CGNI Financial and ESG Update
2
Outlook 2023
April 2023
May 2023
RP6 negotiations
started
2024 Network
losses agreed
June 2023
2024 Inflation
parameters
August 2023
CAPEX plan and reg.
draft parameters 2024
Sept. 2023
Nov. 2023
Alignment process Official 2024 tariff
announcement
ERO/CGNI
Agreement with the regulator (ERO) on coverage of network losses for 2024:
cost neutral
OPEX inflation vs. Actual cost increases neutral to wide extent
CAPEX & D&A plan not expected to change
Whole negative k-factor (excess of actual revenues over allowed revenues)
generated in the past (CZK 2,650m) to be returned to the system in 2023.
No such negative one-off impact expected in 2024.
Expected tariff increase in absolute terms relatively high, but lower than
electricity
RAB and NAV Reconciliation Schedule
NAV (CZKm)
80
60
RP4
RAB/ NAV (%)
RP5
100%
10
70
80%
100%
60
969
•
899 95%
60%
50
757
84%
40%
72%
699 70%
40
65% 67%
60% 62%
20%
•
30
0%
6
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022E 2023E 2024E 2025E
Upward reconciliation of RAB to match the higher underlying net book value in motion
until 2025, with non-binding Capex plans for period 2021-2025 and 2025-2030
gasnet.cz
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