natgillin/translations-raw huggingface dataset:
The market or markets for the supply of natural gas to decentralised CHPs and large industrial customers is/are national in scope since there are no direct imports.
Trg ali trgi za dobavo zemeljskega plina decentraliziranim SPTE in velikim industrijskim odjemalcem je/so po obsegu nacionalen(-ni), ker ni na voljo neposrednih uvozov.
Moreover, the market structures are clearly different between the neighbouring countries.
Poleg tega se struktura trga med sosednjimi državami jasno razlikuje.
The existence of substantial price differences between Denmark, Germany, Sweden and the Netherlands further confirms the existence of national markets.
Obstoj nacionalnih trgov nadalje potrjuje znatne razlike v ceni med Dansko, Nemčijo, Švedsko in Nizozemsko.
The Decision considers that the market(s) for supply to businesses and household customers in Denmark is not wider than national and possibly still regional in scope.
V Odločbi se meni, da trg(-i) za dobavo poslovnim odjemalcem in gospodinjstvom ne presega Danske v nacionalnem okviru in je/so po obsegu morebiti še vedno regionalen(-ni).
The question of whether the market(s) is/are national or regional can be left open.
Vprašanje, ali je trg nacionalen ali regionalen/so trgi nacionalni ali regionalni, lahko ostane odprto.
On the one hand, sales on this market require a national sales- and service office and all suppliers to non-metering customers in Denmark are Danish, Danish companies and there exist large price differences between national markets.
Po eni strani, prodaja na tem trgu zahteva vzpostavitev nacionalnega urada za prodajo in storitve za kupce in vsi dobavitelji za odjemalce s porabo brez vnaprejšnjega odmerka na Danskem so danska podjetja, medtem ko med nacionalnimi trgi obstajajo velike razlike v cenah.
On the other hand, only less than 1 % of the customers have so far decided to change supplier.
Po drugi strani, se je le manj kot 1 % odjemalcev odločil zamenjati dobavitelja.
Regional distribution companies therefore still have very large market shares in their respective areas and prices to end consumers are different in the three regional areas.
Regionalne distribucijske družbe imajo zato še vedno zelo velike tržne deleže na svojih zadevnih območjih, cene za končne odjemalce pa so različne na treh regionalnih območjih.
The existence of large differences in market share as well as price differences between regions would normally be indications that regional markets are not integrated.
Obstoj velikih razlik v tržnem deležu ter razlik v ceni med regijami je običajno znamenje, da regionalni trgi niso vključeni.
Conclusion on relevant markets in the natural gas sector
Sklepne ugotovitve o upoštevnih trgih v sektorju zemeljskega plina
The Decision considers that the following relevant markets exist:
V Odločbi se meni, da obstajajo naslednji upoštevni trgi:
the Danish market for storage or alternatively the Danish market for flexibility of natural gas; the Swedish market for storage or alternatively the Swedish market for flexibility of natural gas (Swedish or alternatively Swedish-Danish in scope);
danski trg za skladiščenje ali v drugem primeru danski trg za prilagodljivost oskrbe z zemeljskim plinom; švedski trg za skladiščenje ali v drugem primeru švedski trg za prilagodljivost oskrbe z zemeljskim plinom (švedski ali v drugem primeru trg, ki je po obsegu švedsko-danski);
the market for wholesale of natural gas for Denmark (Danish in scope); the market for wholesale of natural gas for Sweden (Swedish or alternatively Swedish-Danish in scope;
trg za grosistično prodajo zemeljskega plina za Dansko (po obsegu danski); trg za grosistično prodajo zemeljskega plina za Švedsko (švedski ali v drugem primeru trg, ki je po obsegu švedsko-danski);
the Danish market for the supply of natural gas to central CHPs; the Swedish market for the supply of natural gas to central CHPs (Swedish in scope or Swedish-Danish scope);
danski trg za dobavo zemeljskega plina centralnim SPTE; švedski trg za dobavo zemeljskega plina centralnim SPTE (švedski ali v drugem primeru trg, ki je po obsegu švedsko-danski);
the market or markets for the supply of natural gas to large industrial customers and to decentralised CHPs (Danish in scope);
trg ali trgi za dobavo zemeljskega plina velikim industrijskim odjemalcem in decentraliziranim SPTE (po obsegu danski);
the market or markets for the supply of natural gas to small business customers and to households (Danish or regional in scope).
