natgillin/translations-raw huggingface dataset:
Romania shall keep the Commission informed of the progress of the national measures taken to implement this Decision until recovery of the aid referred to in Article 1 has been completed.
II/11877/29.3.2010, ki ga je odobril minister za gospodarstvo in trgovino, ter ohranja ceno za obdobje od 1. januarja do 31. decembra 2011; Dodatek št. 7 z dne 1. februarja 2011 se nanaša na sporočilo št. 6547/21.1.2011, ki ga je odobril minister za gospodarstvo in trgovino, ter določa ceno za obdobje od 1. februarja do 31. decembra 2011.Za podjetje Electrocentrale Deva: Dodatek št. 1 z dne 1. avgusta 2009 se nanaša na sporočilo št.
It shall immediately submit, on simple request by the Commission, information on the measures already taken and planned to comply with this Decision.
II/11096/31.7.2009, ki ga je odobril državni sekretar na ministrstvu za gospodarstvo in trgovino, ter določa ceno za leto 2009; Dodatek št. 3 z dne 11. februarja 2010 se nanaša na sporočilo št.
It shall also provide detailed information concerning the amounts of aid and recovery interest already recovered from the beneficiary.
II/11674/11.2.2010, ki ga je odobril minister za gospodarstvo in trgovino, ter določa ceno za obdobje od 1. januarja do 31. marca 2010; Dodatek št. 4 z dne 1. aprila 2010 se nanaša na sporočilo št.
Article 5
II/11878/29.3.2010, ki ga je odobril minister za gospodarstvo in trgovino, ter določa ceno za obdobje od 1. aprila do 31. decembra 2010; Dodatek št. 5 z dne 1. februarja 2011 se nanaša na sporočilo št. 6547/21.1.2011, ki ga je odobril minister za gospodarstvo in trgovino, ter določa ceno za obdobje od 1. februarja do 31. decembra 2011.
This Decision is addressed to Romania.
OPCOM ga upravlja šele od julija 2011.
Done at Brussels, 20 April 2015.
Sklep Komisije z dne 5. marca 2014 v zvezi z uporabo člena 102 Pogodbe, ki nalaga kazni v skladu s členom 7 Uredbe Sveta (ES) št. 1/2003 z dne 16. decembra 2002 o izvajanju pravil konkurence iz členov 81 in 82 Pogodbe (UL L 1, 4.1.2003, str. 1) v zadevi AT.39 984 „Romunska energetska borza/OPCOM“.
For the Commission
Zbirka podatkov je vsebovala spodnje informacije: identiteta prodajalca in kupca, vrsta pogodbe, datum začetka veljavnosti, datum poteka ter količina, profil dobave in tehtana povprečna cena za vsako leto od 2009 do 2011.
Member of the Commission
Sklepi Komisije z dne 25. aprila 2012 C (2012) 2516 final. o zadevi SA.
Commission Decision C (2012) 2552 final of 25 April 2012 concerning the case SA.33475, p. 46
33623 (UL C 189, 29.6.2012, str. 3), C (2012) 2517 final o zadevi SA.
OJ C 395, 20.12.2012, p. 46.
33624 (UL C 268, 5.9.2012, str. 21), C (2012) 2542 final o zadevi SA.
Regulation No 1 of 15 April 1958 determining the languages to be used by the European Economic Community (OJ 17, 6.10.1958, p.
33451 (UL C 395, 20.12.2012, str. 5) in C (2012) 2556 final o zadevi SA.
385/58).
33581 (UL C 395, 20.12.2012, str. 34).
All members of Hidroelectrica's Board of Directors except the General Director of Hidroelectrica and the representative of Fondul Proprietatea (2010), cumulated other functions in various Ministries and were appointed through Orders issued by the Ministry of Economy and Trade, as follows: (i) in 2005-2006: the personal adviser in the Cabinet of Minister of Economy and Trade; the director of cabinet of the Minister for Small and Medium Enterprises; the pe For Electrocentrale Deva: Addendum No 1 dated rsonal adviser in the cabinet of the Minister in the Ministry of Public Finance and the personal adviser in the General Secretariat of the Government were members of Hidroelectrica's Board of Directors; (ii) in 2007-2008 — situation unknown; (iii) in 2009: the State Secretary in the Ministry of Economy and Trade was also the President of Hidroelectrica's Board of Directors (2009), while another State Secretary in the Ministry of Public Finance and two general directors in the Ministry of Economy and Trade were also members of Hidroelectrica's Board of Directors; (iv) in 2010: three personal advisers of the Ministry of Economy and Trade, a State Secretary in the Ministry of Finance and a General Director in the Ministry of Economy and Trade were members of Hidroelectrica's Board of Directors.
