E-PANGO SA
Climate Impact & Sustainability Data (2021, 2022-01 to 2022-06, 2024-01 to 2024-06)
Reporting Period: 2021
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Energy crisis impacting results.
- Suspension of electricity supply authorization due to a dispute with RTE.
- Soaring energy prices (especially gas) due to geopolitical factors (Russia, Ukraine war).
Mitigation Strategies
- Exiting the gas supply market.
- Implementing a new strategy focused on Smart Energy solutions (autoconsumption and storage).
- Securing a €2 million loan from BPI to finance Smart Energy activities.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Smart Energy solutions (autoconsumption and storage)
Reporting Period: 2022-01 to 2022-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Modification of rules governing balance responsibles by CRE, leading to increased bank guarantee demands by RTE and subsequent contract termination.
- Ministry of Ecological Transition suspending the company's electricity supply authorization.
- Transfer of contracts and markets to EDF.
Mitigation Strategies
- Court granted E-Pango time to meet RTE's guarantee requirements.
- E-Pango is contesting the validity of certain invoices from RTE and has requested a new participation agreement to regain balance responsible status.
- E-Pango is pursuing legal recourse against the Energy Regulation Commission and RTE.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024-01 to 2024-06
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Uncertainty regarding the post-ARENH period (ending December 2025), impacting competition in electricity supply.
- Continued attacks against alternative suppliers.
- Uncertain political context with potential discriminatory treatment of alternative suppliers, maintenance of regulated sales prices, and EDF's near-monopoly.
- Low residual demand not covered by nuclear, wind, solar, and hydropower in the first half of 2024.
Mitigation Strategies
- Focusing on downstream activities (post-meter) due to the difficulty of public authorities in maintaining EDF's near-monopoly without restricting its downstream activities.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Software for optimization of solar, batteries, and flexibility (deployed in June 2024)