natgillin/translations-raw huggingface dataset:
The contract price will be the price for CET Paroșeni established by ANRE on the regulated market, based on the justified costs of Termoelectrica SA; and Signature with Compania Națională a Huilei Petroșani of a long-term (approx.
Samas kirjas osutatakse selgesõnaliselt, et „kõnealuse kahe lepingu sõlmimise ja rakendamise eesmärk on müüa konkurentsipõhisel turul teatud kogus kivisöel põhinevat elektrit koos vee jõul toodetud elektriga ning pakkuda neile kahele soojusenergia tootjale lepingut, mida finantsasutused hüpoteegina aktsepteerivad, et saada pikaajalisi laene, mis on vajalikud elektritootmislubade säilitamiseks nõutavate investeeringute tegemiseks”.
10 year) contract to acquire coal.
Samamoodi taotles Hidroelectrica teise kirjaga majandus- ja kaubandusministeeriumi heakskiitu 2009. aasta hinna 230 RON/MWh säilitamiseks ajavahemikuks 1. jaanuarist 2010 kuni 31. märtsini 2010, et „saavutada tulu, mis on nõutav selleks, et jätkata kivisöel põhineva elektri tootja ja soojusenergia tootja käimasolevat restruktureerimist […]”.
For Termoelectrica SA (SE Paroșeni) and even for the Compania Națională a Huilei [14], this (…) would ensure the long-term future of the two companies located in the Jiu Valley.’
Pärast asjaomaste lepingute sõlmimist taotles Hidroelectrica lisaks sellele 2011. aasta kirjaga nr 6547 majandus- ja kaubandusministri heakskiitu 2011. aasta hindade kohandamiseks, et võimaldada Termoelectrical ja Electrocentrale Deval „saada pikaajalisi laene, mis on vajalikud elektritootmislubade säilitamiseks nõutavate investeeringute tegemiseks, ning saada tootja Compania Națională a Huilei restruktureerimiseks vajalikku tulu”.
On 27 May 2009, by note number 10855 Electrocentrale Deva, requested the following: ‘(…) In order to prevent the company from going bankrupt and to create the conditions necessary for the financing and implementation of the investments needed to continue running, we ask that you give your approval for the negotiation and conclusion of a 10-year contract between Electrocentrale Deva and Hidroelectrica București for the sale to Hidroelectrica of a quantity of electricity corresponding to an average power of 150 MW in addition to the quantity delivered on the regulated market and at a price approved by ANRE that will cover the justified production costs.’
Kõigis neis kirjades nimetatakse selgesõnaliselt, et Hidroelectica taotleb majandus- ja kaubandusministeeriumilt heakskiitu, et „volitada kolme elektritootja juhatusi allkirjastama uusi hindu puudutavaid lisandeid”.
The two Notes were approved by representatives of the Romanian Ministry of Economy and Trade, at the level of Minister and/or State Secretary.
Lisaks viidatakse kõigis hinnakohandusi puudutavates asjaomaste lepingute lisandites Hidroelectrica ettevõttesisestele kirjadele, mille on heaks kiitnud kas majandus- ja kaubandusminister või majandus- ja kaubandusministeeriumi riigisekretär (v.a põhjenduses 26 nimetatud kolm erandit) ning mille põhjal kõnealused hinnakohandused heaks kiideti [21].
The Contracts state that they were concluded on the basis of those notes.
Ajavahemikul 2009–2011 osteti asjaomaste lepingute raames elektrit järgmistes kogustes ja maksti järgmist keskmist hinda [22]:
In the contract with Termoelectrica, neither Hidroelectrica nor Termoelectrica had the possibility to terminate the contract.
Kogus (GWh)
In the contract with Electrocentrale Deva, both Hidroelectrica and Electrocentrale Deva had the possibility to terminate the contract in the following circumstances: (i) loss by the other party of its quality of producer, within five working days from the date when this quality was lost; (ii) refusal of either of the parties to conclude a new contract or to amend the existing contract, in the event of a change in the economic and technical circumstances existing at the date of its conclusion; (iii) in other cases stipulated by any applicable laws or regulations [15].
