- Management Discussion and Analysis (MD&A)
- 2012 annual financial statement in compliance with disclosure and transparency rules (management report 2012)
- 2012 financial statements (according to IFRS)
Electric energy transmission services
The principal activity of Federal Grid Company is the transmission of electricity via the Russian Unified National Electric Grid (the “UNEG”). Payments for this type of services are the main financing source for the revenue side of the Company’s budget.
According to Russian legislation, electric energy transmission services through the the UNEG are monopoly-type activities and are regulated by the Russian Government.
The price for electric energy transmission services is determined via respective tariffs set by the Russian Federal Tariff Service, taking into account normative technological losses of energy during the UNEG transmission for the respective subject of the Russian Federation, as adopted by the Russian Ministry of Energy.
Since 2010, within the framework of measures to upgrade investor attractiveness for the power industry, tariffs for Federal Grid Company on services related to the transmission of electric energy via the the UNEG are set based on the method of return on invested capital (RAB regulation). The change in method ensured a significant increase in the tariff growth rate.
Over four years, the volume of electric energy transmission services provided by the Company increased more than 100%, reaching 136,558,888 thousand rubles in 2012, according to the Company’s IFRS consolidated financial statements.
The number of our customers constantly increases. In 2012, the number of consumers for electric energy transmission services provided by the Company amounted to 207 organisations (having connections to the the UNEG).
Detailed information on electric energy transmission services, provided by the Company, is available at the official website in the section Operations / Energy transmission.
Technological connection services
Technological connections are a complex service that provides for the actual connection of energy receiving devices (power units) to electric grid system objects. We provide technological connection services to new consumers as well as to existing customers, who need to increase power consumption.
The main consumers of technological connection services include:
- Large businesses (the oil and metallurgical industry, the production of construction materials, etc.);
- Construction and reconstruction of complex immovable property objects;
- Distribution grid companies.
In 2012, the Company concluded 376 agreements on the provision of technological connection services; the overall volume of maximum capacity under the agreements amounted to 2,78 GW.
Detailed information on technological connection services provided by the Company is available at the official website in the section Operations / Technological connection.