natgillin/translations-raw huggingface dataset:
on the aid measure SA.34947 (2013/C) (ex 2013/N) which the United Kingdom is planning to implement for support to the Hinkley Point C nuclear power station
o državni pomoči SA.34947 (2013/C) (ex 2013/N), ki jo namerava Združeno kraljestvo odobriti kot podporo za jedrsko elektrarno Hinkley Point C
(notified under document C(2014) 7142)
(notificirano pod dokumentarno številko C(2014) 7142)
Having called on interested parties to submit their comments pursuant to those provisions [1], and having regard to their comments,
po pozivu vsem zainteresiranim stranem, naj predložijo svoje pripombe v skladu z navedenimi določbami [1], in ob upoštevanju teh pripomb,
Following pre-notification contacts, the United Kingdom notified measures in support of the new nuclear power station Hinkley Point C (‘HPC’) on 22 October 2013 by electronic notification, registered by the Commission on the same day.
Po stikih pred priglasitvijo je Združeno kraljestvo 22. oktobra 2013 z elektronskim sporočilom, ki ga je Komisija evidentirala isti dan, priglasilo ukrepe v podporo novi jedrski elektrarni Hinkley Point C (v nadaljnjem besedilu: jedrska elektrarna HPC).
The Commission opened a formal investigation on the notified measures on 18 December 2013, on the ground that it had serious doubts as to their compatibility with State aid rules.
Komisija je v zvezi s priglašenimi ukrepi 18. decembra 2013 začela formalni postopek preiskave, ker je imela resne pomisleke o tem, ali so ukrepi združljivi s pravili o državni pomoči.
The Commission called on interested parties to submit their comments.
Komisija je v zvezi s tem prejela pripombe zainteresiranih strani.
The UK sent its comments on the Opening Decision on 31 January 2014.
Posredovala jih je Združenemu kraljestvu in mu dala možnost, da nanje odgovori.
The Commission received comments from interested parties.
Komisija je pripombe Združenega kraljestva prejela 13. junija in 4. julija 2014.
It forwarded them to the UK, which was given the opportunity to react; its comments were received by on 13 June and 4 July 2014.
OPIS UKREPOV
DESCRIPTION OF THE MEASURES
POGODBA NA RAZLIKO
CONTRACT FOR DIFFERENCE
Priglašen ukrep je v prvi vrsti sestavljen iz pogodbe na razliko, ki jedrski elektrarni HPC med obratovanjem zagotavlja stalne prihodke.
The notified measure consists, first of all, of a Contract for Difference (‘CfD’) providing revenue support during the operational phase of HPC.
Združeno kraljestvo je sprva priglasilo naložbeno pogodbo, ki je bila opredeljena kot predhodnica pogodbe na razliko.
The UK had initially notified an Investment Contract, which was defined as an early form of CfD.
Ker so pogajanja med Združenim kraljestvom in podjetjem, ki je bilo v času tega sklepa 100-odstotni lastnik upravičenca, EDF Energy plc (v nadaljnjem besedilu: družba EDF), trajala dlje od pričakovanj, je naložbeno pogodbo v celoti nadomestila pogodba na razliko.
Due to the fact that negotiations went on for longer than anticipated between the UK and the company fully owning the beneficiary at the time of this decision, EDF Energy plc (‘EDF’), the Investment Contract was fully replaced with a CfD.
Družba EDF je britanska podružnica francoskega podjetja za električno energijo Electricité de France.
EDF is the UK subsidiary of the French electricity company Electricité de France.
Upravičenec je NNB Generation Company Limited (v nadaljnjem besedilu: podjetje NNBG), ki ga je v času sklepa v celoti nadzorovala družba EDF.
The beneficiary is NNB Generation Company Limited (‘NNBG’), which at the time of the decision is fully controlled by EDF.
Pogodba na razliko je zasebna pogodba med podjetjem NNBG in nasprotno stranko pogodbe na razliko, Low Carbon Contracts Company Ltd.