trg ali trgi za dobavo zemeljskega plina majhnim poslovnim odjemalcem in gospodinjstvom (zajema(-jo) Dansko v nacionalnem ali regionalnem obsegu).
Generation and wholesale of physical electricity; Ancillary services
Proizvodnja in grosistična prodaja fizične električne energije; Pomožne storitve
An important part of the sales and purchases of wholesale electricity in the Nordic area is conducted via the Nordic electricity power exchange Nord Pool Spot ASA (Nord Pool).
Pomemben del prodaje in nakupa na grosističnem trgu električne energije na nordijskem območju se vodi prek nordijske borze z električno energijo Nord Pool Spot ASA („Nord Pool“).
In addition to these Nord Pool-based forms of trading of physical electricity at wholesale level, producers/traders and customers also engage in bilateral contracts of physical wholesale electricity.
Poleg teh oblik trgovanja s fizično električno energijo na grosistični ravni, ki temeljijo na Nord Poolu, proizvajalci/trgovci in odjemalci sklepajo tudi dvostranske pogodbe za grosistične posle v zvezi s fizično električno energijo.
The immediate customers of ancillary services are TSOs, who are responsible for maintaining the balance in the grid and for securing supply in emergency situations.
Neposredni odjemalci pomožnih storitev so TSO (operaterji prenosnih sistemov), ki so odgovorni za ohranjanje ravnovesja v omrežju in zagotavljanje dobave v izrednih razmerah.
The Commission’s market investigation has led to clear indications that ancillary services/system services are not easily substitutable with other electricity supply at the wholesale level.
Raziskava trga, ki jo je izvedla Komisija, jasno nakazuje, da se pomožnih storitev/storitev sistema ne da preprosto nadomestiti z drugo dobavo električne energije na grosistični ravni.
Moreover, an operator’s share of regulating power may vary significantly over time without any apparent relation to its position on the market for electricity production.
Poleg tega lahko delež upravljavca regulacijske energije sčasoma precej niha brez prepoznavne povezave z njegovim položajem na trgu za proizvodnjo električne energije.
However, the Decision considers that the precise delineation of this market/these markets can be left open.
Vendar se v Odločbi meni, da lahko natančen opis tega trga/teh trgov ostane nedoločen.
Bilateral supplies to customers without a direct access to Nord Pool may or may not constitute a separate product market and the same can be said for ancillary services.
Dvostranske dobave odjemalcem, ki ne morejo neposredno dostopati do borze Nord Pool, lahko pomenijo ločen proizvodni trg ali pa tudi ne, enako velja tudi za pomožne storitve.
Financial derivatives of electricity
Izvedeni finančni instrumenti za električno energijo
The Decision considers a separate market for financial electricity, since fundamentally the financial market is about trading of risk while the physical market is about trading of electricity for consumption and therefore not fully substitutable.
V Odločbi se upošteva ločeni trg za finančno električno energijo; dejansko gre na finančnem trgu pravzaprav za trgovanje s tveganimi naložbami in na fizičnem trgu za trgovanje z električno energijo za porabo in zato oba nista v celoti nadomestljiva.
Whether the distinct financial product of CfDs (or contracts for difference) belongs to the same market or to a separate market is left open.
Vprašanje, ali finančni proizvod CfD (ali pogodb za razliko) pripada istemu ali ločenemu trgu, ostaja odprto.
Electricity retail
Električna energija za maloprodajni trg
The Decision considers separate markets for supplies to customers with hourly metering requirements and one for customers without metering requirements.
