Gas supply situation: declaration of alarm level comprehensible

Declaring the alert level does not change the basic status quo for the time being. In its daily report, the Federal Network Agency (Bundesnetzagentur) classifies the gas supply situation as tense but stable. The supply of gas to end consumers via the German gas distribution system operators of the E.ON Group continues to be reliable and secure. E.ON gas customers in Germany continue to be supplied reliably in accordance with individual contractual agreements. The gas volumes contracted by E.ON on the European energy wholesale markets are currently provided by the suppliers in accordance with the contracts signed.

E.ON continues to monitor market developments closely. In the current situation, it is crucial that the German government now creates the necessary framework conditions for a possible scenario of a significant reduction in gas import volumes in order to ensure the ability of the relevant players to act and to stabilize the markets and gas supply. This includes_in particular_a specification of §24 of the Energy Security Act (Energiesicherungsgesetz). In the event that the Federal Network Agency determines a significant reduction in the total gas import volumes to Germany, the additional costs from a replacement procurement for omitted gas imports should be passed on more evenly and in a more calculable manner.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments