FrancophonIA/DGT-Translation_Memory huggingface dataset:
English: However, the system of guaranteed minimum off-take mitigates that constraint to a large extent. The system of minimum guaranteed off-take should be regarded as a guarantee for generators that they will not be prevented from using their capacities for energy production and sale should MVM not make use of its reserved capacities.
French: Le système de garantie d’achat minimum peut être considéré comme une garantie pour les producteurs car même si MVM n’utilise pas ces capacités réservées, cela n’empêchera pas l’utilisation de ces capacités à des fins de production et de vente d’électricité.
English: Tisza II […] […] […]
French: Csepel II
English: Mátra […] […] […]
French: Centrale nucléaire de Paks
English: All other generators charged MVM an average price between 13,86 and 25,46 HUF/kWh. This pricing is 10 % to 100 % higher than the highest free market price.
French: Tous les autres producteurs ont facturé à MVM un prix moyen situé entre 13,86 et 25,46 HUF/kWh, soit 10 à 100 % plus cher que le prix le plus élevé pratiqué sur le marché libre.
Italian: Tutti gli altri produttori hanno fatturato a MVM un prezzo medio compreso tra i 13,86 e i 25,46 HUF/kWh, ossia ad un prezzo che supera del 10-100 % i prezzi più alti del libero mercato.
English: All other generators charged their electricity under PPA at an average price between 13,99 and 25,64 HUF/kWh. This pricing is between 10 and 100 % higher than the highest free market price.
French: Tous les autres producteurs ont facturé à MVM un prix moyen situé entre 13,99 et 25,64 HUF/kWh, soit 10 à 100 % plus cher que le prix le plus élevé pratiqué sur le marché libre.
Italian: Tutti gli altri produttori hanno fatturato per l’energia elettrica un prezzo medio compreso tra i 13,99 ed i 25,64 HUF/kWh, sulla base del proprio HTM, ossia, prezzi che superano del 10-100 % i prezzi più alti del libero mercato.
English: All other generators charged their electricity under PPA at an average price between 16,67 and 33,49 HUF/kWh. This is between 15 % and 135 % higher than the highest free market price.
French: Tous les autres producteurs ont facturé à MVM un prix moyen situé entre 16,67 et 33,49 HUF/kWh, soit 15 à 135 % plus cher que le prix le plus élevé pratiqué sur le marché libre.
Italian: Tutti gli altri produttori hanno fatturato per l’energia elettrica un prezzo medio compreso tra i 16,67 e i 33,49 HUF/kWh, sulla base del proprio HTM, ossia, ad un prezzo che superava del 15-135 % i prezzi più alti del libero mercato.
English: One of the conditions set out in point 66 is that the support measure is beneficial in terms of the protection of the environment because the conversion efficiency is particularly high, because the measure will allow energy consumption to be reduced or because the production process will be less damaging to the environment. Nothing in the information available to the Commission indicates that this condition is met.
French: L’une des conditions indiquées au point 66 concerne l’avantage de la mesure d’aide en matière de protection de l’environnement soit parce que l’efficience de la conversion est particulièrement élevée, étant donné que la mesure permet la réduction de la consommation énergétique soit parce que le procédé de production est moins nuisible à l’environnement.
English: However, according to the case-law of the Court, no provision of Community law requires the Commission, when ordering the recovery of aid declared incompatible with the common market, to fix the exact amount of the aid to be recovered. It is sufficient for the Commission's decision to include information enabling the recipient to work out the amount itself without too much difficulty [120].
French: Selon la jurisprudence de la Cour il n’existe cependant aucune disposition communautaire prescrivant que lors de l’ordonnance du remboursement d’une aide incompatible avec le marché commun, le montant exact de l’aide à rembourser doit être déterminé avec précision, si la décision de la Commission inclut les informations permettant au destinataire de calculer sans grande difficulté le montant [120].
English: Such a tool was actually used by the Commission in the context of the Energy Sector Inquiry to assess the structure and performance of six European wholesale markets [130]. Such tools are also used by a number of power generators and traders to do long-term electricity forecasting, conduct resource planning studies and optimise generation despatch.
French: De nombreux producteurs et négociants en énergie électrique utilisent de tels outils en vue d’élaborer des prévisions à long terme, des études de programmation des ressources ainsi que pour optimaliser leur production [130].
English: (TWh)
Italian: (in TWh)
English: A Principal Evaluating Committee (Értékelő Főbizottság) made the final proposal to the winner of the tender. The members of this Committee were the representatives of the Ministry of Economy, the Ministry of Environment, the Hungarian Energy Office, MVM and the ERSTE Bank.
Italian: La proposta finale relativa all’aggiudicatario dell’appalto è stata resa nota dalla commissione principale di valutazione (Értékelő Főbizottság), di cui sono membri il ministero dell’Economia, il ministero dell’Ambiente, l’ente ungherese per l’energia, MVM e i rappresentanti di ERSTE Bank.
English: However, by definition, the extent of the effect is multiplied by the co-existence of the ten PPAs on the Hungarian market. The more capacities covered by PPA, the greater the above effects are.
Italian: Allo stesso tempo, la presenza contemporanea di dieci HTM sul mercato ungherese chiaramente moltiplica tale effetto, che è tanto maggiore quanta più capacità viene coperta dagli HTM.
English: Annex IV.3(2) to the Act of Accession defines the ‘interim mechanism’. It provides a legal framework for the assessment of aid schemes and individual aid measures put into effect in a new Member State before the date of accession and still applicable after accession.
Italian: L’allegato IV, capitolo 3, punto 2 dell’Atto di adesione definisce il «meccanismo provvisorio», che determina il contesto normativo per l’esame dei regimi di aiuti e degli aiuti individuali concessi nei nuovi Stati membri prima della data di adesione e applicabili anche successivamente ad essa.
English: The Commission makes the following observations. The PPAs expire between 2010 and 2024, i.e. after accession.
Italian: La Commissione osserva che gli HTM scadono nel periodo 2010-2024, ovvero dopo l’adesione e che essa, soltanto in casi eccezionali, ha ritenuto che le misure di aiuto in vigore anche dopo la data di adesione non si configurano come misure applicabili anche dopo l’adesione ai sensi dell’Atto di adesione.
English: Only in very exceptional circumstances has the Commission considered that an aid measure still in force after accession does not constitute aid applicable after accession within the meaning of the Accession Act. Such exceptional practice should nevertheless, as all exceptions in law, be interpreted stricto sensu to avoid removing from the Commission's State aid control measures that the signatories of the Accession Act intended to be under such control.
Italian: Questa prassi d’eccezione tuttavia, secondo i principi fondamentali generali dell’interpretazione giuridica delle eccezioni — deve essere interpretata in maniera limitativa, in modo che non vengano escluse dal controllo che la Commissione esercita sugli aiuti di Stato misure per le quali, secondo l’intenzione dei firmatari del trattato di adesione, si applica tale competenza di controllo.
English: Budapest power plant argues that this last sentence of Article 1(b)(v) of the Procedural Regulation should not apply. The plant invokes the Alzetta Mauro judgment [102], arguing that aid awarded in a market that was closed to competition before its liberalisation is to be regarded as existing aid from the date of liberalisation.
Italian: Secondo l’argomentazione di Budapesti Erőmű — che fa riferimento alla causa Alzetta Mauro [102], sostenendo che l’aiuto concesso in un mercato non competitivo prima della liberalizzazione viene considerato aiuto esistente dalla data della liberalizzazione — l’ultima frase dell’articolo 1, lettera b), punto v), del regolamento di procedura non è applicabile.
English: The aid cannot be regarded as investment aid. Investment aid is defined using a list of potential eligible costs which are indicated in both the Regional Aid Guidelines.
Italian: L’aiuto di cui trattasi non può essere considerato un aiuto all’investimento, che sulla base degli orientamenti per gli aiuti regionali, è definito sulla base di un elenco dei costi ammissibili.
English: On 23 January 2008, the Commission adopted new guidelines on State aid for environmental protection [110]. These new Guidelines also allow operating aid only in the cases of energy saving, cogeneration, the use of renewable energy sources and tax reductions and exemptions.
Italian: Il 23 gennaio 2008 la Commissione ha adottato una nuova disciplina comunitaria degli aiuti di Stato per la tutela ambientale [110], che autorizza aiuti al funzionamento soltanto nel caso di risparmio energetico, utilizzo di fonti rinnovabili, nonché sgravi ed esenzioni fiscali.
English: The Commission is aware of the existence of suitable tools capable of performing the necessary simulation. Such a tool was actually used by the Commission in the context of the Energy Sector Inquiry to assess the structure and performance of six European wholesale markets [130].
Italian: La Commissione è a conoscenza del fatto che esistono strumenti adeguati per eseguire la simulazione, che essa stessa ha utilizzato nell’ambito dell’indagine sul settore energetico per valutare la struttura e la presentazione di sei mercati all’ingrosso europei [130].
English: The interested parties argue that even if one were to accept that the PPAs constituted State aid within the meaning of Article 87(1) of the EC Treaty, such State aid should be regarded as existing aid within the meaning of Annex IV, paragraph 3, subparagraph 1(c) to the Accession Act. They are of the view that the Commission did not object to the measure within the period of 3 months required by the Accession Act. The Hungarian authorities notified the measure on 31 March 2004.
Lithuanian: Suinteresuotosios šalys teigia, kad net jei būtų sutikta, kad EEPS yra valstybės pagalba pagal EB sutarties 87 straipsnio 1 dalį, tokia valstybės pagalba turėtų būti laikoma esama pagalba pagal Stojimo akto IV priedo 3 dalies 1 punkto c papunktį.
English: The figures in the table are based on the letters from the Hungarian authorities registered on 24 September 2007 and 16 January 2008. There are certain minor differences (of less than 5 %) between the figures provided in the two information letters with regard to the prices for 2006.
Polish: Dane liczbowe zawarte w tabeli opierają się na treści pism od władz węgierskich, zarejestrowanych w dniach 24 września 2007 r. i 16 stycznia 2008 r. Istnieją niewielkie rozbieżności (na poziomie poniżej 5 %) pomiędzy danymi przedstawionymi w dwóch pismach informacyjnych, dotyczące cen za rok 2006.
Lithuanian: Lentelėje pateikti skaičiai yra pagrįsti Vengrijos institucijų raštais, užregistruotais 2007 m. gruodžio 24 d. ir 2008 m. sausio 16 d. Dviejuose informaciniuose raštuose pateikti skaičiai šiek tiek skiriasi (mažiau kaip 5 %), palyginti su 2006 m. kainomis.
English: Furthermore, two international arbitrage procedures are pending before the International Centre for the Settlement of Investment Disputes in Washington, D.C, launched against the Republic of Hungary by the electricity generation companies […] and […], both shareholders of power plants under PPA in Hungary. The proceedings are based on the investment protection provisions contained in the Energy Charter Treaty.
Latvian: Turklāt divi starptautiski arbitrāžas procesi, ko pret Ungārijas Republiku uzsāka elektroenerģijas ražošanas uzņēmumi […] un […], kas abi ir EPL elektrostaciju akcionāri Ungārijā, atrodas izskatīšanā Starptautiskajā ieguldījumu strīdu risināšanas centrā Vašingtonā, Kolumbijas apgabalā… Procesi tiek pamatoti ar ieguldījumu aizsardzības noteikumiem, kas ietverti Enerģētikas hartas līgumā.
English: Measures that favour undertakings in the energy sector in one Member State may therefore impede the ability of undertakings from other Member States to export electricity to that State, or favour the export of electricity from that State to the other Member State. This is particularly true for Hungary, which owing to its central location in Europe is connected or can easily connect to the networks of numerous present or future Member States.
Latvian: Tādēļ pasākumi, kas dod priekšroku elektroenerģijas nozares uzņēmumiem vienā dalībvalstī, var kavēt citas dalībvalsts uzņēmumus eksportēt elektroenerģiju uz minēto valsti vai arī sekmēt elektroenerģijas eksportu no minētās valsts uz otru dalībvalsti.
English: […] (as facility agent for the nine banks, lenders of nearly […] to AES-Tisza) argues that ‘The principal basis for this financing was the existence of the PPA along with the other pertinent project documents (e.g. the Fuel Supply Agreement). […] The PPAs provide stability to demand risk (volume of electricity sold and pricing).’‘The demand stability feature […] is critical in giving banks the necessary security to provide long-term financing in an immature market’.
Maltese: […] (bħala aġent tal-faċilità għad-disa’ banek, li sellfu kważi […] lil AES-Tisza) jargumenta li “Il-bażi prinċipali għal dan il-finanzjament kienet l-eżistenza tal-PPA flimkien mad-dokumenti rilevanti l-oħra dwar il-proġett (eż. il-Ftehim dwar il-Provvista tal-Fjuwil).[…] Il-PPAs jipprovdu stabilità għar-riskju tad-domanda (il-volum tal-elettriku li jinbiegħ u l-ipprezzar).”“L-element tal-istabilità fid-domanda […] huwa kruċjali biex jagħti lill-banek is-sigurtà neċessarja sabiex jipprovdu finanzjament fuq perjodu fit-tul f’suq immatur.”
English: Price differences between the regulated segment and the free segment on the retail market in 2003 and 2004 Source: Statistical data on the Hungarian power system, 2006
Maltese: It-tnaqqis fil-ħtiġijiet ta’ MVM kien fil-parti l-kbira prevedibbli meta l-Ungerija ssieħbet fl-Unjoni Ewropea, b’mod partikolari fid-dawl tad-differenza sinifikanti bejn il-prezzijiet uffiċjali fis-segment tal-utilità pubblika (il-prezzijiet imħallsa mill-konsumaturi lill-kumpaniji ta’ distribuzzjoni reġjonali) u l-prezzijiet osservati fis-segment ħieles fl-2003 u fl-2004.
English: The reserved capacities, the guaranteed off-take and the pricing mechanism provided for by the PPAs shield the power generators under PPA, for the entire duration of the PPA, from the commercial risk associated with operating the power plants. As indicated under recital 211 above, this includes the risk associated with fluctuations in electricity generation costs and, in particular, fuel costs, the risk associated with fluctuations in end-user electricity prices, and the risk associated with fluctuation in end-user electricity demand.
Maltese: Il-kapaċitajiet irriżervati, it-teħid iggarantit u l-mekkaniżmu li jistabbilixxi l-prezzijiet previsti mill-PPAs jipproteġu l-ġeneraturi tal-enerġija taħt il-PPA, għall-medda taż-żmien kollha tal-PPA, mir-riskju kummerċjali assoċjat mal-varjazzjonijiet fl-ispejjeż tal-ġenerazzjoni tal-elettriku u, b’mod partikolari, l-ispejjeż tal-fjuwils, ir-riskju assoċjat mal-varjazzjonijiet fil-prezzijiet tal-elettriku għall-konsumaturi, u r-riskju assoċjat mal-varjazzjonijiet fid-domanda mill-konsumaturi.
English: The Budapest and Csepel power plants argue that generators party to PPAs provide services of general economic interest (SGEI). In their view, the PPAs serve as a tool for MVM to meet its obligation of security of supply and therefore fulfil a public service obligation.
