natgillin/translations-raw huggingface dataset:
In the present case, since residential customers will become eligible in July 2007, i.e. only 18 months after the adoption of the present decision, the Commission considers that the main anticompetitive effects resulting from the merger will occur as from that date.
Komisija meni, da bo v tem primeru glavni protikonkurenčni učinek zaradi združitve čutiti julija 2007, tj. samo 18 mesecev po sprejetju sedanje odločbe, ko bodo gospodinjstva postala upravičeni odjemalci.
In addition to these future anticompetitive effects, the merger is also likely to produce immediate effects by (i) weakening rival retailers on the neighbouring and closely related market for the supply of gas to small industrial and commercial customers (which are likely entrants on the residential customer market); and (ii) discouraging potential new entrants to prepare their entry on the market (as market entry needs to be prepared well in advance).
Ob prihodnjih protikonkurenčnih učinkih bo imela združitev verjetno tudi takojšnji učinek zaradi (i) oslabitve konkurenčnih maloprodajnih trgovcev na sosednjem in tesno povezanem trgu za dobavo plina malim industrijskim in komercialnim odjemalcem (ki so morebitni konkurenti na trgu za gospodinjstva); in (ii) odvrnitve morebitnih novih konkurentov, da se pripravijo za vstop na trg (ker mora biti vstop na trg pripravljen precej vnaprej).
The new entity will acquire a dominant position in the supply of gas to large industrial customers
Novi pravni subjekt bo osvojil prevladujoč položaj v dobavi plina velikim industrijskim odjemalcem.
MOL WMT and RDCs have only been indirect competitors on the market for gas supply to large industrial customers as, on the regulated segment of the market, MOL WMT can only supply customers directly connected to the transmission network.
Družba MOL WMT in RDD-ji so bili na trgu za dobavo plina velikim industrijskim odjemalcem le posredni konkurenti, saj lahko na urejenem segmentu trga družba MOL WMT dobavlja samo odjemalcem, neposredno povezanim s prenosnim omrežjem.
In addition, RDCs are obliged to source their gas from MOL WMT.
Poleg tega morajo RDD-ji dobavljati plin od družbe MOL WMT.
So far few customers have been able to obtain better offers on the open segment of the market from traders such as EMFESZ because regulated prices have remained quite low.
Do zdaj je na odprtem segmentu trga le malo odjemalcem, kot je EMFESZ, uspelo dobiti boljše ponudbe trgovcev, saj so cene, urejene s predpisi, ostajale precej nizke.
As of July 2007, the hybrid model and regulated prices will disappear for large industrial customers.
Od julija 2007 bodo hibridni model in s predpisi urejene cene za velike industrijske odjemalce odpravljeni.
Although MOL WMT, as a gas trader, would have been able to gain more large industrial customers connected to distribution networks, the merger results in the addition of MOL WMT’s and E.ON’s significant customer portfolios (for E.ON, through its controlled RDCs (KÖGÁZ, DDGÁZ) and, arguably, of FŐGÁZ, about which it has privileged information), to the new entity will therefore immediately gain access to a significant customer base (a combined market share of around [40-50 %] as opposed to its current competitor EMFESZ and to potential entrants.
Čeprav bi lahko družba MOL WMT, kot trgovec s plinom, pridobila več velikih industrijskih odjemalcev, povezanih v distribucijska omrežja, je izid združitve pridobitev znatnih portfeljev odjemalcev družb MOL WMT in E.ON (za družbo E.ON preko njegovih odvisnih RDD-jev (KÖGÁZ, DDGÁZ)) in morda družbe FŐGÁZ, o kateri ima posebne podatke). Novi pravni subjekt bi torej takoj pridobil dostop do široke baze odjemalcev (skupni tržni delež bi znašal približno [40–50 %]) v primerjavi z njegovim sedanjim konkurentom EMFESZ in morebitnimi konkurenti.
For these reasons the Commission takes the view that the merger will significantly impede competition on the market for gas supply to large industrial customers through the creation of a dominant position.