The CfD is a private law agreement between NNBG and the CfD Counterparty, Low Carbon Contracts Company Ltd.
Med ministrstvom in delničarji podjetja NNGB bo sklenjena ločena pogodba.
A separate agreement will be signed between the Secretary of State and the shareholders of NNBG.
Ta ločena pogodba bo zajemala le nekaj pogojev transakcije, zlasti pogoje v zvezi z morebitnimi zaustavitvami in mehanizmi delitve dobička.
This separate agreement will only relate to parts of the terms of the transaction, in particular those related to potential shutdown events and gain-share mechanisms.
V skladu s pogodbo na razliko bo podjetje NNBG prejelo prihodke, katerih višina se določi z veleprodajno tržno ceno, po kateri prodaja električno energijo, in razliko v plačilih, ki ustreza razliki med predhodno določeno izvršilno ceno in referenčno ceno iz prejšnjega referenčnega obdobja.
When the RP is lower than the SP, the CfD Counterparty will pay the difference between the SP and the RP, ensuring that NNBG will ultimately receive relatively stable revenues, subject to its selling strategy and the amount of output it produces.
Referenčna cena je tehtano povprečje veleprodajnih cen, ki jo Združeno kraljestvo določi za vse upravljavce, ki imajo sklenjeno pogodbo na razliko.
Conversely, when the RP is higher than the SP, NNBG will be obliged to pay the difference to the CfD Counterparty.
V primeru podjetja NNBG je zadevna referenčna cena referenčna cena trga s pasovno električno energijo, ki velja za vse upravljavce proizvodnje pasovne električne energije [2].
Also in this case, therefore, NNBG will receive relatively stable revenues.
Zlasti se referenčna cena trga s pasovno električno energijo sedaj določa tako, da se uporabijo podatki o dnevni ceni, ki jih sporočata London Energy Brokers Association (LEBA) in borza NASDAQ OMX Commodities, in sicer v zvezi s ceno nakupa električne energije eno sezono (tj. šest mesecev) pred dobavo oziroma ceno za naslednjo sezono [3].
The RP is a weighted average of wholesale prices which the UK sets for all CfD-supported operators.
Referenčna cena trga s pasovno električno energijo se izračuna enkrat v sezoni in neposredno pred vsako sezono, ko se izračuna aritmetična sredina dnevnih cen za naslednjo sezono, objavljenih vsak dan v prejšnji sezoni.
In the case of NNBG, the relevant RP is the Baseload Market RP, which applies to all baseload generation operators.
To povprečje se ponderira, da se zagotovi, da ima obseg, s katerim se trguje na vsak referenčni indeks, sorazmeren učinek.
[2]
Podjetje NNBG bo moralo ohraniti predhodno določeno minimalno raven obratovanja, ni pa zavezano k predhodno določeni ravni proizvodnje.
In particular, the Baseload Market RP is currently set so as to use daily price data reported by the London Energy Broker's Association (LEBA) and the Nasdaq OMX Commodities exchange, in relation to the price for the purchase of electricity one season (i.e. six months) ahead of delivery, or a ‘season-ahead’ price.
Zlasti naj bi elektrarna po pričakovanjih obratovala pri 91-odstotnem faktorju obremenitve.
[3]
Če podjetje NNBG ne bo doseglo tega faktorja obremenitve, bi bilo posledično torej neuspešno pri doseganju ravni prihodkov, ki jih pričakuje od projekta.
The Baseload Market RP is calculated once per season, and immediately prior to each season, when the arithmetic mean of the daily season-ahead prices published each day of the previous season is taken.
Podjetje NNBG bo prejemalo razliko v plačilih na podlagi njegove izmerjene proizvodnje, in sicer do najvišje ravni proizvodnje, ki bo določena v pogodbi na razliko.
This average is weighted in order to ensure that the volume traded on each reference index is given proportionate influence.
