Carbon dioxide (R744) is widely used as refrigerant in supermarkets located in cold weather sites thanks to its negligible environmental impact and its favourable thermo-physical properties. Due to its low critical temperature, transcritical operations in CO2 refrigeration systems can commonly take place, increasing the energy consumption substantially. On the other hand, the high temperatures reached by the CO2 in the high pressure heat exchanger (gas cooler) potentially allow recovering a large amount of heat at different temperature levels according to the supermarket needs.\ud The paper deals with the energy performance evaluation of a R744 refrigeration system, which provides the selected supermarket with DHW and heating, besides satisfying the cooling load required by the refrigerated and frozen food storage equipment. The system is equipped with an additional air-cooled evaporator which can be used as a supplemental heat source, to increase the amount of heat recovered and meet the full heating demand of the building. Different control strategies are examined in order to minimize the electric consumption and, contemporary, maximize the heat recovery