Zato zavzema Komisija stališče, da bo združitev zaradi oblikovanja prevladujočega položaja bistveno ovirala konkurenčnost na trgu za dobavo plina velikim industrijskim odjemalcem.
Storage of gas
Skladiščenje plina
MOL Storage is the only company able to offer gas storage services in Hungary.
MOL Storage je edina družba, ki lahko na Madžarskem ponudi skladiščenje plina.
Access to storage is essential for any gas supplier to be active on the gas wholesale and retail markets, essentially in order to manage the seasonal fluctuations in the demand of its customers.
Dostop do skladišča je bistven za vsakega dobavitelja plina, da lahko dejavno sodeluje na veleprodajnih in maloprodajnih trgih s plinom, v glavnem zato, da bi obvladal sezonska nihanja v povpraševanju svojih odjemalcev.
The Commission believes that as a result of the merger, the new entity will have the ability and incentive to reinforce its gas input foreclosure strategy by adopting discriminatory behaviour in granting access to storage, even in a scenario of fully regulated prices for storage services (as required under the resolution of the Hungarian Energy Office approving the transaction).
Komisija je prepričana, da bo imel po združitvi novi pravni subjekt možnost in interes, da bo z diskriminatornim vedenjem pri odobritvi dostopa do skladišč okrepil svojo strategijo preprečevanja pridobivanja plina, čeprav bodo cene za storitve skladiščenja dokončno urejene s predpisi (kot je zahtevano z resolucijo madžarskega urada za energetiko, ki transakcijo odobrava).
The new entity may also control the development of new storage capacities in Hungary in view of (i) MOL Storage’s call option to purchase depleted fields from MOL E & P; and (ii) MOL’s incentive to favour MOL Storage in selling depleted fields of MOL E & P due to its remaining 25 % shareholding in MOL Storage.
Novi pravni subjekt lahko nadzira tudi razvoj novih skladiščnih sposobnosti na Madžarskem glede na (i) nakupno opcijo družbe MOL Storage, da od družbe MOL E & P kupi izčrpana nahajališča; in (ii) interes družbe MOL, da pri prodaji zapuščenih nahajališč MOL E & P zaradi njenega preostalega 25 % lastniškega deleža v družbi MOL Storage daje prednost družbi MOL Storage.
Transmission of gas
Prenos plina
MOL Transmission owns and manages the high pressure grid in Hungary.
Družba MOL Transmission je lastnik in upravnik visokotlačnega omrežja na Madžarskem.
The 25 %+1 minority shareholding that MOL would retain in MOL WMT gives MOL Transmission an incentive to reinforce the gas input foreclosure strategy to the detriment of E.ON’s competitors downstream through discriminatory behaviour in granting access to the transmission network.
Manjšinski delež 25 % + 1 delnica, ki bi ga družba MOL ohranila v družbi MOL WMT, bi spodbujal družbo MOL Transmission, da z diskriminatornim vedenjem pri dodelitvi dostopa do prenosnega omrežja okrepi strategijo preprečevanja pridobivanja plina v škodo konkurentov družbe E.ON na trgih na koncu prodajne verige.
ELECTRICITY MARKETS
TRGI Z ELEKTRIČNO ENERGIJO
The Commission’s market investigation has also identified competition concerns on various electricity markets, resulting from the vertical integration of MOL WMT’s activities in the upstream market of gas supply to large power plants with E.ON’s activities in the downstream markets of electricity generation/wholesale and electricity retail.
Tržna raziskava Komisije je pokazala tudi zaskrbljenost zaradi konkurenčnosti na različnih trgih z električno energijo, ki je posledica vertikalne integracije dejavnosti družbe MOL WMT na trgu na začetku prodajne verige za dobavo plina velikim elektrarnam z dejavnostmi družbe E.ON na trgih na koncu prodajne verige za proizvodnjo električne energije/veleprodajo in maloprodajo električne energije.