Predložitev informacij s strani Romunije dne 3. septembra 2014.
Decision of Tribunal of Bucharest No 22456/3/2012 dated 26 June 2012.
Predložitev informacij s strani Romunije dne 20. februarja 2015.
Energy Regulator, Annual Report 2009, p.
Likvidacija je bila odobrena s sklepom skupščine dne 12. marca 2012.
15.
Glej opombo 27.
Energy Regulator, Annual Report 2011, p.
Na voljo le v romunskem jeziku na http://www.euroinsol.eu/uploads/Raport%2059%20Hidro%20v11.pdf – str. 213.
15.
Predložitev informacij s strani Romunije dne 11. septembra 2013.
For instance, coal mines supplying Termoelectrica, such as the Paroseni mine, were included in the plan for aid to the definitive closure of uncompetitive coal mines in Romania which the Commission cleared by Decision of 22 February 2012 in case SA 33 033 — National Hard Coal Company.
Glej Prilogo 1 k predložitvi informacij Romunije dne 11. septembra 2013.
Energy Regulator, Annual Report 2010, p. 12
Za pogodbo s podjetjem Termoelectrica.
Energy Regulator, Annual Report 2011, p. 22.
Za pogodbo s podjetjem Electrocentrale Deva.
Deliveries started in 2009.
Glej npr. zadevo C-305/89, Italija proti Komisiji, („Alfa Romeo“), Recueil 1991, str.
The contract with Termoelectrica was terminated on 29 August 2012, while the contract with Electrocentrale Deva was terminated on 30 August 2012.
I-1603, točki 18 in 19; zadevo T-16/96, Cityflyer Express proti Komisiji, Recueil 1998, str.
On 1 August 2013, Societatea Națională a Huilei, which resulted from the spin-off from Compania Nationala a Huilei allegedly competitive mines, was also incorporated into Complexul Energetic Hunedoara.
II-757, točka 51; združene zadeve T-129/95, T-2/96 in T-97/96, Neue Maxhütte Stahlwerke and Lech-Stahlwerke proti Komisiji, Recueil 1999, str.
Article 25 of the Contract with Electrocentrale Deva
II-17, točka 104; ter združeni zadevi T-268/08 in T-281/08, Land Burgenland and Austria proti Komisiji, ZOdl.
Group 4 CET Paroseni — the estimative contractual quantity for the entire contractual duration is of 940 GWh per year).
2012, str.
Addendum 1 from 22 March 2009 sets the price at 225 RON/MWh for year 2009; Addendum 2 unknown date sets the price at 225 RON/MWh for year 2009 and stipulates that the price from 2010 onwards for the entire contractual duration shall be established by ANRE; Addendum 3 from 7 August 2009 sets the price at 230 RON/MWh for 2009; Addendum 4 from 19 February 2010 sets the price at 230 RON/MWh for the period 1 January-31 March 2010; Addendum 5 from 30 March 2010 sets the price at 230 RON/MWh for the period 1 April-31 December 2010; Addendum 6 from 31 December 2010 sets the same price as in Addendum No 5 (at 230 RON/MWh until 31 January 2011); Addendum 7 from 1 February 2011 sets the price at 235 RON/MWh for the period 1 February-31 December 2011; Addendum No 8 from 22 September 2011 replaces the initial Supplier Termoelectrica in the original contract by SC de Producere a Energieie Electrice si Termice Electrocentrale Paroseni SA.
II-0000, točka 48.
See Article 14 of the contract with Electrocentrale Deva.
Poročilo, ki ga je izdal sodni upravitelj podjetja Hidroelectrica – http://www.euroinsol.eu/uploads/Raport%2059%20Hidro%20v11.pdf – na voljo le v romunskem jeziku, str. 212.
Initial contractual price is 220,56 RON/MWh.
Zadeva C-482/99, Francoska republika proti Komisiji (Stardust Marine), Recueil 2002, str.
Addendum 1 from 1 August 2009 sets the price at 234 RON/MWh for year 2009; Addendum 2 from 2 January 2010 sets the price at 225,7 RON/MWh for the period 1 January-30 June 2010.; Addendum 3 from 11 February 2010 sets the price at 234 RON/MWh for the period 1 January-31 March 2010; Addendum 4 from 1 April 2010 sets the price at 234 RON/MWh for the period 1 April-31 December 2010; Addendum 5 from 1 February 2011 sets the price at 234 RON/MWh for the period 1 February-31 December 2011.