V Odločbi se upoštevajo ločeni trgi za dobavo odjemalcem z zahtevami glede porabe z vnaprejšnjim odmerkom in trgi za odjemalce, ki nimajo zahtev glede porabe z vnaprejšnjim odmerkom.
This distinction was clearly confirmed by the market investigation.
To razlikovanje je jasno potrdila raziskava trga.
These customer groups pay different prices, consume different products and purchase in different ways.
Te skupine odjemalcev plačujejo po različnih cenah, uporabljajo različne proizvode in kupujejo na drugačen način.
Wholesale of physical electricity
Grosistična prodaja fizične električne energije
The Decision considers that the competitive effects of the merger should be assessed on separate East Danish/West Danish Nord Pool price areas or on a combination of the two areas plus Sweden, since the parties’ Nordic activities are almost exclusively limited to Denmark.
V Odločbi se meni, da je treba konkurenčne učinke združitve oceniti na ločenih cenovnih območjih, tj. na območju vzhodno-danskega/zahodno-danskega Nord Poola, ali v kombinaciji dveh območij skupaj s Švedsko, ker so nordijske dejavnosti strank skoraj v celoti omejene na Dansko.
If the concentration does not lead to negative effects on competition in such combinations of areas then it cannot lead to negative effects in any wider price area.
Če koncentracija ne vodi do negativnih učinkov na konkurenco v takšnih kombinacijah območij, potem ne more voditi do negativnih učinkov na katerem koli širšem cenovnem območju.
All other geographic market definition issues for the wholesale electricity market with regard to the current operation are left open.
Vsa druga vprašanja v zvezi z opredelitvijo geografskega trga za grosistični trg električne energije glede trenutnega povezovanja lahko ostanejo odprta.
Ancillary services
Pomožne storitve
The Decision regards that ancillary services are national in scope, since these are dependent on immediate and reliable availability within a certain price area and since congestion of interconnectors exist.
V Odločbi se upošteva, da so pomožne storitve po obsegu nacionalne, ker so odvisne od takojšnje in zanesljive razpoložljivosti v okviru določenega cenovnega območja in zaradi preobremenjenosti povezovalnih vodov.
As regards financial derivatives of electricity, the Decision considers the market to be at least pan-Nordic as financial derivatives of electricity trading takes place on Nord Pool, while the CfDs could comprise the particular price area only, since companies trading in these products will mainly be the wholesale suppliers and customers in these very price areas.
Glede izvedenih finančnih instrumentov za električno energijo se v Odločbi meni, da ima trg vsaj vsenordijski obseg, ker poteka trgovanje z izvedenimi finančnimi instrumenti za električno energijo na terminski borzi Nord Pool, medtem ko bi lahko trg za pogodbe za razliko sam zajemal posebno cenovno območje, ker podjetja, ki poslujejo s temi proizvodi, zlasti zanimajo grosisti in veliki odjemalci, ki so dejavni na teh posebnih cenovnih območjih.
In electricity retail markets, the Decision considers that the market for metered customers is national, while for non-metered it is national-regional.
Glede maloprodajnih trgov električne energije se v Odločbi meni, da je trg za odjemalce s porabo z vnaprejšnjim odmerkom po obsegu nacionalen, medtem ko je trg za odjemalce s porabo brez vnaprejšnjega odmerka po obsegu nacionalen in regionalen.
There is no direct entry by foreign supply companies, and non-metered customers have largely remained with their local USO supplier.
Tuja podjetja za dobavo ne vstopajo neposredno na trg in odjemalci s porabo brez vnaprejšnjega odmerka so v glavnem ostali pri svojem lokalnem dobavitelju USO (obveznost glede univerzalnih storitev).
