IBERSOL | Annual Report 2021

Environmental Performance Natural Gas Contracting of Gas The beginning of 2020 was marked by the Covid-19 pandemic, which led to a steep drop in the prices of the three commodities, due to drop in demand. Following the third quarter of that year the prices of the three commodities began to bounce back, especially natural gas, which is related to the softening of Covid-19 pandemic spread control measures. In early 2021 this course was maintained and in the last quarter of 2021 there was a steep rise in natural gas prices, when compared to other commodities. ( Source: Erse.) The global price of the natural gas price for 2021 dropped by 2% com- pared to the previous contract for 2020, due to the contract negotia- tion of a 12% of the energy component compared to the increase of the network access tariff component of 7.4%, valid until September 2021. Due to the steep increase in the price of the energy component in the gas market, reaching unprecedented figures (around 200%), the renegotiation of the supply contract for the period between October 2021 and September 2022 led to an increase in the gas bill for 2021 of around 12%. Year 2021 2020 2019 2018 2017 Consumption points ** 226 202 195 182 168 Global consumption (kWh) 17 277 091 16 104 476 15 807 476 14 256 886 13 857 226 Average consumption per point (kWh) 76 447 79 725 81 064 78 335 82 483 ** Consumption points vary yearly, both due to opening and closing of stores and the number of units for which it was possible to obtain the fgures. Due to the Covid-19 pandemic, the Ibersol Group was forced to tem- porarily close several restaurants, which led to a reduction in gas con- sumption. Consumption Analysis 150