1 / 16

PRESENTATION

PRESENTATION “ECONOMIC POLICY UNDER CONDITIONS OF REFORMING MARKET OF POWER AND ELECTRIC ENERGY AND IMPLEMENTATION OF INVESTMENT PROGRAM” Archangelskaya A.I. Market model ( status ) in 2010. Operational units as of 2007. New units built after 2007. Regulated power market.

maren
Download Presentation

PRESENTATION

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PRESENTATION “ECONOMIC POLICY UNDER CONDITIONS OF REFORMING MARKET OF POWER AND ELECTRIC ENERGY AND IMPLEMENTATION OF INVESTMENT PROGRAM” Archangelskaya A.I.

  2. Market model (status) in 2010 Operational units as of 2007 New units built after 2007 Regulated power market Risk hedging mechanism Electricity sold at market price None Regulated electricity market Electricity sold per regulated contracts at the price established by RF Tariff Service No power market No power market

  3. I. Approaches to forecasting the revenues of Rosenergoatom OJSC for the period up to 2022 Forecasting REA revenues in 2010 Level of next day market prices Annual production program Level of regulated tariffs Electricity generation Electricity sales Available capacity per month

  4. Market model after 2011 Risk hedging mechanism New units constructed after 2007 Operational units as of 2007 Electricity market Electricity market Price regulated by RF FTS Safety surcharge Liberalization ratio (sales at free price Capacity market Capacity market Investment surcharge

  5. I. Approaches to forecasting the revenues of Rosenergoatom OJSC for the period up to 2022 Annual production programs Level of market prices with allowance for deflators associated with gas price changes Revenues from selling capacity of the operational NPP at capacity markets Revenues from selling electricity at regulated prices Forecasting REA revenues starting from 2011 Revenues from selling capacity to ensure safe operation of NPP Revenues from selling capacity to support construction (renovation, upgrades) Price for capacity of the new power units Investment program of Rosenergoatom OJSC

  6. Uncertainties of the forecasts The uncertainty areas of the forecasts starting from 2011: • deflator indexes; • ration of the electricity market liberalization: Vision of the RF Ministry of economic development – 76%, Minenergo estimates – 82%; • limiting growth of the regulated tariffs: From 14 to 26%; • funding of the investment program from the Federal budget.

  7. Forecasts of the revenues of Rosenergoatom OJSC for the period of 2011-2022 Mln.rub. (without VAT) REA revenues for 2011 – 2022

  8. Forecasts of the revenues of Rosenergoatom OJSC for the period of 2011-2022 Mln.rub. (without VAT) REA revenues for 2011 – 2022

  9. Conditions for collecting revenues in 2011 In order to provide for the investment funds in the amount of 302,2 billion rubles, we need to have the following prices: • - electricity at the day ahead market – 890 rub/MW*h; • - for capacity of operational units – 120 rub/MW per month; • - electricity and capacity per regulated contracts (for public) – 214,3 rub/MW*h and 394 027 rub/MW per month; • - safety surcharge – 133 140 rub/MW per month; • - investment surcharge– 381 008 rub/MW per month; • - for capacity of new units – 211 568 rub/MW per month. Corrections of the forecasts are performed by investment program based on the decisions of the RF regulatory bodies.

  10. II. Forecasts of the expenses of Rosenergoatom OJSC for the period up to 2022 Approaches to forecasting : • anticipated expenses for FNF and SNF (assessment of the demand for fresh fuel, forecast of the cost of FNF based on the assumption of convergence of the prices on the external and internal markets, transition to 18-months fuel cycle, new price forming rules for SNF); • anticipated expenses for fist core loads; • anticipated expenses for amortization and depreciation costs (commissioning plant and equipment, commissioning plant and equipment, modernization); • anticipated expenses for labor costs (growth of productivity, optimization of stuff, incentive system); • assessment of the dedicated reserves for security and decommissioning; • consolidated estimate of other conditionally-fixed expenses; • estimated profit.

  11. Forecast of operational costs Operational costs of Rosenergoatom OJSC (including dedicated reserves for security and decommissioning) for the period of 2011-2022. Bln. rub. (without VAT)

  12. III. Assessment of the investment sources of Rosenergoatom OJSC for the period up to 2022. • The purpose of the forecasts is to consistently: • establish the possibility for covering the investment demands of Rosenergoatom from its own earned funds; • identify any deficits of funding sources; • determine the possibilities of attracting and servicing credits.

  13. III. Assessment of the investment sources of Rosenergoatom OJSC for the period up to 2022. Bln.rub. Conclusion: In certain periods there is an imbalance of investment demands and investment capabilities of Rosenergoatom.

  14. Objectives of Rosenergoatom OJSC • Search for new businesses and competencies, maximization of revenues • Improvement of the internal economic efficiency, reduction of relative costs • Increased economic efficiency of spending the investment resources and consequential optimization of the investment demands.

  15. Thanks for your attention!

More Related