- Federal Utilities Act #35-FZ dd. 26.03.2003.
- Government Act #1178 dd. 29.12.2011 on regulated pricing in energy sector.
- Federal Tariff Service Act #228-e dd. 30.03.2012 on the approval of the guidelines related to RAB-regulation.
- Federal Tariff Service Act #98/1-e dd. 17.02.2012 on the approval of yield on invested capital formed after transition of grid companies to RAB-regulation.
- Federal Tariff Service Act #20-e/2 dd 06.08.2004 on the approval of the Guidelines on the calculation of regulated prices (tariffs) for electric (thermal) energy on retail energy market.
- Federal Tariff Service Act #313-e dd. 28.03.2013 on the approval of the Regulations on prices (tariffs) and ultimate levels stipulating the procedure for registration, review and refusal of applications on prices (tariffs) and/or ultimate levels as well as form of a resolution by the federal regulator.
The main lines of Company’s activities are energy transmission and connection to networks that are regulated by the state. Our branches operate under RAB methodology with approved long-term parameters till 2017 (Permenergo – since 2009, Chelyabenergo and Sverdlovenergo – since 2011). Boiler tariffs are made up by expenses incurred by all grid companies of a region and are annually prescribed for a year ahead during the long-term regulation. Uniform boiler tariffs for energy transmission for 2014 were approved in the Sverdlovsk, Chelyabinsk, Perm regions. GRR minus loss compensation for 2014 was also approved.
Revenues from energy transmission contribute most to the overall revenues of the Company. As of 2014 these revenues totaled RURRussian ruble 57,481 mnMillion or 96% of overall revenues (+4% on 2013). In absolute terms the increase totaled RURRussian ruble 2, 223 mnMillion and was due to the growth of uniform boiler transmission tariffs.
|Branch||Measurement units||Permenergo||Sverdlovenergo||Chelyabenergo||IDGCInterregional Distributive Grid Company of Urals|
|Boiler GRR||RURRussian ruble mnMillion||15,303||28,877||16,276||60,052|
|Other consumers||RURRussian ruble mnMillion||13,996||28,558||15,715||58,308|
|Residents||RURRussian ruble mnMillion||1,307||319||560||1,745|
The structure of transmission revenues for 2014 (tariff):
Sverdlovenergo: Sverdlovsk Regulator Act #171-PK dd. 23.12.2010 on the approval of long-term tariffs for transmission services rendered by IDGCInterregional Distributive Grid Company of Urals (as revised by Sverdlovsk Regulator Act #147-PK dd. 18.12.2013) confirmed long-term regulatory parameters for IDGCInterregional Distributive Grid Company of Urals, operating under RAB, for 2012-2017 transmission tariffs.
Uniform (boiler) tariffs for energy transmission via networks located in the Sverdlovsk region for 2014 were approved by Sverdlovsk Regulator Act #146–PK dd. 18.12.2013 on the approval of uniform (boiler) transmission tariffs enforced in the Sverdlovsk region. Uniform (boiler) tariffs for 1H 2014 were approved with a 2.2% growth on 2H 2012, uniform (boiler) tariffs for 2H 2014 were approved with a 0% growth on 1H 2014. In 2014 the growth of average weighted tariff for energy transmission via networks located in the Sverdlovsk region totaled 6.3%. When uniform (boiler) tariffs were approved for transmission and capacity balance sheets for 2014 Sverdlovsk network boiler, transmission volumes and capacity of all last-mile consumers, except regional grid companies, were excluded. Boiler productive supply in 2014 was cut by 0.2% on 2013. Boiler GRR was reduced by 4.1% on 2013.
Permenergo: Since 01.01.2008 the tariff for energy transmission used in the Perm region is formed under a boiler model supported by regulatory documents on transmission tariffs. Perm Regulator Act # 49-e dd. 26.06.2012 on the review of long-term parameters for IDGCInterregional Distributive Grid Company of Urals (Permenergo branch) reviewed long-term tariffs and long-term regulatory parameters for Permenergo branch operating under RAB regulation since July 01, 2012. Perm Regulator Act #49-e dd. 26.06.2012 (as revised by version dd. 28.12.2012) approved:
- long-term RAB parameters for Permenergo branch.
- gross revenue requirement for Permenergo branch for a long-term RAB regulation period (loss compensation excluded) for 2012-2017.
Key approved parameters in 2014, in comparison to 2013, are as follows:
- 5.0% reduction of boiler productive supply;
- 4.4% growth of boiler GRR (loss compensation and payments to regional GridcoGrid Companys excluded).
Perm Regulator Act #60-e dd. 25.12.2013 on the establishment of tariffs on energy transmission in the Perm region approved uniform (boiler) tariffs for energy transmission in the Perm region for 2014. Uniform (boiler) tariffs in 1H 2014 were approved with a 3% growth on tariff approved for 01.09-31.12.2013. Uniform (boiler) tariffs for 2H 2014 were equal to 1H 2014 tariffs.