I-4397.
For Termoelectrica: Addendum No 1, dated 20 March 2009, stipulated the price for 2009 based on ANRE Decision; Addendum No 2 dated 1 June 2009 sets the price for 2009 and specifies that from 2010 onwards the contractual price shall be set by ANRE for Paroseni Plant.For Electrocentrale Deva: Through Addendum No 2, dated 7 January 2009, the price was adjusted based on ANRE Decision.
Alzetta, točke 141 do 147; Altmark Trans.
For Termoelectrica: Addendum No 3 dated 1 August 2009 refers to the Note No II/11096/31.7.2009 approved by the State Secretary in the Ministry of Economy and Trade sets the price for the year 2009; Addendum No 4 dated 11 February 2010 refers to the Note No II/11672/11.2.2010 approved by the Minister of Economy and Trade, sets the price for the period 1 January-31 March 2010; Addendum No 5 dated 1 April 2010 refers to the Note No II/11877/29.3.2010 approved by the Minister of Economy and Trade, sets the price for the period 1 April-31 December 2010; Addendum No 6 dated 1 January 2011 refers to the same Note No II/11877/29.3.2010 approved by the Minister of Economy and Trade and maintains the price for the period 1 January-31 December 2011; Addendum No 7 dated 1 February 2011 refers to the Note No 6547/21.1.2011 approved by the Minister of Economy and Trade and sets the price for the period 1 February-31 December 2011.For Electrocentrale Deva: Addendum No 1 dated 1 August 2009 refers to the Note No II/11096/31.7.2009 approved by the State Secretary in the Ministry of Economy and Trade sets the price for the year 2009; Addendum No 3 dated 11 February 2010 refers to the Note No II/11674/11.2.2010 approved by the Minister of Economy and Trade sets the price for the period 1 January-31 March 2010; Addendum No 4 dated 1 April 2010 refers to the Note No II/11878/29.3.2010 approved by the Minister of Economy and Trade sets the price for the period 1 April-31 December 2010; Addendum No 5 dated 1 February 2011 refers to the Note No 6547/21.1.2011 approved by the Minister of Economy and Trade and sets the price for the period 1 February-31 December 2011.
Zadeva C-364/90, Italija proti Komisiji, Recueil 1993, str.
According to Romania's submission of information dated 11 September 2013 and 20 February 2015, electricity deliveries ceased at the end of 2011 under the Contracts.
I-2097, točka 20.
Thus, no deliveries were made in 2012.
Glej zadevo C-70/72, Komisija proti Nemčiji, Recueil 1973, str. 813, točka 13.
Administrated by OPCOM only as of July 2011.
Glej združene zadeve C-278/92, C-279/92 in C-280/92, Španija proti Komisiji, Recueil 1994, str.
Commission Decision of 5 March 2014, in application of Article 102 of the Treaty imposing fines pursuant to Article 7 of Council Regulation (EC) No 1/2003 of 16 December 2002 on the implementation of the rules on competition laid down in Articles 81 and 82 of the Treaty (OJ L 1, 4.1.2003, p.
I-4103, točka 75.
1) in case AT.39 984 ‘Romanian Power Exchange/OPCOM’.
Glej zadevo C-75/97, Belgija proti Komisiji, Recueil 1999, str.
The dataset included the following information: the identity of the seller and the buyer, the type of contract, date of entry into force, date of expiration, as well as the quantity, profile of supply and the weighted average price for each year from 2009 to 2011.
I-3671, točki 64 in 65.
Commission Decisions of 25 April 2012 C(2012) 2516 final concerning the case SA.33623 (OJ C 189, 29.6.2012, p. 3), C(2012) 2517 final concerning the case SA.33624 (OJ C 268, 5.9.2012, p. 21), C(2012) 2542 final concerning the case SA.33451 (OJ C 395, 20.12.2012, p. 5) and C(2012) 2556 final concerning the case SA.33581 (OJ C 395, 20.12.2012, p. 34).
Uredba Sveta (ES) št. 659/1999 z dne 22. marca 1999 o določitvi podrobnih pravil za uporabo člena 93 Pogodbe ES (UL L 83, 27.3.1999, str. 1).
Romania's submission of information dated 3 September 2014.
Dobave električne energije so se ustavile, preden je sodni upravitelj podjetja Hidroelectrica konec avgusta 2012 prekinil obe pogodbi.