Ostuhind (RON/MWh)
The contract with Termoelectrica had the following particulars: (i) the contractual price would be established annually by the Romanian Energy Regulatory Authority (‘ANRE’) based on the costs of production justified by Termoelectrica; (ii) Hidroelectrica would buy all the electricity produced by Paroseni Plant each month [16].
Rumeenia elektriturg
From the date of its signature and until its termination by the judicial administrator, the contract was modified eight times (seven addendums consisted of price adjustments) [17].
Rumeenias kaubeldakse elektrienergiaga peamiselt kahel turul: i) reguleeritud elektriturg, kus elektriga kauplemisel võetakse aluseks reguleeritud tariifid ja tingimused, ning ii) konkurentsipõhine elektriturg, kus elektriga kaubeldakse vabalt, sh kaht põhilist liiki lepingute kaudu: suhteliselt standardsed kahepoolsed lepingud, millega kaubeldakse tsentraliseeritud turul, ning vabalt kokkulepitud kahepoolsed lepingud, nn otselepingute turg.
The contract with Electrocentrale Deva had the following particulars: (i) the contractual price would be established by ANRE based on the costs of production justified by Electocentrale Deva; (ii) if ANRE no longer regulated electricity prices, the price was to be negotiated by the parties and was not to be lower than the contractual price in the previous year; (iii) the contractual parties would not charge any penalty or any other charge in the event if the seller failed to supply the contractual quantity of electricity or the buyer failed to pay the contractual price [18].
Reguleeritud elektriturg
From the date of its signature and until its termination by the judicial administrator, the contract was modified five times [19] (all changes consisted of price adjustments).
Reguleeritud elektriturul tehakse tehinguid müügi-ostu raamlepingute kaudu, mille sõlmivad reguleeritud turul tegutsevad elektritootjad, sh Hidroelectrica, ja viimasena vastutavad tarnijad, kes tagavad elektri tarnimise lõppkasutajale.
Despite clear provisions in both Contracts, according to which the contractual price was to be established by ANRE, as a rule, in practice the price adjustments were made upon prior approval of the Ministry of Economy and Trade, with three exceptions [20].
Vabatarbijad ostavad elektrit reguleeritud tariifidega.
For instance, through note (date illegible), Hidroelectrica sought approval from the Ministry of the Economy and Trade for the adjustment of the prices for the period 1 August 2009 — 31 December 2009, due to ‘increases of the production costs’.
Reguleeritud turul määrab ANRE eelnevalt igaks aastaks kindlaks elektritootjate tarnitava elektri hinna ja koguse.
In the same note, it is clearly mentioned that the ‘purpose of the conclusion and the performance of the two contracts is to sell in the competitive market an amount of hard coal based electricity mixed with hydropower, and also to provide the two thermal power producers with a contract accepted by the financial institutions as a mortgage, in order to obtain long-term loans necessary to make the investments required to maintain the electricity generation licences’.
Aastateks 2009–2010, kui kõnealuseid lepinguid hakati rakendama, kaubeldi 56–61 % Rumeenias tarbitava elektriga reguleeritud turul.
Similarly, through another note, Hidroelectrica sought approval from the Ministry of the Economy and Trade in order to maintain the 2009 price 230 Ron/MWh for the period from 1 January 2010 until 31 March 2010 in order ‘to obtain the revenue required to continue the on-going restructuring of the producer of hard coal for electricity generation and the producer of thermal power (…)’.
Konkurentsipõhine elektriturg
Moreover, after conclusion of the Contracts, through note number 6547 of 2011, Hidroelectrica sought approval from the Minister of the Economy and Trade to adjust the prices for year 2011 in order to allow Termoelectrica and Electrocentrale Deva: ‘to obtain long-term loans necessary to make the investments required to maintain electricity generation licences and also to obtain the revenues needed for the restructuring of the producer Compania Nationala a Huilei’.
Alates 2005. aastast jaguneb Rumeenia konkurentsipõhine elektriturg viieks spetsiifiliseks turuks: i) OPCOMi hallatavad tsentraliseeritud turud; ii) otselepingute turg; iii) kõrvalteenuste turg; iv) reguleerimisturg ja v) eksporditurg.
