Parameters used on revenue aproval for period

Slides:



Advertisements
Similar presentations
Accounting Method for Chinas Quarterly GDP by Expenditure Approach QIU, Qiong Dept. of National Accounts, NBS.
Advertisements

Cross-Border Infrastructure: A Toolkit Tariff and Rate Setting Session on Regulation & Accountability Max Bradford Castalia The views expressed here are.
China Petroleum & Chemical Corporation Q1-Q Results Announcement 28 October 2005.
RIIO-T1 impact on allowed revenues and network charges 6 September 2012.
Mini Grids in Asia Sameer Kalra Sept 30 th, 2010.
Electricity Interconnectors in GB
TARIFF REGULATION IN THE NIGERIAN ELECTRICITY SUPPLY INDUSTRY
The big picture in the EU Managing conflicting objectives in tariff design Tom Maes, Vice-Chair CEER Gas Working Group Understanding the impact of regulatory.
Australian Energy Regulator AER Preliminary decisions for Energex and Ergon Energy 2015−20 Conference 12 May 2015.
Think Break #8 You operate a farm with market value of $700,000 in land, buildings, machinery, etc. Your debt is $300,000 with an annual interest payment.
1 Georgian National Energy and Water Supply Regulatory Commission Tariff Regulation Gocha Shonia Department of Methodology and informational provision.
Incentive Regulation Topics Scott A. Struck, CPA Financial Analysis Division Public Utilities Bureau Illinois Commerce Commission.
The Australian Energy Regulator SA Electricity distribution determination 2015–2020 Consumer/stakeholder forum 3 September 2014.
1 Georgian National Energy And Water Supply Regulation Comission Power Losses Nugzar Beridze June 27-July 3, 2008.
LOGO Ho Chi Minh - November Developments in Energy Sector And Target I. Power Development Plan (Master Plan VII) approved by Vietnam.
RES/CHP Support Scheme in Slovenia Conference: Sustainable Energy Development in SE Europe Irena Praček, Director, Energy Agency of the Republic of Slovenia.
1 United States Agency for International Development (USAID) National Association of Regulatory Utility Commissioners (NARUC) Sponsored.
THE MEASUREMENT AND STRUCTURE OF THE CANADIAN ECONOMY
1 27 March 2013 MYPD3 Briefing Session – Portfolio Committee on Energy.
Draft decisions Access Arrangements for APT Allgas and Envestra (Qld) Warwick Anderson General Manager, Network Regulation 1 March 2011 Public.
Australian Energy Regulator AER Preliminary decision for SA Power Networks 2015−20 Conference 13 May 2015.
The Australian Energy Regulator. Today’s agenda Presentations from : ◦AER – Sebastian Roberts, General Manager Networks ◦Consumer challenge panel – Robyn.
May , 2008 Bucharest 1 Regional Workshop on Uniform System of Accounts and Regulatory reporting Evgenija Kiprovska, Head of Economic department.
Australian Energy Regulator Predetermination conference: AER draft decisions on NSW electricity distribution regulatory proposals December 2014.
Incentive Regulation for business development GTE Conference, Copenhagen 24th September 2004 Paolo Caropreso, COO Business Development.
The Australian Energy Regulator SA electricity distribution determination 2015–2020 Framework and approach Presentation to the Energy Consumers’ Council.
10.1 Input Demand: The Capital Market and the Investment Decision Capital are those goods produced by the economic system that are used as inputs to produce.
TAOYUAN ENVIRONMENTAL SCIENCE & TECHNOLOGY PARK BUSINESS INVITATION SEMINAR PRESENTATION OF PREFERENTIAL MEASURE & COUNSELING ENVIRONMENTAL PROTECTION.
Chapter 11: Capital, Investment and Depreciation.
Getting Ready! Potential issues for consumers Ergon Distribution Network Regulatory Proposal Bev Hughson, Consumer Challenge Panel (CCP) 2 September 2014.
ANRE May, 19-20, 2008 Bucharest - Romania 1 Romanian Energy Regulatory Authority – ANRE – Regulatory Issues in Romania Bogdan Anton Expert ANRE – Annual.
Commission For Energy Regulation Padraig Fleming Manager, Distribution & Retail 22 nd July 2004.
Managing Costs Strategically - A Road to Success By Manoj Misra Head of Regulatory(SP) Vodafone-India.
Getting Ready! Potential issues for consumers Queensland Distribution Network Regulatory Proposals Bev Hughson, Consumer Challenge Panel (CCP) 8 August.
The Australian Energy Regulator QLD Electricity distribution determination 2015–2020 Consumer/stakeholder forum – No 4 8 August 2014.
Accounting (Basics) - Lecture 3 Property, plant and equipment.
GOVERNMENT OF THE KINGDOM OF LESOTHO Water and Sewerage Company (WASCO) Greater Maseru Water Supply Feasibility Study & Preliminary Design Results of Financial.
1 RORB Return on Rate Base. Legal Basis  Section 43, (f) of Republic Act No Section 43. Functions of the ERC – x x x (a) x x x (f) x x x “The rates.
 At the time the decision was made to regulate the major airports, Cabinet noted that no work had been undertaken on regional airports. So MOT was invited.
Discussion on Multi Year Tariff By Vivek Sharma & Manisha Kabra.
Energy Economics A synthetic methane plant from coal is to be constructed at a cost of $4 billion dollars. It requires 14,000 tons/day of coal (10,000.
Default price-quality paths for gas pipeline services Briefing on the Commission’s final decision for financial market analysts 28 February 2013.
Romanian Natural Gas Regulatory Authority (ANRGN) Dan Pantilie President ANRGN Budapest, Hungary May 19, th Annual Meeting of the Energy Regulators.
State Regulation in the Natural Monopoly Sphere Agency of the Republic of Kazakhstan on Regulation of Natural Monopolies ALMATY – 2006.
Mainline Service and Pricing Settlement Presentation to the TTF April 6, 2001.
The Australian Energy Regulator SA electricity distribution determination 2015–2020 Framework and approach 20 November 2013.
1 Electricity Distribution Price Review Metering Workshop 14 July 2005.
Revised draft decision: Initial default price-quality paths for gas pipeline services Briefing for financial market analysts 24 October 2012.
Renewable energy support schemes in the Republic of Moldova
Andrew Reeves, Chairman Asia-Pacific Partnership on Clean Development and Climate: Energy Regulatory and Market Development Forum 4 November 2010.
ESCO MODELS IN INDIA Click to begin.
The Ontario Energy Board and Demand-Side Management
Economic Operation of Power Systems
PRESENTATION TO PARLIAMENTARY PORTFOLIO COMMITTEE ON TRADE AND INDUSTRY 2 NOVEMBER 2012 IPAP 2012/10.
Regulatory perspectives
Forward Looking Cost Base
Cired Alpha Session 6 Special Report Question 3
Rate-of-Return Regulation
DEVELOPMENT OF IMPUTATION MODEL FOR SMALL ENTERPRISES
Regulatory perspectives
Information related to auction premium
Denis Aitchison/Rob Hetherington
Minerals & Energy Parliamentary Portfolio Committee
Information regarding the total revenue determined according to the provisions of Order no. 99/2018 of ANRE Chairman a) The total revenue allowed to be.
Group of NTS entry/exit points Types of gas transmission services
Indicators regarding the total revenue approved for the period October 2018 – September 2019 a) Total revenue approved by ANRE is allocated by the fix.
OUTLINE Legislative context, NERSA vision and NERSA mission
Information on accrual reconciliation account
Transmission service (approved tariffs) (approved tariffs) Variation
Presentation transcript:

Parameters used on revenue aproval for period 01.10.2018-30.09.2019 Types of assets included in the RAB and their value calculated at the beginning of the third regulatory period, according to Annex 1 to ANRE Order 32/2014   Tangible/intangible assets Regulated value related to the gas transmission activity (RON) Group 1 Constructions 2.461.775.813,98 Subgroup 1.1 Buildings 100.884.269,28 Subgroup 1.2 Light constructions 4.976.191,45 Subgroup 1.3 Main pipelines 2.286.030.593,70 Subgroup 1.4 Wells for injection/extraction of gas from underground storages 3.955.545,66 Subgroup 1.5 Steel distribution pipelines 30.789,25 Subgroup 1.6 Polyethylene distribution pipelines 1.749,94 Subgroup 1.7 Other constructions 65.896.674,70 Group 2 Technological equipment, machinery and work equipment 34.484.419,51 Group 3 Measuring, control and regulation devices and installations 65.753.026,61 Subgroup 3.1 Diaphragm meters, ultrasonic meters, other deprimogenous systems 42.606,12 Subgroup 3.2 Rotary pistons meter, turbine meters 981.625,61 Subgroup 3.3 Electronic converters, flow meters, other measurement, control and regulation devices and installations 64.728.794,88 Group 4 Transportation means 12.203.208,38 Group 5 Other tangible and intangible assets 25.925.218,94 Group 6 Lands 1.976.266,38 TOTAL 2.602.117.953,80