Chelyabenergo: 2014 tariffs for energy transmission were approved by the regional regulator according to Government Act #1178 dd. 29.12.2011 on regulated pricing in the energy sector. Uniform (boiler) tariffs for energy transition since 01.01.2014 were approved with 107% growth on the tariffs for 2H 2013. In 2014 the growth of average tariff totaled 36.6% on 2013. Gross revenue requirement grew by 23.0%, smoothing mechanism totaled RURRussian ruble 203 mnMillion. 2014 revenues were affected by 107% tariff growth on 2013. The transmission and capacity balance sheet of Chelyabenergo lost large last-mile consumers (ChEMKChelyabinsk Electric Metallurgy Plant and Magnezit). The tariff for other consumers in the Chelyabinsk region since 01.01.2014 increased by 107% (Chelyabinsk Regulator Act #58/5 dd. 19.12.2013). Last-mile HV1 tariff consumers partially compensate expenses incurred by Chelyabenergo, paying cross-subsidies at 440 RURRussian ruble-per-MWh rate. Chelyabenergo boiler includes 45 regional grid companies with prolonged contracts since 2013. GRR of regional grid companies for 2014 has changed from RURRussian ruble 1,157 mnMillion to RURRussian ruble 1,613 mnMillion. (expense growth - 139%). AES Invest is the second boiler owner in the region. Transmission services in the Chelyabinsk region are paid according to the current legislation.
Gross revenue requirement of the Company (loss compensation excluded) is presented below:
|Year||Sverdlovenergo||Permenergo||Chelyabenergo||IDGCInterregional Distributive Grid Company of Urals|
|RURRussian ruble thousThousand|
|Gross revenues requirement (loss compensation excluded)||2012||15,940,625||8,010,416||12,146,367||36,097,408|
Analysis of changes in average tariff for energy transmission in branches (tariff), kop./kWhKilowatt/hour:
Volatility of average tariff in Chelyabenergo was influenced by annual change of the quantity of regional grid companies in Chelyabenergo boiler in 2011-2013. In 2014 the boiler scheme in Chelyabenergo has changed. Productive supply of the branch is formed according to the model: last-mile consumers with contracts on energy transmission concluded with the branch as of 01.09.2013 stay in the boiler of the branch till 01.07.2017 under HV1 tariff. The Chelyabinsk regulator reviewed the regional boiler model for 2014 since 01.09.2013. Network boiler was divided into 2 segments owned by boiler holders (Chelyabenergo and AES Invest). Revenues from boiler holders are gained according to uniform boiler tariffs. Due to the review of scheme Chelyabenergo reduced productive supply in 2014 compared to 2013. In 2013 productive supply was formed on the borderline between Chelyabenergo and regional grid companies. Besides, several regional grid companies, previously comprising the GRR of Chelyabenergosbyt, have moved to GRR of Chelyabenergo.
Diachrony of gross revenue requirement for energy transmission services in branches (tariff), RURRussian ruble mnMillion
|GRR total||Own GRR||GRR total||Own GRR||GRR total||Own GRR||GRR total||Own GRR||GRR total||Own GRR||GRR total||Own GRR|
|Sverdlovenergo||RURRussian ruble mnMillion||20,953||5,323||22,341||6,038||27,915||6,600||28,561||7,882||30,124||8,309||28,877||8,162|
|Permenergo||RURRussian ruble mnMillion||11,274||4,894||14,667||6,670||13,781||4,636||14,237||4,884||15,724||5,533||15,303||5,967|
|Chelyabenergo||RURRussian ruble mnMillion||11,234||4,560||14,171||4,570||13,885||4,767||15,986||6,516||14,204||4,632||16,235||5,695|
|Total||RURRussian ruble mnMillion||43,461||14,777||51,179||17,278||55,581||16,003||58,784||19,282||60,052||18,473||60,415||19,824|
Diachrony of the structure of GRR for energy transmission services (tariffs) RUR Russian ruble mnMillion:
|Revenue type||Measurement unit||2009||2010||2011||2012||2013||2014|
|Boiler GRR||RURRussian ruble mnMillion||43,461||51,179||55,824||58,784||60,052||60,415|
|Regional grid companies (RGC)||RURRussian ruble mnMillion||10,554||11,360||13,967||12,628||13,713||13,492|
|Losses||RURRussian ruble mnMillion||8,487||9,967||9,833||10,059||10,661||10,341|
|FSK||RURRussian ruble mnMillion||9,642||12,574||15,779||16,816||17,205||16,759|
|Own GRR||RURRussian ruble mnMillion||14,777||17,278||16,245||19,282||18,473||19,824|