Za energijo, proizvedeno nad najvišjo ravnjo proizvodnje, ki jo bo podjetje prodalo na trgu, ne bo prejelo plačil.
NNBG will be obliged to maintain a predetermined minimum level of performance but is not committed to produce a predetermined output level.
Električna energija, ki jo bo proizvedlo podjetje NNBG, se bo prodala na trgu.
In particular, the plant will be expected to operate at 91 per cent load factor.
Splošno delovanje mehanizma pogodbe na razliko
If NNBG does not achieve this load factor, it would implicitly fail to achieve the level of revenues which it is expecting to receive from the project.
Pogodba na razliko se bo sklenila z nasprotno stranko, tj. subjektom, ki ga bodo v skladu z zakonsko obveznostjo financirali vsi pooblaščeni dobavitelji.
NNBG will receive difference payments based on its metered output up to a maximum level of output (‘cap’), which will be set in the CfD.
Sklenitev končne pogodbe je odvisna od končne naložbene odločitve družbe EDF in podjetja NNBG ter od finančnega dogovora (vključno s pogoji jamstva za dolg vlade Združenega kraljestva) in končne odobritve udeleženih strani.
No payments will be made for the output sold on the market above the cap.
V skladu z okvirom pogodbe na razliko so pooblaščeni dobavitelji skupno odgovorni za obveznosti, ki izhajajo iz pogodbe, nasprotna stranka pogodbe pa je odgovorna le, če so pooblaščeni dobavitelji ali vlada Združenega kraljestva nanjo prenesli sredstva.
The electricity produced by NNBG will be sold into the market.
Vsak dobavitelj je odgovoren glede na delež, ki ga ima na trgu, opredeljen z izmerjeno rabo električne energije.
Overall functioning of the CfD mechanism
V skladu s tem okvirom ministrstvo v primeru neizpolnjevanja plačilnih obveznosti imenuje drugo nasprotno stranko, pobira plačila od drugih dobaviteljev ali pa proizvajalcem plača neposredno.
The CfD will be concluded with the CfD Counterparty, i.e. an entity to be funded through a statutory obligation on all of the licensed suppliers collectively.
Nasprotna stranka po eni strani ločeno pooblasti posrednika za poravnavo s pooblastilom za pobiranje prihodkov (tj. pooblastilo za pobiranje plačil od dobaviteljev), po drugi strani pa določi obveznost plačevanja upravljavcem proizvodnje in prejemanja plačil od njih.
Entry into the final contract is dependent on EDF/NNBG's final investment decision, as well as an agreement of the financing arrangements (including the terms of a UK Government debt guarantee), and the parties' final approvals.
Vlada Združenega kraljestva namerava za posrednika za poravnavo imenovati podružnico Elexona (tj. organ, ki v Združenem kraljestvu sedaj deluje kot posrednik za poravnavo in je v 100-odstotni lasti britanskega upravljavca prenosnega omrežja (Transmission System Operator – National Grid)).
Under the CfD framework, licensed suppliers are collectively liable for any obligations arising from the contract, and the Counterparty to the contract is liable only to the extent that funds have been transferred to it from licensed suppliers, or from the UK government.
Nasprotna stranka upravljavca proizvodnje po pogodbi na razliko bo lahko sprejemala odločitve in z diskrecijsko pravico na primer odločila, da upravljavec proizvodnje izpolnjuje svoje obveznosti ali da mora predložiti zavarovanje kot jamstvo za plačila po shemi ali pa bo odstopila od določenih zahtev, odvisno od posebnih tržnih pogojev.
Each supplier would be liable based on its share of the market, defined by metered electricity use.
Vlada Združenega kraljestva namerava zagotoviti nadaljnja navodila o parametrih, ki bi lahko omejili diskrecijsko pravico nasprotne stranke v zvezi z odločitvami o delovanju pogodbe na razliko.
Under this framework, in case of non-compliance with payment obligations, the Secretary of State would designate a different counterparty, collect payments from other suppliers, or pay generators directly.