All those notes also clearly state that Hidroelectica was seeking approval from the Ministry of Economy and Trade ‘to authorise the executive management of the three electricity producers to sign the addendums concerning the new prices’.
Tsentraliseeritud turge haldab OPCOM.
In addition, all addendums to the Contracts relating to price adjustments refer to internal notes issued by Hidroelectrica and approved either by the Minister of the Economy and Trade or by the State Secretary in the Ministry of Economy and Trade with the three exceptions mentioned in recital 26, based on which such price adjustments were approved [21].
OPCOM loodi 2001. aastal valitsuse otsusega nr 627/2000 piiratud vastutusega äriühinguna ja 100 % ulatuses edastusvõrgu käitaja Transelectrica omanduses oleva tütarettevõtjana.
The quantities of electricity purchased and average prices paid under the Contracts between 2009 and 2011 are as follows [22]:
ANRE antud loa alusel kavandati OPCOM elektrienergia hulgikaubanduse platvormiks Rumeenias.
Quantity (GWH)
OPCOM on ainus elektribörs Rumeenias, toimides paigana, kus elektriga kaubeldakse, ning täites vahendaja rolli.
Purchase price (RON/MWh)
OPCOMis on viis turulõiku: i) järgmise päeva turg; ii) päevasisene turg; [23] iii) tsentraliseeritud kahepoolsed turud ehk avaliku enampakkumise teel sõlmitud kahepoolsete lepingute tsentraliseeritud turg OPCOM-PCCB ja pidevate läbirääkimiste teel sõlmitavate kahepoolsete lepingute tsentraliseeritud turg CMBC-CN; iv) roheliste sertifikaatide tsentraliseeritud turg ja v) kasvuhoonegaaside saastekvootide sertifikaatidega kauplemise platvorm.
The Romanian electricity market
OPCOMi tehingutega alustati alles 2005. aastal ning ainult järgmise päeva turu ja OPCOM-PCCB turulõikudes.
Electricity trading in Romania mainly takes place on two markets: (i) the Regulated Electricity Market on which electricity is traded based on regulated tariffs and conditions; and (ii) the Competitive Electricity Market on which electricity is traded freely, including through two main types of contracts: relatively standard bilateral contracts traded on the centralised market and freely negotiated bilateral contracts, the so-called market for directly negotiated contracts.
Asjaomased lepingud sõlmiti Rumeenia otselepingute turul, mis on käesoleva juhtumi puhul käsitletav turulõik.
The Regulated Electricity Market
OPCOM-PCCB turulõigus korraldab OPCOM avalikke enampakkumisi elektri müügiks ja ostuks.
The transactions on the Regulated Electricity Market are implemented through sale-purchase framework agreements concluded between the electricity generators/producers active on the regulated market, including Hidroelectrica, and the ‘suppliers of last resort’, which ensure distribution of electricity to the end-user.
Iga tootja/tarnija/tarbija müügi- või ostupakkumised esitatakse turukorraldajale.
The eligible customers buy electricity at regulated tariffs.
Igas pakkumises tuleb täpsustada järgmist: i) kas miinimumhind, millega pool müüb elektrit, või maksimumhind, millega ta ostab elektrit, ning ii) raamkokkulepe, mille raames pakkumise teinud pool kavatseb elektrit tarnida/osta.
On the regulated market, ANRE sets the prices and volumes to be delivered by the electricity generators/producers ex ante every year.
Müügi- ja ostupakkumistes täpsustatakse tarnetingimused, sealhulgas elektri kogus, tarne kestus (minimaalselt üks kuu ja maksimaalselt üks aasta) ning kavandatud raamkokkulepe.
The Competitive Electricity Market
Aastateks 2009 ja 2010, kui asjaomaseid lepinguid hakati rakendama, müüdi OPCOM-PCCB turul vähem kui 7 % Rumeenias toodetavast elektrist.
Since 2005, the Competitive Electricity Market in Romania has been divided into five specific markets: (i) the centralised markets administrated by OPCOM; (ii) the market for directly negotiated contracts; (iii) the ancillary services market; (iv) the balancing market; and (v) the export market.