Whereas MOL is not active in the electricity markets, E.ON has made significant investment in the electricity sector in Hungary since 1995.
Medtem ko družba MOL ni dejavna na trgih z električno energijo, je družba E.ON od leta 1995 zelo veliko investirala v električni sektor na Madžarskem.
The group is currently active at the generation level with a small size gas-fired power plant in Debrecen (95 MW), and at the wholesale and retail supply level with ownership of three out of the six electricity RDCs and the electricity trading company E.ON EK.
Skupina je trenutno dejavna na ravni proizvodnje z majhno plinsko elektrarno v Debrecenu (95 MW) ter na ravni veleprodajne in maloprodajne dobave z lastništvom treh od šestih RDD-jev in družbe za trgovanje z električno energijo E.ON EK.
In addition, E.ON controls various companies involved in electricity retail supply in neighbouring countries.
Ob tem družba E.ON nadzira različna podjetja, ki se ukvarjajo z maloprodajno dobavo električne energije v sosednjih državah.
Prior to the transaction, MOL WMT is already dominant in the market for the supply of gas to large power plants.
Pred izvedbo transakcije družba MOL WMT že prevladuje na trgu za dobavo plina velikim elektrarnam.
The fundamental change brought about by the transaction is that the new entity not only has the ability but is now also likely to have the incentive to exploit its position as gatekeeper of gas resources in Hungary to foreclose its actual and potential competitors on the downstream electricity markets of wholesale supply of electricity to traders, retail supply of electricity to medium and large industrial and commercial customers, retail supply of electricity to small industrial and commercial customers, and retail supply of electricity to residential customers.
Bistvena sprememba, ki jo je povzročila transakcija, je, da ima novi pravni subjekt zdaj ne samo možnost, ampak tudi interes, da izkoristi svoj položaj nadzornika plinskih virov na Madžarskem z namenom izključiti svoje sedanje in morebitne konkurente na trgih z električno energijo za dobavo električne energije na debelo trgovcem na koncu prodajne verige, za dobavo električne energije na drobno srednje velikim in velikim industrijskim in komercialnim odjemalcem, dobavo električne energije na drobno malim industrijskim in komercialnim odjemalcem ter dobavo električne energije na drobno gospodinjstvom.
Electricity generation/wholesale
Proizvodnja električne energije/veleprodaja
Total generation capacity in Hungary is approximately 8000 MW in 2005, to be compared with the country’s peak load of 6350 MW (in 2004).
Skupna proizvodna zmogljivost na Madžarskem obsega približno 8000 MW v letu 2005 v primerjavi z največjo državno porabo 6350 MW (v letu 2004).
The Hungarian electricity generation is split between nuclear energy (1800 MW installed capacity) and lignite, gas and coal power plants (5700 MW installed capacity).
Madžarska proizvodnja električne energije se deli na jedrsko energijo (1800 MW obstoječe zmogljivosti) ter elektrarne na lignit, plin in premog (5700 MW obstoječe zmogljivosti).
Almost 40 % of electricity consumed in Hungary is generated by the Paksi nuclear power plant, the remaining 60 % is mainly generated by power plants burning hydrocarbons (lignite, gas and coal) and by imports.
Skoraj 40 % električne energije, porabljene na Madžarskem, proizvede jedrska elektrarna Paksi, preostalih 60 % večinoma pokrivajo elektrarne, v katerih kurijo ogljikovodike (lignit, plin in premog), ali uvoz.
The major part of the large power plants’ capacity is booked under long-term power purchase agreements (‘PPAs’) with MVM, the Hungarian electricity incumbent and public utility wholesaler.
Večji del zmogljivosti velikih elektrarn je rezerviran z dolgoročnimi pogodbami o nabavi energije (PPA) z družbo MVM, madžarskim pristojnim nosilcem za električno energijo in trgovcem za javno oskrbo na debelo.
The market investigation has established that the total capacity booked under PPAs amounted to 4000-5000 MW in 2005.
Tržna raziskava je ugotovila, da je celotna zmogljivost, rezervirana s PPA, v letu 2005 dosegla 4000–5000 MW.
