JPMC Utilities Daily: 01 July: SSE, EDPR, ENEL, European Natural Gas

Research evidence excerpt

JPMC Utilities Daily: 01 July: SSE, EDPR, ENEL, European Natural Gas

J P M O R G A N Europe Equity Research

01 July 2026

JPMC Utilities Daily

01 July: SSE, EDPR, ENEL, European Natural Gas

ACSector Headlines EuropeanJavier GarridoUtilities & Clean Energy

(34-91) 516-1557

javier.x.garrido@jpmorgan.com

J.P. Morgan Securities plc• SSE: welcomes 'Beyond 2030' plan for UK electricity network upgrades

• EDPR: to sell 68 MWac portfolio in Italy for €150m Pavan Mahbubani, CFA AC

(44-20) 7134-3056

• Enel: Enel Green Power RSA brings online 330 MW Impofu Wind Farm pavan.mahbubani@jpmorgan.com

Cluster J.P. Morgan Securities plc

• European Natural Gas: Demand & Storage Tracker: Summer swelter Alejandra Botbol

(Research Available) (44-20) 3493-8711

alejandra.botbol@jpmorgan.com

J.P. Morgan Securities plc

Samanvitha Theegela

(91-22) 6157-5846

samanvitha.theegela@jpmchase.com

Sector News J.P. Morgan India Private Limited Mukund Verma

(44-20) 7742-4181

SSE: welcomes 'Beyond 2030' plan for UK electricity mukund.verma@jpmorgan.com

network upgrades

Specialist Sales contact details:SSE yesterday said it welcomes the National Energy System Operator's 'Beyond

2030 Update', anticipating further investment for its SSEN Transmission business Ian Mitchell - Specialist Sales -

as a result. The company said the update details a series of new and upgraded European Energy

(44-20) 7134-1356

electricity transmission network reinforcements which NESO believes are ian.e.mitchell@jpmorgan.com

required to reach the UK and Scotland's energy targets. SSE said this includes

multiple onshore and offshore reinforcements in the north of Scotland, which it

said could represent an additional £12bn in estimated further investment for SSEN,

its electricity transmission business. These are a new 2 GW HVDC link from