Pärast menetluse algatamise otsuse avaldamist võttis komisjon vastavalt ELi toimimise lepingu artiklile 102 vastu otsuse, milles leidis, et OPCOMi hallatav energiabörs moodustab asjakohase teenuseturu, millel OPCOMil on valitsev seisund ning mis on otselepingute turust eraldiseisev [24].
The centralised markets are administrated by OPCOM.
Otselepingute turg
OPCOM was set up in 2001 pursuant to Government Decision No 627/2000, as a joint stock company and 100 % owned subsidiary of Transelectrica, the transmission system operator.
Otselepingute turg on vaba turg, mida ANRE ei reguleeri.
By virtue of the licence granted by ANRE, OPCOM was designated as platform for trading of electricity in Romania at wholesale level.
Lepinguosalised peavad kahepoolseid läbirääkimisi koguste, hindade ja muude lepingupunktide üle.
OPCOM is the only power exchange in Romania, providing a venue for trade of electricity and having a facilitator role.
See annab lepinguosalistele müügilepingute tingimuste läbirääkimistel suure paindlikkuse.
There are five types of market segments on OPCOM: (i) the day-ahead market; (ii) intra-day market [23], (iii) centralised bilateral markets that is to say, centralised market for bilateral contracts through public auction ‘OPCOM-PCCB’ and centralised market for bilateral contracts through continuous negotiation — CMBC-CN; (iv) the centralised market for green certificates; and (v) the trading platform for greenhouse gases emissions certificates.
Lepingutingimused on konfidentsiaalsed.
Transactions on OPCOM started only in 2005 and only on the day-ahead and OPCOM-PCCB market segments.
Asjaomaste lepingutega samaaegselt kehtivate otselepingute lühikirjeldus
The Contracts were concluded on the market for directly negotiated contracts in Romania, which is the market segment relevant for the assessment in this case.
Komisjon taotles 21. veebruari 2014. aasta kirjaga Rumeenia ametiasutustelt teavet Rumeenia turul sõlmitud kahepoolsete lepingute kohta (mis ei ole asjaomased lepingud), mille kestus ja tarnitav elektrikogus on võrreldavad.
OPCOM-PCCB
Komisjoni taotlus hõlmas kõiki, nii riigi kui ka eraomandis olevaid Rumeenia elektrienergiaettevõtjaid.
On the OPCOM-PCCB market segment, OPCOM organises public auctions for the sale and purchase of electricity.
14. mail 2014 esitasid Rumeenia ametiasutused nõutud olulised üksikasjad kõigi lepingute kohta, mille olid allkirjastanud elektriostjad, kelle aastane elektritarbimine ületas aastatel 2009–2011 igal aastal 150 GWh [25].
Sale/purchase offers by each producer/supplier/consumer are submitted to the market operator.
Rumeenia ametiasutused rõhutasid, et komisjoni nõutud ad hoc andmekogum hõlmas kõiki lepinguid, mis sõlmiti jaeturul asjaomasel ajavahemikul ja konkurentsitingimustel ning mille sõlmisid muud tarbijad kui kodumajapidamised.
Each offer must specify the following: (i) either the minimum price at which the party will sell electricity or the maximum price at which it will buy electricity; and (ii) the framework agreement under which the party making the offer is planning to supply/purchase electricity.
Rumeenia ametiasutuste esitatud andmetes on ära toodud vabaturul elektrienergia jaemüügi puhul makstud kõrgeimad hinnad aastatel 2009–2011: 2009. aastal 266,5 RON/MWh; 2010. aastal 229,96 RON/MWh ja 2011. aastal 232,33 RON/MWh.
Sale and purchase offers specify supply conditions including the amount of electricity, duration (minimum one month and up to one year), as well as envisaged framework agreement.
Iga selline leping puudutas eraldi vaadatuna siiski väiksemaid koguseid kui iga käesolevas otsuses käsitletav asjaomane leping.
The price follows the principle of the best responding offer price.