Conclusion on relevant markets in electricity
Sklepne ugotovitve o upoštevnih trgih električne energije
The Decision therefore defines the following electricity markets:
V Odločbi so zato opredeljeni naslednji trgi električne energije:
wholesale of electricity (being East Danish and West Danish respectively or wider);
grosistični trg električne energije (vzhodno- oziroma zahodno-danski ali širši);
possibly, bilateral wholesales to customers not having access to Nord Pool (being East Danish and West Danish respectively);
morebiti dvostranska grosistična prodaja odjemalcem, ki nimajo dostopa do Nord Poola (vzhodno- oziroma zahodno-danska);
possibly, ancillary services (being East Danish and West Danish respectively);
morebiti pomožne storitve (vzhodno- oziroma zahodno-danske);
financial derivatives of electricity (encompassing the Nord Pool area if excluding CfDs);
izvedeni finančni instrumenti za električno energijo (zajema območje Nord Poola, če izključuje pogodbe za razliko);
possibly CfDs (being East Danish and West Danish respectively);
morebiti pogodbe za razliko (vzhodno- oziroma zahodno-danske);
electricity sales to metered (business) customers (being Danish-national);
prodaja električne energije (poslovnim) odjemalcem s porabo z vnaprejšnjim odmerkom (zajema Dansko v nacionalnem obsegu);
electricity sales to non-metered (predominantly household) customers (being Danish-national or Danish-regional).
prodaja električne energije (predvsem gospodinjskim) odjemalcem s porabo brez vnaprejšnjega odmerka (zajema Dansko v nacionalnem ali regionalnem obsegu).
OTHER MARKETS
DRUGI TRGI
A number of other markets are affected by the proposed concentration but there is no negative impact on competition, either due to low market shares or no geographical overlaps: District heating (local), Fly ash production (regional scope left open) and CO2 trading (likely EU-wide).
Predlagana koncentracija vpliva na številne druge trge, vendar ne vpliva negativno na konkurenco, bodisi zaradi nizkih tržnih deležev ali ker ni geografskega prekrivanja: daljinsko ogrevanje (lokalno), proizvodnja elektrofiltrskega pepela (regionalni okvir je ostal odprt) in trgovanje s CO2 (verjetno na ravni EU).
PRELIMINARY REMARK ON MINORITY SHAREHOLDINGS
UVODNA OPOMBA O MANJŠINSKEM DELEŽU
The Decision examines the argument set out by DONG concerning the effect of pre-merger links between the merging parties and between the merging parties and third parties but finds that, in any event, a consideration of any such effect cannot offset the negative effects of the merger.
V Odločbi se proučuje utemeljitev, ki jo je predložil DONG v zvezi z učinkom povezav pred združitvijo med strankama, ki se združujeta, in med strankama, ki se združujeta ter tretjimi strankami, vendar se ugotavlja, da upoštevanje katerega koli učinka na vsak način ne more nadomestiti negativnih učinkov združitve.
Based on the market investigation undertaken in this case, the Commission has concluded that DONG currently is dominant in the Danish market for storage/flexibility.
Komisija je na podlagi raziskave trga v zvezi s to zadevo sklenila, da DONG trenutno prevladuje na danskem trgu za skladiščenje/prilagodljivost.
The Decision considers that access to storage/flexibility is a necessary complement to other gas activities, the market for storage/flexibility is considered adjacent to other gas markets.
V Odločbi se meni, da je dostop do skladiščenja/prilagodljivosti potrebno dopolnilo drugim dejavnostim v zvezi z zemeljskim plinom, trg za skladiščenje/prilagodljivost pa meji na druge trge zemeljskega plina.
Even though two separate legal entities within DONG are responsible respectively for storage and trading of gas, the Commission considers that both these activities are pursued with the joint aim of increasing the profitability of the DONG group, and has analysed the effect on the Danish market for storage/flexibility against this background.
Čeprav sta v okviru DONG za skladiščenje oziroma trgovino z zemeljskim plinom odgovorni dve samostojni podjetji, Komisija meni, da imata obe dejavnosti skupen cilj povečati donosnost skupine DONG, ob upoštevanju tega pa je proučila učinek na danski trg za skladiščenje/prilagodljivost.