Slika 1 prikazuje vloge vsakega od posrednikov v delovanju sistema pogodbe na razliko.
Separately, the Counterparty will entrust a Settlement Agent with revenue raising power (i.e. the power of collecting payments from suppliers) on the one hand, and the obligation to make payments to, and receiving payments from, generation operators on the other hand.
Slika 1
The UK Government intends to designate a subsidiary of Elexon (i.e. the body currently acting as settlement agent in the UK, and fully owned by the UK's Transmission System Operator — ‘TSO’ — National Grid) as the Settlement Agent.
Vloge in odgovornosti v delovanju pogodbe na razliko
The Counterparty to the generation operator under the CfD will be enabled to take decisions and exercise discretion, for example by deciding that a generation operator is fulfilling its obligations, or needs to post collateral to guarantee its payments under the scheme, or waive certain requirements, depending on the specific market conditions.
Vir: Organi Združenega kraljestva.
The UK Government intends to provide further guidance on the parameters which might limit the discretion of the Counterparty to take decisions in relation to the CfD operation.
Pogoji pogodbe na razliko
Figure 1 explains what the respective roles are for each of the agents envisaged in the functioning of the CfD system.
Združeno kraljestvo in družba EDF sta se dogovorila o pogojih pogodbe na razliko.
Figure 1
Ti pogoji bodo preneseni v pogodbo v dolgi obliki pred končnim podpisom sporazuma in pred končno naložbeno odločitvijo družbe EDF.
Roles and responsibilities in the operation of the CfD
Veliko dogovorjenih pogojev je enakih pogojem pogodbe na razliko za druge tehnologije, zlasti tehnologije obnovljive energije.
Source: UK authorities.
Ti pogoji so javno dostopni [4].
Terms of the CfD agreement
Drugi pogoji se nanašajo na pogodbe na razliko za jedrsko elektrarno HPC.
These terms will be translated into a long-form contract prior to final signature of the agreement and the Final Investment Decision by EDF.
Datum začetka trajanja pogodbe na razliko je ciljno obdobje začetka obratovanja za vsak reaktor, ki je […] [5] let po dogovorjenem ciljnem datumu začetka obratovanja.
Such terms are public [4].
Skrajni datum zaključka je […] let po zadnjem dnevu ciljnega obdobja začetka obratovanja za drugi reaktor.
Other terms are specific to the CfD for HPC.
Če noben od reaktorjev ne začne obratovati na skrajni datum zaključka ali pred njim, lahko nasprotna stranka pogodbe na razliko prekine.
Under the terms agreed, the SP will be set at GBP 92,50 per MWh in 2012 nominal prices.
Skrajni datum zaključka se lahko podaljša na podlagi višje sile ali težav s povezovanjem.
If an investment decision to build the Sizewell C new nuclear power station is taken, using the same design and allowing for the opportunity to share some costs for the HPC reactors, the SP will be changed to GBP 89,50 per MWh, again in 2012 nominal terms.
Obstajala bosta dva mehanizma delitve dobička.
The SP will be fully indexed to the Consumer Price Index (‘CPI’), as for other CfDs.
Prvi se bo nanašal na gradbene stroške [6] in bo določal naslednje:
The CPI adjustment will be annual with a base date of November 2011.
Prvi […] prihranka pri gradbenih stroških (nominalna vrednost) se bo delil v razmerju 50:50; polovico prihranka dobi nasprotna stranka pogodbe na razliko, polovico pa podjetje NNBG; in
Each year, the SP will be adjusted on the first day of the season with reference to the latest available CPI Index as published by the Office of National Statistics (ONS) for February.
morebiten prihranek pri gradbenih stroških, ki bo presegal […] (nominalna vrednost), se bo delil v razmerju 75: 25; 75 % prihranka dobi nasprotna stranka pogodbe na razliko, 25 % prihranka pa podjetje NNBG.
