (MWh)						Volume (MWh)						Consumers (unit)
				3Q22			3Q21			Var			9M22		9M21			Var			3Q22		3Q21			Var
	Residential		601,277		572,824		5.0%		2,036,983		1,950,646		4.4%		1,337,057		1,295,576		3.2%
	Industrial	998,315	1,023,134	-2.4%	2,978,187	2,953,740	0.8%	10,011	10,326	-3.1%
	Free	897,636	904,129	-0.7%	2,668,723	2,590,454	3.0%	316	257	23.0%
	Captiv e	100,679	119,005	-15.4%	309,464	363,286	-14.8%	9,695	10,069	-3.7%
	Commercial	388,500	379,046	2.5%	1,307,417	1,209,598	8.1%	132,456	130,953	1.1%
	Free	114,469	104,682	9.3%	369,875	318,673	16.1%	380	328	15.9%
	Captiv e	274,031	274,364	-0.1%	937,542	890,924	5.2%	132,076	130,625	1.1%
	Rural	264,387	266,802	-0.9%	726,577	752,984	-3.5%	189,695	194,462	-2.5%
	Others	193,339	215,687	-10.4%	620,027	619,517	0.1%	16,108	14,009	15.0%
	Free	0	1,724	-100.0%	0	3,781	-100.0%	0	8	-100.0%
	Captiv e	193,339	213,963	-9.6%	620,027	615,736	0.7%	16,108	14,001	15.0%
	ConcessionariesGeneration	62,867	61,393	2.4%	168,110	165,651	1.5%	-	-
	Total Energy Distributed	2,508,685	2,518,886	-0.4%	7,837,300	7,652,136	2.4%	1,685,327	1,645,326	2.4%
	Free - Total	1,074,972	1,071,928	0.3%	3,206,707	3,078,559	4.2%	696	593	17.4%
	Captiv e - Total	1,433,713	1,446,958	-0.9%	4,630,593	4,573,577	1.2%	1,684,631	1,644,733	2.4%

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3Q22 Operational Release

EDP CONSOLIDATED		EDP SP		EDP ES
Industrial	Commercial				Commercial
45%	16%	Industrial	Commercial	Industrial	16%
		48%	16%
	Rural			40%	Rural
	4%		Rural
			10%
	Others		0%
	7%		Others		Others
	Perm. +		7%		8%
	Concessionaries		Perm. +		Concessionaries
	3%		Concessionaries
			2%
	Residential		3%
	25%		Residential		Residential
			26%		24%

Note: Refers to the quarter

CONSUMPTION BY CLASS (MWh)

Due to the improving economic indicators, with a decrease in unemployment rates1, increased activity in the retail2 and services3 sectors, and governmental income-support measures, the residential and commercial classes showed a significant growth, minimized by the deceleration of industrial activity in the period.

Due to the improvement in economic indicators, such as the reduction in the unemployment rate, the increase in activities in the commerce and services sectors and government measures to support income, the residential and commercial classes showed significant growth, minimized by the deceleration of industrial activity in the period.

The number of new clients was up 2.7%, and the number of free clients was up 12.8% (102 at EDP SP and 103 at EDP ES) due to their migration from the captive to the free market.

EDP SÃO PAULO: up 1.9% and 1.6%, in the quarter and year-to-date, respectively, due to increased consumption by the residential class and improved retail activity, mitigated by the negative impact from industrial activity.

• Residential: the 3.7% and 1.1% increases in the quarter and year-to-date, respectively, reflect the higher number of average billing days (+0.7 day in the quarter and +0.9 day in the year to date), as well as revenue recovery measures, mitigated by the milder temperatures (- 0.5°C in the quarter and -0.8ºC in the year to date);
• Industrial: the quarter's 0.3% increase reflects rising activity levels in the paper and pulp (+26.4%) and rubber and plastic (+9.0%) industries, mitigated by the automotive vehicles industry (-12.8%). In the year to date, the distributed energy volume remained in line with the same period last year;
• Commercial: the 4.2% and 7.7% increases in the quarter and year-to-date, respectively, reflect client recategorization (particularly from the industrial class). Ex- this effect, there would have been a 0.1% decrease in the quarter and a 4.1% increase in the year to date. In addition, the higher number of average billing days (+0.5 day in the quarter and +1.2 day in the year to date) had a positive contribution, mitigated by milder temperatures (-0.6°C in the quarter and -0.7ºC in the year to date); and
• Other4: The 2.7% and 2.5% increases in the quarter and year-to-date, respectively, reflect the recovering consumption from the public sector after the easing of pandemic-related social distancing measures.

EDP ESPÍRITO SANTO: down 0.4% in the quarter, due to decreasing consumption from the industrial and other classes. Up 2.4% in the year to date, due to the performance of the residential and commercial classes.

1 The Brazilian jobs market's unemployment rate dropped to 8.9% as of August/2022. Source: IBGE. National Continued Households Sampling Survey - Published Monthly.

2 Retail sales volume up 0.5% as of August/2022, compared with the same period in 2021. Source: IBGE. Monthly Retail Survey - Brazil. Sales volume index and variation by segment.

3 Services volume up 8.5% in the year to date until July/2022. Source: IBGE. Monthly Services Survey - Brazil Services Volume Index and Variation by service activity.