Dutch: De energiecentrales Boedapest en Csepel voeren aan dat producenten die partij zijn bij PPA’s diensten van algemeen economisch belang leveren Zij zijn van mening dat de PPA’s als instrument voor MVM dienen om aan diens verplichting van betrouwbare energielevering te voldoen en derhalve een openbaredienstverplichting vervullen.
English: aid which is deemed to be an existing aid because it can be established that at the time it was put into effect it did not constitute an aid, and subsequently became an aid due to the evolution of the common market and without having been altered by the Member State. Where certain measures become aid following the liberalisation of an activity by Community law, such measures shall not be considered as existing aid after the date fixed for liberalisation.
Dutch: steun die als bestaande steun wordt beschouwd, omdat kan worden vastgesteld dat hij op het moment van inwerkingtreding geen steun vormde, maar vervolgens steun is geworden vanwege de ontwikkeling van de gemeenschappelijke markt, zonder dat de betrokken lidstaat er wijzigingen in heeft aangebracht; maatregelen die vanwege de liberalisering van een activiteit door het gemeenschapsrecht steun zijn geworden, worden na de voor de liberalisering voorgeschreven datum niet als bestaande steun beschouwd;
English: On forward markets, power is traded for delivery further ahead in time. Forward products include weekly, monthly, quarterly and yearly products.
Dutch: Op termijnmarkten wordt energie verhandeld voor levering in de toekomst. termijnproducten bestaan uit wekelijkse, maandelijkse, kwartaal- en jaarlijkse producten.
English: (MWh)
Dutch: (in MWh)
English: This Decision concerns only the PPAs that were in force at the date of accession. It does not cover any PPA that ended before that date.
Dutch: Deze beschikking heeft uitsluitend betrekking op de PPA’s die op de toetredingsdatum van kracht waren en niet op PPA’s die vóór die datum zijn beëindigd.
English: All the interested parties’ arguments concerning the relevant time of assessment aim to show that the economic and legal assessment of the PPAs in the context of the present State aid procedure should be based only on the circumstances that prevailed at the time of the signature of the PPAs (i.e. between 1995 and 2001), and to lead to the conclusion that the PPAs, because of those legal and economic circumstances, do not constitute State aid. They argue that the market economy operator test and the criteria of distortion of competition and effect on trade should be analysed in the economic context of the mid-1990s, that the Commission should take into account MVM's obligations at that time (security of supply) and the model of the energy sector prevailing at that time (‘Single Buyer’ model, etc.).
Polish: Wszystkie argumenty zainteresowanych stron dotyczące właściwego czasu oceny mają na celu wykazanie, że ekonomiczna i prawna ocena umów PPA w kontekście niniejszego postępowania w sprawie pomocy państwa powinna się opierać przede wszystkim na okolicznościach, które istniały w czasie zawarcia umów PPA (tj. w latach 1995–2001) oraz doprowadzenie do wniosku, że umowy PPA, ze względu na wymienione uwarunkowania prawne i ekonomiczne, nie stanowią pomocy państwa.
English: In this respect, it is essential to stress that the main principles of the PPAs, i.e. the long-time capacity reservation, minimum guaranteed off-take and pricing mechanisms based on a capacity fee and an energy fee to cover fixed, variable and capital costs, cannot be isolated and assessed separately. The existence of an advantage lies in the combination of these elements.
Polish: W związku z tym należy podkreślić, że nie można wydzielić i oceniać oddzielnie głównych zasad PPA, tj. długoterminowej rezerwacji mocy, minimalnej gwarantowanej wielkości poboru oraz mechanizmów ustalania cen w oparciu o opłatę za moce wytwórcze i opłatę za energię w celu pokrycia kosztów stałych, zmiennych i kapitałowych Istnienie korzyści wynika z połączenia tych elementów.
English: (HUF/kWh) 2004 4,7
Polish: (HUF/kWh)
English: Energy Act I required MVM to assess the country's total energy demand and to prepare, every two years, a National Power Plant Construction Plan (Országos Erőműépítési Terv). This Plan had then to be submitted to and accepted by the Hungarian Government and the Parliament.