The duration of the CfD will have as ultimate starting date the Target Commissioning Window for each reactor, which is […] [5] years from the agreed Target Commissioning Date.
Druga ureditev delitve dobička se nanaša na donosnost lastniškega kapitala.
After that date, the term of the CfD will start running regardless of whether or not the plant is operational.
Prvi prag je določen na ravni predvidene notranje stopnje donosa lastniškega kapitala, v času tega sklepa napovedane v zadnjem finančnem modelu [7], ali 11,4 % na podlagi namenskega lastniškega kapitala in izraženo nominalno.
The Longstop Date is the […] anniversary of the last day of the Target Commissioning Window for the second reactor.
Dobiček, ki bi presegal to raven, bi se razdelil po naslednjem ključu: 30 % bi dobila nasprotna stranka pogodbe na razliko, 70 % pa podjetje NNBG.
The Longstop date may be extended for force majeure or connection difficulties.
Dobiček, ki bi presegal ta prag, bi se razdelil po naslednjem ključu: 60 % bi dobila nasprotna stranka pogodbe na razliko, 40 % pa podjetje NNBG.
There will be two ‘gain-share’ mechanisms.
Obstajala bosta dva datuma za ponovna pogajanja o odhodkih iz poslovanja.
The first will be on construction costs [6] and will provide that:
Prvi datum bo 15 let, drugi datum pa 25 let po datumu začetka obratovanja prvega reaktorja.
the first […] of construction gain (nominal value) will be shared on a 50:50 basis with 50 per cent of the gain going to the CfD Counterparty and 50 per cent to NNBG; and
Ponovna pogajanja o odhodkih iz poslovanja obema stranema omogočajo zmanjšanje dolgoročnih stroškovnih tveganj in bodo vodila do sprememb izvršilne cene v obeh smereh.
any construction gain in excess of […] (nominal value) will be shared on a 75:25 basis with 75 per cent of the gain going to the CfD Counterparty and 25 per cent to NNBG.
Mehanizem bo omogočal zvišanje ali znižanje izvršilne cene na podlagi znanih dejanskih stroškov in revidiranih napovedi prihodnjih stroškov za naslednje vrstične postavke stroškov poslovanja, v vsakem primeru v celoti in izključno, kot je potrebno za neprekinjeno delovanje obrata za proizvodnjo:
The second gain-share arrangement is on the rate of return on equity.
ponovno polnjenje jedrskega goriva v postopku priprave;
Two thresholds were set [6] For a detailed description of the commitment please see Annex C. :
zavarovanje;
A first threshold set at the level of forecast equity IRR level produced at the time of this decision by the latest Financial Model [7], or 11,4 per cent on a committed equity basis and in nominal terms.
pristojbine za Urad za jedrsko regulacijo;
Any gain above and beyond this level would be shared by the CfD Counterparty for 30 per cent and by NNBG for 70 per cent.
poslovne obrestne mere;
A second threshold set at the higher between 13,5 per cent in nominal terms or 11,5 in real (CPI-deflated) terms, based on the same model as in point a above.
nekatere dajatve za prenos;
Above this threshold, any gain would be shared by the CfD Counterparty for 60 per cent and by NNBG for 40 per cent.
spremembe stroškov odstranjevanja srednje radioaktivnih odpadkov (SRAO)/izrabljenega goriva zaradi sprememb cene odvoza odpadkov po pogodbi za odvoz odpadkov;
There will be two opex reopener dates.
spremembe v stroških ravnanja z izrabljenim gorivom in njegove razgradnje;
The first will be 15 years after, and the second will be 25 years after, the date of start of the first reactor.
stroški poslovanja in vzdrževanja;
The opex reopeners provide a way of mitigating long-term cost risks for both sides and will lead to changes in the SP in both directions.
stroški prenove in denarnega poslovanja, knjiženi v izkazu poslovnega izida proizvajalca v skladu z MSRP, in vsi nastali investicijski izdatki.