4 Other concerns the public sector, public lighting, public service and own consumption.

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3Q22 Operational Release

• Residential: the 5.0% and 4.4% increases in the quarter and year-to-date, respectively, reflect the recategorization of clients (particularly from the rural class), revenue recovery measures, and the higher temperatures (+0.5ºC in the quarter and year-to-date). In addition, the impact of average billing days was positive in the quarter (+0.1 day) and negative in the year to date (-1.1 day);
• Industrial: down 2.4% in the quarter and up 0.8% in the year to date. In the quarter, the class was affected by the metallic minerals extraction industry's activities decrease (-16.4%). In the year to date, the decrease in the metallic minerals extraction industry's activity levels (-4.1%) was mitigated by increased consumption from the metallurgy (+7.1%), non-metallic minerals (+3.4%) and food products (+10.9%) industries;
• Commercial: the 2.5% and 8.1% increases in the quarter and year-to-date, respectively, reflect the recovery of commerce in Espírito Santo5, as well as the positive impact of higher temperatures (+0.5ºC both in the quarter and the-year-to-date);
• Rural: the 0.9% decrease in the quarter is due to client recategorizations (mainly to residential use) and the lower number of average billing days (-0.1 day), mitigated by revenue recovery measures and the period's lower average rainfall (-44mm), with direct impact on irrigation- related consumption. In the year to date, aside from the effects mentioned before, the 3.5% decrease is due to the lower number of average billing days (-1.6 day), mitigated by increased rainfall in the period (+48 mm); and
• Other6: the quarter's 10.4% decrease reflects the negative effects of the previous period's high baseline, associated with the clearance to bill public-service class clients. In the year to date, the 0.1% increase reflects higher temperatures (+0.4ºC) and the recovery of public sector consumption after the easing of social distancing measures.

TRANSMISSION

Below, a table with the availability factors of the transmission lots, demonstrating the efficiency in the maintenance and operation of the assets.

		9M22
Lot 18	100,00%
Lot 21		100,00%
Lot Q		100,00%
EDP Goiás		99,95%

GENERATION

CONSOLIDATED GENERATION SALES (GWH)	SEASONALLY WEIGHTED AND CONSOLIDATED HYDROELECTRIC
				GENERATION CONTRACT SALES (%)
3,971	3,632
				27%	27%
690	650
1,358		27%
1,358
		23%	23%	25%	25%
1,923				23%
1,624
3Q21	3Q22
	1Q	2Q		3Q	4Q
				2021		2022

Jari, Cachoeira Caldeirão and São Manoel HPP's

Total TPP

Total HPP's

• HYDRO GENERATION

On a consolidated basis, the volume of energy sold was 1,624 GWh, down 15.5%, due to the lower volume of energy sold from Lajeado (-180.0 GWh) and Enerpeixe (-136.9 GWh) because of the decrease in bilateral agreements executed in the period as a result of the more favorable hydrological scenario, with impact on short-term energy prices. In the year to date, the volume of energy has been 4,673 GWh, down 9.7%, because of the previously discussed effects.

5 Retail sales volume up 7.5% as of August/2022, compared with the same period in 2021. Source: IBGE. Monthly Retail Survey - Espírito Santo. Sales volume index and variation by segment.

6 Other concerns the public sector, public lighting, public service and own consumption

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3Q22 Operational Release

Considering unconsolidated projects7, the volume of energy sold was down 5.8% in the quarter and 2.4% in the year to date.

Average GSF in the quarter was 75.2%, producing an exposure of 421.7 GWh, at an average PLD of R$ 66.4/MWh (SE/CO sub-market), due to the allocation of backup energy in line with the Energy Re-Allocation Mechanism ("MRE") profile and increased generation from intermittent sources, such as wind and solar. In the year to date, average GSF has been 88.6%, producing an exposure of 554.2 GWh at an average PLD of R$ 60.1/MWh (SE/CO Sub-market).

	PLD EVOLUTION(MWH)				GSF6 EVOLUTION (%)
R$ 581.7
								95.4%	95.1%
						51.2%	66.3%		75.2%
	R$ 134.7
	R$ 58.1
			R$ 55.7
				R$ 66.4
3Q21	4Q21		1Q22	2Q22	3Q22	3Q21	4Q21	1Q22	2Q22	3Q22
		PLD Southeast					GSF

• THERMAL GENERATION

The Plant's average uptime in the year to date has been 96.8%, due to the scheduled stop had in May for maintenance works on the generator units. The unit has not been dispatched since December 2021 because of the improved hydrological scenario.

TRADING

The volume of energy traded was 5,212 GWh in the quarter, up 37.9% due to the persistently favorable hydrological scenario across the National Interconnected System ("SIN"), causing balance supply and demand and leading to a favorable environment for trading operations, due to the market's low credit risk. In the year to date, the volume of energy traded has been 13,045 GWh, up 19.4% because of the previously discussed effects, in addition to long-term operations executed that have added liquidity to the market, the expanded clients portfolio, and the maintained strategy of protecting the integrated portfolio.

RETAIL AND WHOLESALE

The volume of energy sold was 435 GWh and 967 GWh in the quarter and year-to-date, up 263 GWh and de 602 GWh, respectively, due to new agreements executed and the maintenance of the clients portfolio, in addition to increase migration of clients from the captive to the free market. Migrations are boosted by lower shirt-term prices on the spot market and by the expected uptick in distribution companies' tariff adjustments.

7 Includes equity interests in the Jari, Cachoeira Caldeirão and São Manoel HPPs

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