Portuguese: A lei da energia I exigia que a MVM avaliasse a procura total de energia no país e preparasse, de dois em dois anos, um plano nacional de construção de centrais eléctricas (Országos Erőműépítési Terv), que era subsequentemente submetido à aprovação do Governo e do Parlamento húngaros.
English: According to the submissions of the Hungarian authorities [22], the annex to the PPAs concerning price definition was drawn up using the formulae and definitions of the above-mentioned Government Decree 1074/1995 on electricity price regulation. (According to the submission, ‘the agreements copied in the formulae and definitions contained in the decree’.)
Portuguese: De acordo com as informações fornecidas pelas autoridades húngaras [22], o anexo aos CAE relativo à definição dos preços foi redigido com base nas fórmulas e nas definições do já referido decreto governamental n.o 1074/1995, que regula os preços da electricidade (de acordo com as declarações, «os contratos copiaram as fórmulas e as definições existentes no decreto».).
English: The duration of such contracts is usually limited to one to two years. They usually provide for a delivery schedule based on historical consumption.
Portuguese: Regra geral, estes contratos têm uma duração limitada a um ou dois anos e prevêem um calendário de fornecimento baseado no histórico de consumo.
English: EMA
Portuguese: EMEA
English: These prices are also influenced by periodic official price regulation and fluctuation of market demand. This increases the unpredictability of the State's exposure under PPAs.
Portuguese: Além disso, estes preços são influenciados pela regulação oficial periódica dos preços e pela flutuação da procura no mercado, o que aumenta a imprevisibilidade da exposição do Estado no âmbito dos CAE.
English: The Republic of Hungary signed the Accession Treaty on 16 April 2003 [103]. The Accession Treaty entered into force on 1 May 2004.
Portuguese: A República da Hungria assinou o Tratado de Adesão em 16 de Abril de 2003 [103], o qual entrou em vigor em 1 de Maio de 2004.
English: Budapesti Erőmű Rt.
Romanian: Budapesti Erőmű S.A.
English: Dunamenti Erőmű Rt.
Romanian: Budapesti Erőmű S.A.
English: AES-Tisza Erőmű Kft.
Romanian: AES-Tisza Erőmű Srl.
English: Csepeli Áramtermelő Kft.
Romanian: Csepeli Áramtermelő Srl.
English: Paksi Atomerőmű Rt.
Romanian: Paksi Atomerőmű S.A.
English: Pannonpower Holding Rt.
Romanian: Pannonpower Holding S.A.
English: It established a dual model of the Hungarian electricity market which remained in force until 1 January 2008, when Act LXXXVI of 2007 on Electric Energy (‘Energy Act III’, replacing Energy Act II) entered into force. Under this dual model there was a public utility segment and a competitive segment, and eligible customers (the scope of which gradually enlarged) were allowed to switch to the competitive segment. On the public utility segment, MVM remained the only wholesaler, whereas in the free market segment other traders appeared.
Slovak: Dvojitý model maďarského trhu s elektrinou zostal v platnosti do 1. januára 2008, t. j. do nadobudnutia platnosti Zákona o elektrickej energii č. LXXXVI z roku 2007 (ďalej len „III. zákon o elektrickej energii“ (III.
English: The Commission also expressed the view that this advantage stemmed from the use of state resources, because the decision to sign the PPAs was a consequence of state policy implemented via the State-owned public utility wholesaler MVM. Under the case law of the Court of Justice of the European Communities (Court of Justice), when a State-owned company uses its funds in a way that is imputable to the State, these funds should be regarded as State resources within the meaning of Article 87(1) of the EC Treaty [42].
Slovak: Komisia ďalej vyslovila názor, že táto výhoda pochádza zo štátnych zdrojov, nakoľko uzatvorenie PPA je výsledkom štátnej politiky uzatvorenej prostredníctvom verejného veľkopredajcu MVM, ktorý je vo vlastníctve štátu.