It is estimated that significant new electricity generation capacity (5000 MW or 60 % of current installed capacity) will be needed in Hungary by 2020 to replace old power plants (3500 MW) and to satisfy the increase in demand.
Ocenjuje se, da bodo na Madžarskem do leta 2020 potrebovali veliko novih zmogljivosti za proizvodnjo električne energije (5000 MW ali 60 % sedaj obstoječe zmogljivosti), da bodo nadomestili stare elektrarne (3500 MW) in zadostili povečanim potrebam.
Accordingly, Hungarian electricity generation capacity should increase from 8000 MW to approximately 10500 MW.
V skladu s tem bi morala madžarska električna proizvodna zmogljivost narasti z 8000 MW na približno 10500 MW.
The Commission’s market investigation on existing new power plants projects in Hungary has established that gas will be the predominant fuel for new power plants.
Tržna raziskava Komisije o obstoječih novih načrtih elektrarn na Madžarskem je pokazala, da bo plin prevladujoče gorivo za nove elektrarne.
The Hungarian energy regulator considers that gas-fired power plants could reach approximately 60 % of new generation capacity.
Madžarski zakonodajalec za energetiko meni, da bi plinske elektrarne lahko dosegle približno 60 % novih proizvodnih zmogljivosti.
Electricity imports into Hungary are essentially made by electricity traders for transit or to supply medium and large customers.
Električno energijo na Madžarsko v glavnem uvažajo trgovci z električno energijo za tranzit ali za oskrbo srednje velikih in velikih odjemalcev.
MVM, the public utility wholesaler, accounted for [30-40 %] of electricity imports in 2003.
Družba MVM, trgovec na debelo za javno oskrbo, je v letu 2003 pokrila [30–40 %] uvoza električne energije.
was the second largest importer, ahead of other electricity traders, with [10-20 %] of imports.
Družba E.ON je bila drugi največji uvoznik, pred ostalimi trgovci z električno energijo z [10–20 %] uvoza.
According to a 2005 study of MAVIR, the electricity transmission operator, Hungarian electricity imports are expected to decline over the next 10 years, while the total electricity demand will continue to increase in Hungary.
Na podlagi študije, ki jo je v letu 2005 izvedel MAVIR, izvajalec prenosa električne energije, se pričakuje, da bo v naslednjih desetih letih madžarski uvoz elektrike upadel, medtem ko se bodo celotne potrebe po električni energiji na Madžarskem še naprej povečevale.
The share of electricity imports in the total electricity demand would therefore decline while the share of domestic production would increase.
Delež uvoza električne energije v celotnem povpraševanju po električni energiji bi se torej zmanjšal, medtem ko bi se delež domače proizvodnje povečal.
Prior to the transaction, MOL WMT already has a dominant position in the market for the supply of gas to large power plants.
Družba MOL WMT ima že pred transakcijo prevladujoč položaj na trgu za dobavo plina velikim elektrarnam.
Following the transaction, the new entity will thus have the ability to determine its competitors’ power plants gas supply conditions (prices, rules for nomination, take-or-pay penalties, interruptibility, etc.) and to discriminate against rival power generators in several ways.
Po transakciji bo imel novi pravni subjekt tako možnost, da bo določil pogoje za dobavo plina konkurenčnim elektrarnam (cene, pravila kandidiranja, kazni „vzemi ali plačaj“, prekinljivost itd.) in diskriminiral konkurenčne proizvajalce energije na različne načine.
The Commission’s investigation has shown that, immediately after the transaction, E.ON is likely to pursue two strategies to strengthen its position in both electricity generation/wholesale supply and electricity retail supply in Hungary.
Raziskava Komisije je pokazala, da bo družba E.ON takoj po transakciji za okrepitev svojega položaja v proizvodnji električne energije/veleprodajni in maloprodajni oskrbi z električno energijo na Madžarskem verjetno izbrala dve strategiji.
