Business Strategy Execution
2023 electricity regulated tariffs proposal in Portugal (Oct.17th): Despite high ①edp
electricity wholesale prices, retail tariffs stable, system debt down by €2bn
Reg. Electricity Tariff components
Residentials end-user tariffs²;
3
Energy component
Global use of system tariff
Network access tariff
Wholesale Price vs Renewables FiT
€/MWh
Electricity System Debt
€Bn
Renewable feed-in Tariffs'
Avg. Electricity Wholesale Price
186
3.5
160%
112
103
39%
90%
90%
91
93
26%
59
35%
27%
26%
26%
-17%
-16%
-85%
2021
3Q22
4Q22
2023
2020
2021
A
Regulated
Electricity
Tariff
+1.8%
'22 Vs. '21
+2.8%
'23 Vs. '22
Decrease in global use of system
component due to renewables feed-in
1,7
1.4
9M22
2020
2021
9M22
% of SRP1 that covers low-voltage consumption
>
tariff surplus and proceeds from CO2
auctions, provide relatively stable
>
regulated residential tariffs
107%
108%
78%
Stable renewables feed-in tariffs
moved from a premium to a discount vs.
wholesale price (€262/MWh assumed
for 2023), generating a tariff surplus to
Portuguese electricity consumers
(1) Special Regime Production, including renewables and cogeneration - Source: ERSE | (2) Low-voltage clients (residentials & SMEs)
(3) Renewables spread included in this component
Continuous Portuguese system debt
decline...-€2.1Bn between 2020 and
9M22
Business Strategy Execution
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