Therefore, the Decision considers that the acquisition of E2 and Elsam as the main independent sources of flexibility in Denmark will give DONG the ability and incentive to reduce its storage needs by replacing the use of its own storage facilities by the use of E2 and Elsam as flexibility sources.
Zato se v Odločbi meni, da bo nakup E2 in Elsam kot najpomembnejših neodvisnih virov za prilagodljivost na Danskem podjetju DONG dal možnost in ga spodbudil k temu, da zmanjša svoje potrebe skladiščenja tako, da koriščenje lastnih skladišč nadomesti z E2 in Elsam kot viroma za prilagodljivost.
At the same time, the flexibility alternatives available to competing gas suppliers will be reduced.
Hkrati se bodo zmanjšale možnosti prilagodljivosti, ki so na voljo konkurenčnim dobaviteljem za zemeljski plin.
As a result, and due to the way the Danish storage tariffs apply, other gas suppliers’ storage costs will increase and their ability to exercise competitive pressure on DONG will thereby decrease.
Kot posledica in na podlagi uporabe danskih tarif za skladiščenje se bodo povečali stroški skladiščenja drugih dobaviteljev zemeljskega plina in s tem se bo zmanjšala možnost, da bi slednji izvajali konkurenčni pritisk na DONG.
For these reasons, the Decision concludes that the operation would lead to a significant impediment to effective competition on the possible Danish market for storage or on the possible Danish market for storage/flexibility in particular through the strengthening of DONG’s dominant position on such markets.
Zaradi tega se v Odločbi ugotavlja, da bi povezovanje vodilo do bistvenega oviranja učinkovite konkurence na morebitnem danskem trgu za skladiščenje ali na morebitnem danskem trgu za skladiščenje/prilagodljivost, zlasti s krepitvijo prevladujočega položaja DONG na takšnih trgih.
As regards the Swedish storage/flexibility market, the Decision concludes that the finding of potential harm in Denmark may in principle be extended to Sweden, but that a detailed assessment of the particular features of the Swedish market is unnecessary considering that the overall assessment of the transaction in independent thereof.
Glede švedskega trga za skladiščenje/prilagodljivost se v Odločbi ugotavlja, da bi ugotovitev morebitnega oviranja konkurence na Danskem načeloma lahko veljala tudi za Švedsko, vendar je podrobna ocena posebnih značilnosti švedskega trga nepotrebna ob upoštevanju dejstva, da je splošna ocena transakcije neodvisna od tega.
During the investigation, the Commission and DONG have taken different views as regards the relevance of analysing gas wholesale supplies beyond […] [3].
Komisija in DONG sta imela med raziskavo različna mnenja glede pomena analiziranja grosistične dobave zemeljskega plina po […] [3].
DONG questioned the relevance of looking beyond a […] * years horizon.
DONG je dvomil glede pomena upoštevanja obdobja […] * let.
According to the Commission, the gas market is signified by long-term investments in infrastructure and long-term supply contracts, which justifies an analysis including a time-horizon beyond […] *.
Po mnenju Komisije je trg zemeljskega plina značilen za dolgoročne naložbe v infrastrukturo in za dolgoročne dobavne pogodbe, kar zagovarja analizo, ki vključuje časovno obdobje po […] *.
However, the Decision concludes that even in the absence of any consideration of the market situation beyond […] *, the merger will have significant anti-competitive effects on Danish wholesale supplies, through the elimination of the BGI project’s constraining impact, and the fact that entry decisions of competitors will be guided by the beginning in 2008 of negotiations of supply contracts with Elsam and E2.
Vendar se v Odločbi ugotavlja, da bo imela združitev kljub neupoštevanju stanja trga po […] * na podlagi odprave omejevalnega učinka, ki izhaja iz projekta BGI in dejstva, da bodo odločitve glede vstopa konkurentov odvisne od začetnih pogajanj z Elsam in E2 v zvezi dobavnimi pogodbami leta 2008, znatne protikonkurenčne učinke na danske grosistične dobave.