Romania's submission of information dated 20 February 2015.
T-123/09, Ryanair proti Komisiji EU:T2012:164, točki 155–156, T-415/05, T416/05 in T-423/05, Grčija, Olimpiakes Aerogrammes AE in Olimpiaki Aeroporia AE proti Komisiji, EU:T:2010:386, točka 135, in C-287/12 P, Ryanair Ltd proti Komisiji, EU:C2013:395, točke 101 do 107.
Published in the Official Gazette No 700 from 4 October 2011.
Zadeva 277/00, SMI, ZOdl.
Liquidation approved through the General Assembly Decision dated 12 March 2012.
2004, str I-4355, točka 85; Zadeva C-52/84, Komisija proti Belgiji, Recueil 1986, str. 89, odstavek 14; Zadeva C-142/87, Tubemeuse, Recueil 1990, str I-959, točke 60 do 62.
See footnote 27.
Zadeva C-610/10, Komisija proti Španiji („Magefesa“), ZOdl.
Available in Romanian only at http://www.euroinsol.eu/uploads/Raport%2059%20Hidro%20v11.pdf — p. 213.
2012, objavljena v elektronskih poročilih o zadevah (Poročila sodišč – splošno), točka 104, in navedena sodna praksa.
Romania's submission of information dated 11 September 2013.
Zadeva C-610/10, Komisija proti Španiji („Magefesa“), točka 106.
See Annex 1 to Romania's submission of information dated 11 September 2013.
Uredba Komisije (ES) št. 794/2004 z dne 21. aprila 2004 o izvajanju Uredbe Sveta (ES) št. 659/1999 o določitvi podrobnih pravil za uporabo člena 93 Pogodbe ES (UL L 140, 30.4.2004, str. 1) z nadaljnjimi spremembami.
For the Contract with Termoelectrica.
PRILOGA I
For the Contract with Electrocentrale Deva.
PRESOJA GOSPODARSKE PREDNOSTI – EKONOMETRIČNA ANALIZA
See, e.g., Case C-305/89 Italy v Commission (‘Alfa Romeo’) [1991] ECR I-1603, paragraphs 18 and 19; Case T-16/96 Cityflyer Express v Commission [1998] ECR II-757, paragraph 51; Joined Cases T-129/95, T-2/96 and T-97/96 Neue Maxhütte Stahlwerke and Lech-Stahlwerke v Commission [1999] ECR II-17, paragraph 104; Joined Cases T-268/08 and T-281/08 Land Burgenland and Austria v Commission [2012] ECR II-0000, paragraph 48.
Utemeljitev in opis ekonometrične analize
The report issued by Hidroelectrica's judicial administrator — http://www.euroinsol.eu/uploads/Raport%2059%20Hidro%20v11.pdf — available only in Romanian — p.
Namen ekonometrične analize, ki jo je izvedla Komisija, je ustvariti referenčne cene za pogodbe v preiskavi, ki so rezultat regresijske analize, izvedene v zvezi s pogodbami v nizu podatkov, ki niso v preiskavi, in sicer z uporabo značilnosti teh pogodb.
212.
V prvi fazi regresijska analiza omogoča vzpostavitev referenčne cene pogodbe kot funkcijo pogodbenih značilnosti niza podatkov („napovedi znotraj vzorca“).
Case C-482/99 French Republic v Commission (Stardust Marine) [2002] ECR I-4397.
V drugi fazi se rezultati regresijske analize uporabijo za napoved referenčne cene za pogodbe v preiskavi, pri čemer se upoštevajo pogodbene značilnosti („napovedi izven vzorca“).
Alzetta, paragraphs 141 to 147; Altmark Trans.
Pri regresijski analizi je razlika v cenah med pogodbami v nizu podatkov pojasnjena z uporabo naslednjih značilnosti: kupljena količina in letna navidezna spremenljivka [1].
Case C-364/90, Italy v Commission, [1993] ECR I-2097, paragraph 20.
Ekonometrična analiza temelji na načelu, da obstaja več dejavnikov oblikovanja cen, na primer količine.
See Case C-70/72 Commission v Germany [1973] ECR 813, paragraph 13.
Zato bi bilo zavajajoče primerjati cene različnih pogodb brez upoštevanja teh dejavnikov.
See Joined Cases C-278/92, C-279/92 and C-280/92 Spain v Commission [1994] ECR I-4103, paragraph 75.
