Free Market Performance and Investment Plans

The journey to value kicks off with revenues... enel Customer Revenues (€bn) Average Revenues 1 (€/MWh) +80% %↑ -19 2021E 2030 FLAT ~75 ~75 2021E 2030 1. Calculated on T1 countries. It includes Power Free + Wholesales + PPAs; 2. In real terms. 1 2 3 Prices to customers remain flat while the portion of services offered will improve significantly 26

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