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2021-10-20 15:05:00 CEST 2021-10-20 15:05:00 CEST REGULATED INFORMATION Ignitis grupė - Notification on material eventInformation on Networks Methodology update: sustainable regulation ensuredAB “Ignitis grupė” (hereinafter – the Group) informs that, pursuant to the new wording of the Methodology for determining the price caps for electricity transmission, distribution and public supply services (hereinafter – the Methodology) (link in Lithuanian), on 15 October 2021 National Energy Regulatory Council (hereinafter – NERC) adopted the resolution on the price caps for electricity distribution services of AB “Energijos skirstymo operatorius” (hereinafter – ESO) for the following regulatory period (hereinafter – the Resolution) (link in Lithuanian). It is reminded, that in order to evaluate the ultimate impact to the financial results and the sustainability of the activities of ESO and the Group, the Group submitted questions to NERC to specify certain aspects of the Resolution and its leading documents (link). Based on NERC’s response, the Group informs about the final assessment of Methodology’s and Resolution’s impact to its activities, which, including Methodology update changes in depth, will address during the presentation on 20 September 2021 (link). Presentations slides are available on the Group’s website (link). Despite the Methodology update, the Group‘s Adjusted EBITDA guidance for 2021 (EUR 300–310 million) and 2024 target (EUR 350–390 million), dividend policy and investments detailed in Strategic Plan 2021–2024 remain unchanged. Key Methodology update effects reflected in the Resolution:
To point out, the additional tariff component (under point 1) significantly offsets the negative impact arising from the changes described above (under 2 and 3 points) ensuring sustainable regulatory framework. The draft Methodology, public consultation regarding it and its potential impact to the activities of ESO was disclosed by the Group in the material event notification of 17 September 2021 (link), the potential impact of the amended Methodology was disclosed by the Group in the material event notification of 1 October 2021 (link) and the initial assessment the Resolution’s impact was disclosed by the Group in the material event notification of 18 October 2021 (link). For more information please contact: Communications Investor Relations ![]() |
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