Utemeljitev te količinske analize je naslednja: z upoštevanjem zunanjih dejavnikov postanejo cene različnih pogodb bolj primerljive.
See Case C-75/97 Belgium v Commission [1999] ECR I-030671 paragraphs 64 and 65.
Ker normalizacija ne obstaja, bi se med seboj lahko ustrezno primerjale le popolnoma enake pogodbe.
Council Regulation (EC) No 659/1999 of 22 March 1999 laying down detailed rules for the application of Article 93 of the EC Treaty (OJ L 83, 27.3.1999, p. 1).
Ta empirična analiza ni namenjena ocenjevanju vzročnega razmerja med cenami in nekaterimi zunanjimi dejavniki.
The electricity deliveries stopped before termination of the Contracts by Hidroelectrica's judicial administrator end of August 2012.
Na primer, pri ocenjevanju vzročnega odnosa med nekaterimi dejavniki in cenami bi bilo treba upoštevati tveganje endogenosti, tj. tveganje, da je vzročna spremenljivka (npr. količine) že sama po sebi pod vplivom razložene spremenljivke (npr. cena), in sicer zaradi izpuščenih spremenljivk ali simultane pristranskosti.
T-123/09 Ryanair v Commission, EU:T2012:164, points 155-156, T-415/05, T416/05 and T-423/05, Hellenic Republic, Olimpiakes Aerogrammes AE and Olimpiaki Aeroporia AE v Commission, EU:T:2010:386, point 135 and C-287/12 P, Ryanair Ltd v Commission, EU:C2013:395, points 101 to 107.
Namen količinske analize je „normalizirati“ cene različnih pogodb, da bi bile med seboj bolj primerljive.
Case 277/00 SMI [2004] ECR I-4355, paragraph 85; Case 52/84 Commission v Belgium [1986] ECR 89, para.
Ta normalizacija je potrebna, ker ni na voljo povsem enakih pogodb in značilnosti dobave.
14; Case C-142/87 Tubemeuse [1990] ECR I-959, paragraphs 60–62.
Regresijska analiza zajema glavne značilnosti zadevnih dvostranskih pogodb:
Case C-610/10 Commission v Spain (‘Magefesa’) (ECLI:EU:C:2012:781), paragraph 104 and the case-law cited.
vključno s količinsko spremenljivko v regresiji, ki ugotavlja, da so cene na splošno nižje, če so kupljene količine večje [2],
Case C-610/10 Commission v Spain (‘Magefesa’) paragraph 106.
zajema tudi letne navidezne spremenljivke in časovno dimenzijo ter morebitne spremembe v tržnih pogojih med različnimi leti.
Commission Regulation (EC) No 794/2004 of 21 April 2004 implementing Council Regulation (EC) No 659/1999 laying down detailed rules for the application of Article 93 of the EC Treaty, OJ L 140, 30.4.2004, p. 1, with further amendments.
Glede prve faze empirične analize so rezultati regresijske analize pogodb v nizu podatkov predstavljeni v razpredelnici 1.
ANNEX
Kar zadeva drugo fazo empirične analize je Komisija ugotovila referenčne vrednosti za vsako leto in nato preskusila položaj pogodb glede na to referenčno vrednost, da bi ugotovila, ali so bile cene, ki jih zaračunava podjetje Hidroelectrica, nižje ali višje od modelirane referenčne cene.
ASSESSMENT OF THE ECONOMIC ADVANTAGE — ECONOMETRIC ANALYSIS
Naslednje faze podrobno opisujejo metodologijo za določitev referenčne vrednosti:
Rationale and description of the econometric analysis
Prvič, za vsako pogodbo v preiskavi se izračuna, če pride do odstopanja, za koliko dejanska cena vsako leto odstopa od ustrezne referenčne cene, izračunane z uporabo regresije in lastnosti pogodbe;
The econometric analysis undertaken by the Commission aims at creating benchmark prices for the contracts under investigation, which would result from a regression analysis carried out on contracts in the dataset, which are not under investigation, by using features of these contracts.
Drugič, opredeli se pogodba z največjim odstopanjem navzgor („MUD“) [3]; To je pogodba v nizu podatkov, katere ugotovljena cena navzgor največ odstopa od svoje ustrezne referenčne cene (v absolutnih številkah).
In a first step, the regression analysis allows constructing a benchmark price as a function of the contract characteristics of the dataset (‘in-sample predictions’).