Muude tarnijate kui Termoelectrica ja Electrocentrale Deva sõlmitud lepinguid puudutava teabe uurimisel selgus, et 2009. aastal, kui käesolevas otsuses käsitletavaid asjaomaseid lepinguid hakati rakendama, ei sõlminud ükski teine tarnija tarnelepingut, mis sarnaneks piisavalt asjaomase kahe lepinguga nii koguse (ligikaudu 900 GWh ja 500 GWh) kui ka kestuse (10 aastat) poolest.
By 2009 and 2010, when the Contracts started to be implemented, sales on the OPCOM-PCCB market amounted to less than 7 % of electricity produced in Romania.
Mõttekas võrdlus asjaomaste lepingutega on võimalik ainult siis, kui teised lepingud hõlmavad sama kogust, on sama kestusega ja/või jõustuvad samal ajal.
After publication of the Opening Decision, the Commission adopted a Decision pursuant to Article 102 of the Treaty finding that the power exchange managed by OPCOM constitutes a relevant service market, on which OPCOM is a dominant player, separate from the directly negotiated contracts market [24].
Kuna selliseid täielikult võrreldavaid lepinguid ei olnud, on vajalik lepingute erinevusi arvestav ökonomeetriline analüüs, mille aluspõhimõtted ja tulemused on esitatud põhjendustes 77–80 ja lisas.
The market for directly negotiated contracts is a free market which is not regulated by ANRE.
Ajavahemikul 2009–2011 müüs Hidroelectrica ka ligi 60 % oma toodetud elektrist teistele eraostjatele pikaajaliste hulgi- ja jaemüügilepingute kaudu, mida komisjon uurib [26].
Contracting parties negotiate quantities, prices and other contractual clauses bilaterally.
Nende lepingute kohased Hidroelectrica müügihinnad olid enam kui 40 % madalamad kui hulgiostuhinnad, mida Hidroelectrica Termoelectricale ja Electrocentrale Devale keskmiselt maksis.
This provides the parties with a high degree of flexibility in negotiating the terms and conditions of the sale contracts.
Näiteks oli selliste lepingute kohaselt kõrgeim elektri müügihind 2009. aastal 159,8 RON/MWh ja 2010. aastal 168 RON/MWh.
The terms and conditions of contracts are confidential.
Hidroelectrica sõlmis väiksemaid koguseid hõlmavaid elektrimüügilepinguid ka teiste lepinguosalistega [27].
Short description of the directly negotiated contracts contemporaneous with the Contracts
Selliste jaemüügilepingute kohane kõrgeim müügihind asjaomasel ajavahemikul oli 2009. aastal 185 RON/MWh, 2010. aastal 190 RON/MWh ja 2011. aastal 160 RON/MWh ehk keskmiselt ligikaudu 13 % madalamad kui hulgiostuhinnad, mida Hidroelectrica Termoelectricale ja Electrocentrale Devale maksis.
By letter dated 21 February 2014, the Commission requested the Romanian Authorities to provide it with information about bi-laterally negotiated contracts concluded on the Romanian market, other than the Contracts, with comparable durations and quantities of electricity supply.
Asjaolud pärast 2011. aastat ning Termoelectrica, Electrocentrale Deva, Electrocentrale Paroșeni ja CEH vahelised seosed
The Commission's request covered all Romanian electricity suppliers, whether State or privately owned.
Electrocentrale Paroșeni tarnis Hidroelectricale elektrit 2011. aasta septembris ja oktoobris, ehkki kogused olid väga väikesed.
On 14 May 2014, the Romanian Authorities provided the requested key elements of all contracts signed by electricity buyers with an annual electricity consumption of more than 150 GWh for each of the years from 2009 to 2011 [25].
Asjaomaste lepingute raames toimuva tarne lõppkuupäeval oli Termoelectrica ikka veel nii Electrocentrale Deva kui ka Electrocentrale Paroșeni ainus aktsionär.
The Romanian Authorities underlined that all the contracts concluded on the retail market under competitive conditions by non-household consumers in the relevant period of time were subject to the ad-hoc data collection requested by the Commission.
Erakorralise määrusega nr 84/2011 [29] rakendati Termoelectrica ja riigi vahel võla kapitaliseerimist.
In particular, 75 sets of annual data from contracts in force for one or more years during the period 2009-2011 of relevance for this case were submitted by the Romanian Authorities.
