Q3 2021 Endesa SA Earnings Call Transcript
Good evening, ladies and gentlemen, and welcome to the 9-month 2021 Results Presentation, which will be hosted by our CEO, José Bogas; and the CFO, Luca Passa. (Operator Instructions) We kindly ask you to limit your questions to the financial and operational performance of the company during the period and to wait until the 25th of November for the update of our strategic plan. Thank you. And now let me hand over to José Bogas.
Okay. Thank you, Mar, and many thanks for being able to join us today. Let's start with the main highlights of the period. The adverse context in which we have operated during the first 9 months of the year has been earmarked by record high pool prices across all European countries, mainly driven by the imbalances in the gas market worldwide and to a lesser extent, to rising CO2 permit costs.
In order to establish a common strategy to relieve customers from the exceptional electricity price increase, the European
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