As regards new power plants, E.ON is likely to increase the cost of gas to its competitors’ new gas-fired power plants, with the aim to deter these rivals from building new gas-fired power plants and to favour its own new power plants projects.
V zvezi z novimi elektrarnami bi lahko družba E.ON povečala ceno plina za nove konkurenčne plinske elektrarne, zato da bi odvrnila te kokurente od gradnje novih plinskih elektrarn in dala prednost svojim načrtom za nove elektrarne.
This strategy would be attractive for E.ON in view of its strong interest in expanding significantly its power generation capacity in Hungary.
Ta strategija bi bila za družbo E.ON privlačna zaradi njenega velikega zanimanja za obširno razširitev energetske proizvodne zmogljivosti na Madžarskem.
may also discriminate against new gas-fired power plants that do not supply its downstream electricity retail affiliates.
Družba E.ON bi lahko tudi diskriminirala nove plinske elektrarne, ki ne oskrbujejo odvisnih podjetij za prodajo električne energije na koncu prodajne verige.
This strategy would be economically rational as it would provide E.ON with a certain degree of control over the electricity generation/wholesale market and additional competitive advantage on the electricity retail market.
Ta strategija bi bila gospodarsko ekonomična, saj bi družbi E.ON omogočila določeno stopnjo nadzora nad proizvodnjo električne energije/veleprodajno trgovino in dodatno konkurenčno prednost na maloprodajnem trgu z električno energijo.
As regards existing power plants, the new entity is likely to implement the same foreclosure strategies with the objective of limiting their ability to compete on the open segment of the generation/wholesale market and to eventually induce them to exit the market.
Glede obstoječih elektrarn bi lahko novi pravni subjekt izvajal enake strategije izključitve, da bi omejil njihovo sposobnost konkuriranja na odprtem segmentu proizvodnega/veleprodajnega trga in jih sčasoma spodbudil, naj zapustijo trg.
Several market players have expressed the concern that E.ON would then seek to acquire their assets.
Veliko udeležencev na trgu je izrazilo pomisleke, da bi družba E.ON nato poskušala pridobiti njihovo premoženje.
In the future liberalized regulatory framework characterized by greater power generation capacity available on the open segment of the market (and by E.ON’s larger share in power generation), the foreclosure strategies described above will be even more effective and therefore damaging.
V prihodnosti bo liberalizirani regulativni okvir, za katerega je značilna večja energetska proizvodna zmogljivost, na voljo na odprtem segmentu trga (in večji delež družbe E.ON pri proizvodnji energije), navedene strategije izključitve bodo še bolj učinkovite in zato škodljive.
They would reduce the ability of rival gas-fired power plants to compete and limit the scope for the development of the competitive electricity wholesale market.
Zmanjšale bodo sposobnost konkurenčnih plinskih elektrarn, da bi konkurirale in omejile področje za razvoj konkurenčnega veleprodajnega trga z električno energijo.
E.ON’s strategy would lead to a slower and less competitive development of new generation capacity in Hungary starting immediately after the transaction (compared to a situation where new power plants would be built by distinct market players) and ultimately to higher electricity wholesale prices.
Strategija družbe E.ON bi takoj po transakciji povzročila počasnejši in manj konkurenčen razvoj nove proizvodne zmogljivosti na Madžarskem (v primerjavi s položajem, v katerem bi nove elektrarne zgradili posebni udeleženci na trgu) in sčasoma višje veleprodajne cene elektrike.
It would thus impede effective competition on the market for generation/wholesale supply of electricity to traders.
Tako bi ovirala učinkovito konkurenčnost na trgu za proizvodnjo električne energije/dobavo električne energije na debelo trgovcem.
Electricity retail
Maloprodajna oskrba z električno energijo
is clearly the leading player in the retail supply of electricity in Hungary.
Družba E.ON je nedvomno vodilni udeleženec v maloprodajni oskrbi z električno energijo na Madžarskem.