Seega kandis Termoelectrica oma aktsiad eri ettevõtetes (Electrocentrale Deva, Electrocentrale Paroșeni ja Electrocentrale București) üle riigile, et maksta oma võlad riigile.
The Commission understands that the Romanian Authorities submitted the relevant data regarding all the contracts fulfilling the criteria required by the Commission (comparable durations and quantities) for the relevant period 2009-2011.
Osaluse võõrandamine toimus sõltumatu hindaja koostatud hinnangute alusel.
The Contracts accounted for approximately 17 % of the total volume of electricity subject to directly negotiated contracts concluded during the period 2009-2011 and provided by Romania.
1. augustil 2013 võttis CEH üle ka Societatea Națională a Huilei, riigi omandis olevate ning Termoelectricale ja Electrocentrale Devale kivisütt tarnivate kaevanduste Compania Națională a Huilei eraldunud üksuse.
However, each of those contracts taken on its own amounted to lower quantities than each of the Contracts.
Termoelectrica ja Electrocentrale Devaga seotud areng pärast 2011. aastat ning mitmed omavahelised seosed, mida on selgitatud põhjendustes 48–52, on selguse huvides näitlikustatud järgmisel joonisel:
An examination of the information regarding the contracts entered into by suppliers other than Termoelectrica and Electrocentrale Deva shows that, in 2009, when the Contracts started to be implemented, no other supplier concluded a supply contract which was sufficiently similar to these two Contracts as regards to quantities (approximately 900 GWh and 500 GWh, each) and duration (10 years).
Pikaajalised kivisöe tarnelepingud
A totally meaningful comparison with the Contracts is only possible for other contracts for the same quantities, duration and/or date of entry into force.
Termoelectrica, Electrocentrale Deva, Electrocentrale Paroșeni ja CEH vahelised suhted August 2012 ühinemine CEHga 2012
Since no such fully comparable contracts existed, an econometric analysis accounting for contract differences is required, the rationale and results of which are portrayed in recitals 77-80 and the Annex.
Eraldumine kolmest konkurentsivõimeli-sest kaevandusest koosnevast ettevõttest CHN
Hidroelectrica contracts for sale of electricity
Electrocentrale Deva eraldus Termoelectricast (koos teiste jõujaamadega) 2001. aasta lõpus
The selling prices of Hidroelectrica in those contracts were more than 40 % lower than the wholesale purchase prices paid by Hidroelectrica to Termoelectrica and Electrocentrale Deva on average.
Electrocentrale Paroșeni müüs kallist elektrit Hidroelectricale ainult septembris-oktoobris 2011
By way of illustration, the highest selling price for electricity under such contracts was 159,8 RON/MWh in 2009 and 168 RON/MWh in 2010.
Compania Nationala a Huilei (CNH) – 4 konkurentsivõimetut kaevandust
The highest selling price for electricity under such retail contracts for the relevant period was 185 RON/MWh in 2009, 190 RON/MWh in 2010 and 160 RON/MWh in 2011, that is, around 13 % lower on average than the wholesale purchase prices paid by Hidroelectrica to Termoelectrica and Electrocentrale Deva.
2011 – eraldumine Termoelectricast
Developments after 2011 and interlinks between Termoelectrica, Electrocentrale Deva, Electrocentrale Paroseni and CEH
ALUS AMETLIKU UURIMISMENETLUSE ALGATAMISEKS
Termoelectrica's Paroseni Plant, which actually supplied the quantity of electricity purchased under the Contract with Termoelectrica, became a separate entity and was incorporated with the Romanian Trade Registry under the name Electrocentrale Paroseni, on 11 July 2011 [28].
Menetluse algatamise otsuses väljendas komisjon kahtlust, kas elektri ostuhinnad asjaomaste lepingute raames vastasid turutingimustele ning kas nad kujutasid endast riigiabi.
On 22 September 2011, Electrocentrale Paroseni took over all the rights and obligations of Termoelectrica under its Contract with Hidroelectrica.
Juhul kui tegemist oli riigiabiga, väljendab komisjon kahtlust, kas selline abi on aluslepinguga kokkusobiv.