Edison

Commodity Market Risk ENERGY RISK MANAGEMENT OBJECTIVES TOOLS consequence deregulation electric power natural ... gas markets companies operate energy sector facing ... environment Edison Group developed energy risk management ... its market sales physical energy commodities various ... integrated within its hydrocarbons electric

competitiveness one most dynamic Made Italy sectors improves thanks new electric energy furniture conditions ... associated factories buy electric energy ... has been protagonist liberalized electric energy ... society sells more than 65,3 billion KWh electric energy ... Agreement Edison ANCI electric energy 800

committee Milan promoting use electric energy ... electric power plant continuous distribution energy ... transport distribution sale electric energy all ... electric energy 2001 summer Italenergia Fiat ... transport commercialisation both electric energy

Service intelligence energy consumption Energy efficiency rational use energy sources important issues ... only terms seizing opportunities reduce energy costs ... One Edison goals help its customers use energy ... requirements buildings where located Energy Check ... service can used pinpoint areas where consumption electric

one million kilowatt hours Green energy Electric ... glossary CLEAN energy Biomass Agricultural waste product specific crops can burned facilities produce thermal energy ... electric power cogeneration BSI OHSAS 18001 ... Simultaneous production electrical thermal energy ... waste generation etc Electric Power Gas Authority

OBJECTIVES growth factors 2009 economic financial crisis produced unprecedented slump energy consumption Italy demand ... electric power natural gas decreased 7 8 respectively ... compared 2008 However global energy consumption ... grow anticipating change marketplace ELECTRIC POWER ... GAS ITALY Italian electric power sector having completed

shop METRO Italia stores purchase competitively priced electric ... power attractive terms from Edison leader electric ... throughout Italy presenting Edison alternative supplier electric ... businesses from fluctuations energy costs caused ... changing conditions fuel currency markets Moreover 100 energy

targets growth factors 2009 economic financial crisis caused slump demand energy reductions Italian market amounting ... to7 electric power 8 natural gas Expectations call ... global energy consumption Edison which stood out among ... 15 share national energy production better balance ... energy independence accounting 15-20 total natural gas

ITALIAN ENERGY MARKET Demand Electric Power Italy Market Environment millions euros 2007 full year TWh 1 st ... first quarter 2008 gross total demand electric power ... business days gain 0.4 increase 0.8 TWh demand energy ... result complete deregulation energy markets demand continued ... following full deregulation electric power market pursuant

New terms supply electric power natural gas help improve competitiveness one most dynamic segments Italian industry ... agreement enable member companies purchase electric ... leading operator electric power natural gas industries ... package provides supply green energy i.e. energy ... thereby shielding business customers from changes energy