Izbira MUD, ki daje različne vrednosti nad srednjo oceno referenčne cene, je upravičena, vendar je tudi konservativna; prvič, ekonometrični model ne pojasni 100 % ugotovljene cene v nizu podatkov, ena sama ocena referenčne cene pa je zagotovljena znotraj intervala zaupanja ter stopnje napake, ki je višja ali nižja od ocene; drugič, na realnem trgu se pojavljajo cenovna odstopanja od ene same možne cene; MUD, ki izhaja iz tržnih pogodb (glej uvodne izjave 42 do 45), daje količinsko opredeljene informacije o možnem obsegu takšnih odstopanj in zagotavlja tržni obseg v območju izračunane referenčne cene;
In a second step, the results of the regression analysis are used to predict a benchmark price for the contracts investigated taking into account their contract characteristics (‘out-of-sample predictions’).
Tretjič, razlika v ceni iz pogodb MUD je uporabljena za ločitev ugotovljene cene nad referenčnimi cenami od pogodb, ki so pod referenčno ceno:
In the regression analysis, the variation in prices among the contracts in the dataset is explained using the following characteristics: quantity purchased and year dummies [1].
če ima pogodba ugotovljeno ceno, ki presega ustrezno referenčno ceno in če je razlika v ceni te pogodbe višja od razlike v ceni MUD [4], se šteje, da ta pogodba prima facie ni skladna s trgom,
The econometric analysis relies on the principle that there are a number of drivers of prices, such as quantities.
v nasprotnem primeru se šteje, da je pogodba skladna s trgom;
It would be misleading to compare the prices across different contracts without considering these drivers.
V spodnji preglednici so predstavljeni podrobni rezultati regresijske analize niza podatkov.
The rationale of this quantitative exercise is, therefore that, once some external factors are taken into account, the prices across different contracts become more comparable.
Regresija pojasni 36 % nihanja podatkov.
In the absence of normalisation, only perfectly identical contracts could be meaningfully compared.
Ocene koeficienta, predstavljene v spodnji preglednici, se uporabljajo v drugi fazi za napoved „referenčnih“ cen za pogodbe v preiskavi (napovedi izven vzorca), ob domnevi, da gre prav tako za maloprodajne pogodbe, kot so pogodbe v nizu podatkov.
This empirical exercise does not aim at estimating a causal relationship between prices and some external factors.
Rezultati ekonometrične analize
For example, estimating a causal relationship between some factors and the prices would require dealing with the risk of endogeneity, that is, the risk that a causal variable (e.g. the quantities) is itself influenced by the explained variable (e.g. the price), due to omitted variables or simultaneity bias.
Preglednica 1
The purpose of the quantitative exercise is to ‘normalise’ the prices across different contracts to make them more comparable to each other.
Regresijska analiza
This normalisation is necessary in the absence of perfectly identical contracts and supply characteristics.
V spodnjih preglednicah so predstavljeni rezultati empirične analize, pri čemer je bila uporabljena regresijska analiza iz preglednice 1.
The regression analysis captures the main features of the bilateral contracts at stake:
Za vsako leto je bil MUD izbran na podlagi razlike v ravneh cen (v RON/MWh) med predvideno ceno vsake pogodbe in njeno ugotovljeno ceno.
including the quantity variable in the regression captures that prices are in general lower when quantities purchased are higher [2],
Preglednici 2 in 3 prikazujeta razlike med pogodbenimi odkupnimi cenami podjetja Hidroelectrica za posamezno leto (tj.: 2009–2011) v primerjavi s simulirano referenčno ceno za dve podjetji v preiskavi.
including year dummies captures the time dimension and the possible change in market conditions between different years.
Za pogodbo MUD, tj. pogodba v nizu podatkov z največjo razliko med ugotovljeno ceno in ustrezno predvideno ceno, je bila leta 2009 predvidena razlika v ceni v višini 69,73 RON/MWh.
As regards the first step of the empirical analysis, the results of the regression analysis on the dataset contracts are reported in Table 1 below.
Nobena od obeh pogodb med podjetji Hidroelectrica in Termoelectrica oziroma Electrocentrale Deva ni imela ugotovljene cene nad svojo predvideno ceno z razliko v ceni večjo od 69,73 RON/MWh (glej preglednico 2).
As regards the second step of the empirical analysis, the Commission has identified a benchmark for every year and then tested the position of the contracts relative to this benchmark in order to conclude whether the prices charged by Hidroelectrica were lower or higher than the modelled benchmark price.
Razlika v ceni pogodbe MUD je bila leta 2010 ocenjena na 45,36 RON/MWh.