The Decision concludes that DONG is dominant on the Danish market for gas wholesale supplies, considering that the company’s market share was [80-90 %] * in 2004 [4].
V Odločbi se ugotavlja, da DONG prevladuje na danskem trgu za dobavo zemeljskega plina ob upoštevanju, da je bil leta 2004 [4] tržni delež družbe [80–90 %] *.
The Commission analysed potential competitive constraints on DONG’s dominant position from the following five sources:
Komisija je analizirala morebitne konkurenčne pritiske na prevladujoči položaj podjetja DONG na podlagi naslednjih petih virov:
operators in the Danish offshore area,
upravljavci na danskem podvodnem območju,
imports from Germany south of the DEUDAN pipeline,
uvozi iz Nemčije južno od plinovoda DEUDAN,
turnaround of gas at Ellund,
preusmeritev zemeljskega plina na Ellund,
a liquid Danish wholesale market, and
likvidni danski grosistični trg, in
new pipeline capacity or other import facilities.
nova plinovodna zmogljivost ali druge možnosti uvoza.
The Decision concludes that these competitive constraints are weak or not sufficiently certain to in the short term constitute an effective constraint on DONG’s market position.
V Odločbi se ugotavlja, da so ti konkurenčni pritiski šibki ali niso zadostno zanesljivi, da bi kratkoročno pomenili učinkovit pritisk na tržni položaj podjetja DONG.
The Decision thereafter examines whether the transaction will lead to a strengthening of DONG’s dominant position by the removal of actual and/or potential competition.
V Odločbi se proučuje, ali bo transakcija z odpravo dejanske in/ali morebitne konkurence vodila do krepitve prevladujočega položaja podjetja DONG.
As regards the E2’s and Elsam’s commercial interest to become active players in the Danish gas wholesale market, DONG disputes that E2 and Elsam constitute potential competitors and argues that they are not the most important competitive constraints on DONG.
Glede poslovnega interesa podjetij E2 in Elsam, da bi postala dejavna igralca na danskem grosističnem trgu zemeljskega plina, DONG spodbija, da bi bila E2 in Elsam morebitna konkurenta, in utemeljuje, da podjetji nista najpomembnejša konkurenčna pritiska na DONG.
According to the Commission, it is sufficient that E2 and Elsam constitute important competitive constraints (and not necessarily the most important), the removal of which would lead to competition concerns.
Po mnenju Komisije zadostuje, da sta E2 in Elsam pomemben konkurenčni pritisk (in ne nujno najpomembnejši), katerega odprava bi vodila do pomislekov glede konkurence.
The Commission’s investigation and the Decision conclude that the proposed concentration will remove E2 as an actual competitor, and Elsam as a credible potential competitor to DONG.
V raziskavi Komisije in Odločbi se ugotavlja, da bo predlagana koncentracija umaknila podjetje E2 kot dejanskega konkurenta in Elsam kot verodostojnega morebitnega konkurenta podjetju DONG.
The Commission’s analysis of the five potential competitive constraints mentioned in recital 57 above will not change this conclusion.
Analiza Komisije petih morebitnih konkurenčnih učinkov, navedenih zgoraj v uvodni izjavi 57, te sklepne ugotovitve ne bo spremenila.
Moreover, the Decision concludes that Vattenfall’s acquisition of a small share of E2’s and Elsam’s gas-fired power plants will not be sufficient to outweigh the loss of competitive pressure caused by the E2’s and Elsam’s integration in the DONG group.
Poleg tega se v Odločbi ugotavlja, da Vattenfallov nakup majhnega deleža plinsko-parnih elektrarn E2 in Elsam ne bo zadostoval, da bi se izguba pritiska konkurence, ki ga je povzročila vključitev E2 in Elsam v skupino DONG, presegla.