Soecietatea Energetica Electrica S.A.

Related Party Transaction • May 13, 2022

National Storage Mechanism | Additional information

RNS Number : 4155L

Societatea Energetica Electrica SA

13 May 2022

To:                              Romanian Financial Supervisory Authority (ASF)

Bucharest Stock Exchange (BVB)

London Stock Exchange (LSE)

Current report in compliance with the Law 24/2017 on issuers of financial instruments and market operations, ASF Regulation no. 5/2018, and the Bucharest Stock Exchange Code

Report date:  12 May 2022

Company name: Societatea Energetica Electrica S.A. (Electrica)

Headquarters: 9 Grigore Alexandrescu Street, 1st District, Bucharest, Romania

Phone/fax no.: 004-021-2085999/ 004-021-2085998

Fiscal Code: RO 13267221

Trade Register registration number: J40/7425/2000

Subscribed and paid in share capital: RON 3,464,435,970

Regulated market where the issued securities are traded: Bucharest Stock Exchange (BVB) and London Stock Exchange (LSE)

Significant events to be reported: Transactions with related parties according to Art. 108 of Law No. 24/2017 concluded by Electrica Furnizare SA (EFSA), subsidiary of Societatea Energetica Electrica SA (Electrica) with Complexul Energetic Oltenia (CEO)

Electrica informs its shareholders and investors about the conclusion, on 10 May 2022, of several transactions between EFSA, Electrica's subsidiary, with CEO, that have a value that, cumulated with the rest of the transactions concluded/executed in the period 12 October 2021 - 10 May 2022 exceeds the threshold of 5% of Electrica's net assets, according to Electrica's individual financial statements for 2020, respectively exceeds the value of RON 206,175,420.

Details regarding the transactions concluded on 10 May 2022, together with the rest of the transactions already concluded in the period 12 October 2021 - 10 May 2022, containing information about the date of execution, type of transaction, description of its scope, total value of the transaction, expiry date, mutual debts and receivables, guarantees, penalties, payment due dates and methods are presented in Annex 1.

CEO                                                                           

Georgeta Corina Popescu                                                                 

Annex 1: Details regarding the transactions concluded by EFSA with CEO in the period 12 October 2021 - 10 May 2022 of the kind listed in Art. 108 of Law No. 24/2017