It is the only group with strong positions in both the regulated segment (with three out of six RDCs) and the open segment (E.ON EK is one of the three largest electricity traders in Hungary), with a market share around [40-50 %].
Je edina skupina z močnimi položaji v urejenem (s 3 od 6 RDD-jev) in odprtem segmentu (družba E.ON EK je s tržnim deležem okrog [40–50 %] eden največjih trgovcev z električno energijo na Madžarskem).
E.ON’s strategy on the electricity generation/wholesale market would significantly impede competition on all the markets for the retail supply of electricity.
Strategija družbe E.ON na trgu proizvodnje električne energije/veleprodajnem trgu bi močno ovirala konkurenčnost na vseh trgih za maloprodajno oskrbo z elektriko.
This impact would first result of the non-competitive development in new generation capacity and higher wholesale prices.
Ta vpliv bi povzročil nekonkurenčen razvoj novih proizvodnih zmogljivosti in večje veleprodajne cene.
Second, the new entity’s likely strategy to link the gas supply and electricity purchase of gas-fired power plants would reduce the ability of rival electricity retailers to source competitive electricity and would increase the new entity’s already strong market power in electricity retail.
Morebitna strategija novega pravnega subjekta za povezavo dobave plina z nabavo električne energije plinskih elektrarn bi zmanjšala sposobnost konkurenčnih maloprodajnih elektroenergetskih družb, da priskrbijo konkurenčno električno energijo, in povečala že tako veliko tržno moč novega pravnega subjekta na maloprodajnem trgu z električno energijo.
Finally, the Commission’ market investigation has indicated that dual offers (gas and electricity) are likely to play an important role in Hungary.
Nazadnje je tržna raziskava Komisije navedla, da bi imele dvojne ponudbe (plin in električna energija) pomembno vlogo na Madžarskem.
According to the Commission, E.ON will have the ability and incentive immediately after the transaction to prevent any other company active in electricity retail from developing dual offers by foreclosing access to gas resources to those competitors willing to pursue this marketing strategy, thereby significantly impeding competition on the markets for the supply of electricity to small industrial and commercial and residential customers.
Po mnenju Komisije bo imela družba E.ON takoj po transakciji možnost in interes, da prepreči kateri koli drugi družbi, dejavni na maloprodajnem trgu z električno energijo, razvoj dvojnih ponudb z izključitvijo dostopa do plinskih virov za tiste konkurente, ki so pripravljeni slediti tej strategiji trženja, s tem pa bi močno ovirala konkurenčnost na trgih za dobavo električne energije malim industrijskim in komercialnim odjemalcem ter gospodinjstvom.
In order to remove the competition concerns described above on the gas and electricity markets, E.ON submitted on 20 October 2005 a package of commitments.
Da bi družba E.ON odpravila navedene pomisleke zaradi konkurenčnosti na trgih s plinom in električno energijo, je 20. oktobra 2005 predložila paket obveznosti.
On 16 November 2005, the E.ON submitted revised commitments and on 8 December, the final version of the commitments was submitted.
Dne 16. novembra 2005 je družba E.ON predložila revidirane obveznosti, 8. decembra pa je bilo predloženo končno besedilo obveznosti.
The Commission believes that the undertakings, substantially improved following the market test compared to the parties’ initial offer, meet the concerns expressed by third parties as regards the need to ensure sufficient liquidity of gas on the Hungarian wholesale gas market at price and conditions which will allow third parties to compete effectively with the new entity on the downstream gas and electricity markets in Hungary.
Komisija je prepričana, da se v obveznostih, bistveno izboljšanih po preverjanju trga v primerjavi s prvotno ponudbo strank, upoštevajo pomisleki, ki so jo izrazile tretje stranke v zvezi s potrebo po zagotovitvi zadostne likvidnosti plina na madžarskem veleprodajnem trgu s plinom po ceni in pod pogoji, ki bodo tretjim strankam omogočili učinkovito konkuriranje novemu pravnemu subjektu na trgih na koncu prodajne verige s plinom in električno energijo na Madžarskem.
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