1. Market Overview
30 September 2016 year

2. Market Overview Price Dynamics on the Russian Market
Comments
Electricity and Capacity Price Dynamics
Electricity price on the spot market in the 1st price zone increased 4.9% YoY alongside with unfavorable domestic market conditions in the 2nd price zone where electricity price decreased 7.5% YoY;
KOM’s capacity prices in the wholesale market went up by 18.2% YoY;
Capacity payments for CDA objects grew on average 28.0% YoY due to increased yields of long-term government bonds and the CPI-indexed operating expenses
Capacity Deliver Agreements (CDA) resulted in an average from 4.5 and 8.8 times higher price level in comparison with other segments of the capacity market.
Electricity Price Dynamics on the Spot Market, RUB/MW/hour
Change 9M2016-9M2015
1st price zone
+4.9%
2nd price zone
-7.5%
Capacity Price Dynamics on the Wholesale Market
ths RUB/MW/month (1)
9M 2016
9M 2015
Change
Regulated agreements
142,072
127,859
+11.1%
CDA
925,807
723,082
+28.0%
КОМ
133,763
113,150
+18.2%
Forced-mode regime
205,559
203,995
+0.8%
Expensive generation
0,0 -
Free bilateral agreements
105,710
100,535
+5.1%
Electricity Sales Breakdown on the Wholesale Market, 9M 2016, TW*h(2)
Capacity Sales Breakdown, 9M 2016(3)
CDA 14.2%
Regulated agreements 30.2%
Forced-mode regime 5.7%
KOM 14.9%
Free bilateral agreements 35.0%
Regulated Contracts
21.4
Free market 78.6%
The total volume of sales: 92.9 TW*h
The total volume of sales: 25.7GW
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Capacity prices dynamics is calculated on the base of nominal average price of 1MW of capacity sold in each market segment
Electricity Sales Breakdown on the Russian Wholesale Market
For Russian assets only
Market Overview