Agreement Type and No., execution date	Scope of transactions	Amount (RON th.)	Date of entry into force	Expiry date	Guarantees (RON th.)	Penalties	Payment due dates and payment methods
Seller:CEO Buyer: EFSA
Contract no. 417/CEO /25 Feb 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	25 February 2021	31 December 2022	1,944	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 972 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 972 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 436/CEO /25 Feb 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	25 February 2021	31 December 2022	1,944	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 972 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 972 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 612/CEO /17 Mar 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	16.64	17 March 2021	31 December 2022	3,888	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,944 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,944 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 795/CEO /1 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	16.64	1 April 2021	31 December 2022	4,033.15	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,016.58 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,016.58 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 992/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,213.86	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,106.93 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,106.93 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 993/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,220.19	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,110.10 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,110.10 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 994/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,212.85	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,106.42 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,106.42 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 995/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,220.34	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,110.17 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,110.17 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 996/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,195.28	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,097.64 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,097.64 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 997/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,194.49	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,097.24 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,097.24 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 998/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,220.34	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,110.17 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,110.17 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 999/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,200.39	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,100.20 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,100,20 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1000/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,194.27	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,097.14 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,097.14 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1001/CEO /26 Apr 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.32	26 April 2021	31 December 2022	2,208.96	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 1,104.48 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 1,104.48 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1855/CEO/26 Aug  2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	4.10	26 August 2021	31 March 2022	8,080.70	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 4,040.35 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 4,040.35 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1856/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	4.10	26 August 2021	31 March 2022	8,077.54	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 4,038.77 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 4,038.77 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1857/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	4.10	26 August 2021	31 March 2022	8,080.85	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 4,040.42 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 4,040.42 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1858/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	2.05	26 August 2021	31 March 2022	4,032.43	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,016.22 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,016.22 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1859/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	2.05	26 August 2021	31 March 2022	4,033.58	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,016.79 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,016.79 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1860/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	2.05	26 August 2021	31 March 2022	4,033.87	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 12,016.94 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,016.94 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 1861/CEO/26 Aug 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	2.05	26 August 2021	31 March 2022	4,034.81	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,017.40 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,017.40 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2103/CEO /8 Oct 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	4.19	8 October 2021	31 December 2022	4,433.98	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,216.99 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,216.99 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2104/CEO /8 Oct 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	4.20	8 October 2021	31 December 2022	4,432.46	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,216.23 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,216.23 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2105/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	4.20	8 October 2021	31 December 2022	4,434.77	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,217.38 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,217.38 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2106/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	4.20	8 October 2021	31 December 2022	4,434.98	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 2,217.49 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 2,217.49 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2107/CEO/8 Oct 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.39	8 October 2021	31 December 2022	8,895.17	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 4,447.58 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 4,447.58 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2108/CEO/8 Oct  2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.39	8 October 2021	31 December 2022	8,865.50	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 4,432.75 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 4,432.75 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2109/CEO/8 Oct  2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	8.39	8 October 2021	31 December 2022	8.870,54	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 4,435.27 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 44,435.27 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2152/CEO/18 Oct 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	11,413.55	18 October 2021	31 March 2022	7,611.19	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 3,805.60 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 3,805.60 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 2153/CEO/18 Oct 2021, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	11,425.00	18 October 2021	31 March 2022	7,618.82	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 3,809.41 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 3,809.41 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 427/CEO/7 Mar 2022, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	73,825.78	7 March 2022	31 December 2023	12,135.74	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 6,067.87 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 6,067.87 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 683/CEO/1 Apr 2022, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	80,163.64	1 April 2022	31 December 2023	13,177.58	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 6,588.79 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 6,588.79 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 875/CEO/10 May 2022, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	50,404.16	10 May 2022	31 December 2023	8,285.62	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 4,142.81 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 4,142.81 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 877/CEO/10 May 2022, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	102,831.89	10 May 2022	31 December 2023	16,903.87	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 8,451.94 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 8,451.94 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 878/CEO/10 May 2022, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	100,834.61	10 May 2022	31 December 2023	16,575.55	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 8,287.78 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 8,287.78 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 879/CEO/10 May 2022, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	100,930.09	10 May 2022	31 December 2023	16,591.25	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 8,295.62 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 8,295.62 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Contract no. 880/CEO/10 May 2022, awarded through PCCB-LE-Flex auction	Sale and purchase of electricity	98,448.38	10 May 2022	31 December 2023	16,183.30	Interest for late payment is calculated for each day of delay, starting with the day immediately following the due date and until the date of payment of the amount due, excluding the day of payment. The interest rate for late payment is 0.05%, for each day of delay, calculated at the outstanding amount. Compensation of RON 8,091.65 th. in case of non-submission by EFSA of the guarantees provided in the contract in favor of the CEO. Additional compensations of RON 8,091.65 th., in case of cancellation	Payment is made after delivery, until the due date, respectively the 15th calendar day from the date of issuing the invoice. During the contract, on the last day of the delivery month, the seller will issue and send to the buyer an invoice with the amount that must be paid for the energy delivered in the respective contractual month.
Seller:EFSA Buyer: CEO
C 1317 / 23 Nov 2011 - Isalnita AA no 7 / 02 Dec 2020 - Isalnita C R40 / 24 Jan 2011 - Chiscani AA no 8 / 29 Mar 2019 - Chiscani	Re-invoicing - pensioners energy quota Equivalent value of electricity granted to individuals benefiting from the provisions of GD.1041/2003 and GD.1461/2003	5.52	23 November 2011	During the period GD 1041/ and GD 1461/2003	N/A	0.1% of the amount of the settlement invoice for each day of hardening, including the day of payment. The amount of penalties cannot exceed the value of the settlement invoice	The invoice is issued until the 15th of each month, with the date of issue the last calendar day of the previous month. Payment is made within 30 days of issuing the invoice.

Total executed amount during 12 October 2021 - 10 May 2022: RON 630,478.23 th

Due and not due mutual receivables of EFSA to CEO at 09.05.2022: RON 0 th.

Due and not due mutual debts of EFSA to TEL at 09.05.2022: RON 20,544.52 th.

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