Parameters used on revenue aproval for period 01.10.2018-30.09.2019 Capex structure approved for period oct.2018-sept.2019 For the third regulatory period the return on invested capital was set, according to ANRE Order 22/2012, to 7,72% For the third regulatory period it was established an addition to the return on invested capital amounting to 1,4 %   for certain types of assets according to ANRE Order 23/2012 The regulated return on capital for the third regulatory period was calculated in accordance with the gas transmission regulated revenue, total revenue and regulated tariff setting methodology approved by ANRGN Decision 1078/2003, as further amended and supplemented, Art.119 to 125. For the fourth regulatory period the return on capital will be calculated according to ANRE Order 32/2014 (Art.19 – Art.25), ANRGN Decision 1078/2003 being cancelled. The methodology for determination of the initial value of the assets is described in Annex no.2 to the Methodology approved by ANRE Order no.32/2014 No. Indicator Capex structure oct.2018-sept.2019 (thousand RON) 1 2 Depreciation 174.208,65 Profit 295.641,93 * TOTAL CAPEX 469.850,58

Parameters used on revenue aproval for period 01.10.2018-30.09.2019 The depreciation periods and the depreciation value of the assets included in the asset base established at the beginning of the third regulatory period according to Annex 1 to ANRE Order 32/2014 Tangible/intangible assets Regulated depreciation period Regulated depreciation (RON) Group 1 Constructions 88.982.157,66 Subgroup 1.1 Buildings 50 3.762.345,89 Subgroup 1.2 Light constructions 10 482.692,23 Subgroup 1.3 Main pipelines 40 78.927.289,04 Subgroup 1.4 Wells for injection/extraction of gas from underground storages 25 185.925,97 Subgroup 1.5 Steel distribution pipelines 30 1.097,45 Subgroup 1.6 Polyethylene distribution pipelines 43,75 Subgroup 1.7 Other constructions 5.622.763,33 Group 2 Technological equipment, machinery and work equipment 3.933.252,50 Group 3 Measuring, control and regulation devices and installations 7.897.677,43 Subgroup 3.1 Diaphragm meters, ultrasonic meters, other deprimogenous systems 20 2.367,01 Subgroup 3.2 Rotary pistons meter, turbine meters 15 75.452,72 Subgroup 3.3 Electronic converters, flow meters, other measurement, control and regulation devices and installations 7.819.857,70 Group 4 Transportation means 5 4.122.717,87 Group 5 Other tangible and intangible assets 5.684.433,23 Group 6 Lands 15.357,84 TOTAL 110.635.596,53

Parameters used on revenue aproval for period 01.10.2018-30.09.2019 (iii) OPEX approved for October 2018-September 2019 amount to RON 658.727,27 thousand, of which technological consumption amounts to RON 85.425,62 thousand. (iv) Pass-through costs approved for October 2017-September 2018 amount to RON 137.921,96 thousand   (v) Incentive mechanisms and efficiency targets  Boosting efficiency is achieved by the adjustment of operating costs. According to the methodology, operating costs are established in the first year of a regulatory period and are adjusted in the subsequent years of the regulatory period with the difference between the inflation rate and the annual rate of gas transmission economic efficiency increase. The rate of gas transmission economic efficiency increase reflects ANRE`s estimations regarding possible OPEX savings, without the technological consumption costs, which may be achieved in a year of the regulatory period to improve the economic performance of the licence holder and is established depending on the efficiency target set for a regulatory period. The rate of gas transmission economic efficiency increase ensures a transfer of economic efficiency in favour of the consumers. The rate of gas transmission economic efficiency increase established by ANRE Order 74/2017 for each year of the third regulatory period between October 2017-September 2019 and used to calculate the total revenue for October 2017-September 2018 is of 3,5%. (vi) The inflation rate used to calculate the total revenue for October 2017-September 2018 amounts to 2,57%. This was established by using the anual inflation average of 3,2% for 2017 and of 2,8% for 2018, based on the spring 2017 forecasting of the National Forecast Commission.