The mechanism would allow for an increase or decrease of the SP on the basis of known actual costs and revised predictions of future costs for the following operational cost line items, in each case wholly and exclusively as required for the continuing operation of the generation facility:
Stroški, povezani z zadevami v zvezi z zasnovo, delovanjem, razen delovanjem po razumnem in preudarnem standardu, razpoložljivostjo ali zmogljivostjo obrata za proizvodnjo, investicijskimi izdatki, ki niso povezani z vzdrževanjem, izdatki za novo strukturo (ki ni znotraj obstoječe zgradbe), financiranjem in določenimi stroški odvoza odpadkov, bodo izključeni iz ponovnih pogajanj.
nuclear fuel front end refuelling;
Revidirane ocene stroškov, uporabljene v ponovnih pogajanjih o odhodkih iz poslovanja, bodo temeljile na poročilu, ki ga pripravi podjetje NNBG in ga odobri nasprotna stranka pogodbe na razliko, ob upoštevanju referenčnih stroškov drugih jedrskih elektrarn, ki uporabljajo tehnologijo evropskega tlačnovodnega reaktorja (v nadaljnjem besedilu: EPR), in drugih jedrskih elektrarn iz Severne Amerike in EU, ki uporabljajo tehnologijo tlačnovodnega reaktorja, ki v vsakem primeru obratujejo po razumnem in preudarnem standardu.
insurance;
Prilagoditev izvršilne cene se bo izračunala s sklicem na zgornjo polovico referenčnih stroškov.
ONR fees;
Izvršilna cena se bo znižala (ali pavšal ali niz letnih plačil nasprotni stranki pogodbe na razliko), da se izkažejo spremembe v znesku davka, ki ga mora podjetje NNBG plačati v okoliščinah v zvezi s financiranjem delničarjev in strukturiranjem davkov podjetja NNBG.
business rates;
V zvezi s tem ne bo dovoljeno zvišanje.
certain transmission charges;
Izvedena bo enkratna in v prihodnost usmerjena prilagoditev izvršilne cene za poslovne obrestne mere po uradni ponovni presoji, ki jo Urad za cenitve izvede po začetku delovanja obrata.
changes to the costs of Intermediate Level Waste (ILW)/spent fuel disposal due to changes to the waste transfer price under the waste transfer contract;
Naknadne spremembe poslovnih obrestnih mer bodo izvedene med ponovnimi pogajanji o odhodkih iz poslovanja.
changes in spent fuel management and decommissioning costs;
Poleg informacij, predvidenih v splošnih standardnih pogojih pogodbe na razliko, bo podjetje NNBG moralo predložiti še nekatera jamstva v zvezi z informacijami, vsebovanimi v podatkih in modelih, predloženih vladi Združenega kraljestva v zvezi s stroški projekta.
operation and Maintenance costs;
V pogodbi bo določena uporaba dogovorjenega finančnega modela za določitev različnih izvršilnih cen in drugih prilagoditev v skladu s pogoji pogodbe.
refurbishments and cash operating costs expensed through the Generator's income statement in accordance with IFRS and all capital expenditure incurred.
Podjetje NNBG bo zaščiteno in bo lahko izterjalo določene stroške za kvalificirane spremembe zakonodaje (Qualifying Changes in Law – „QCIL“).
Any costs relating to matters related to the design, operation other than to a reasonable and prudent standard, availability or capacity of the generation facility, non-maintenance capital expenditure, expenditure on a new structure (not within an existing building), financing, and certain waste transfer costs will be excluded from the reopeners.
QCIL je diskriminatorna sprememba zakonodaje, specifična sprememba zakonodaje, specifična davčna sprememba zakonodaje, druga sprememba zakonodaje ali sprememba pravne podlage, v nobenem primeru pa sprememba ni predvidljiva.
The revised cost estimates used in the opex reopeners will be based on a report prepared by NNBG and agreed by the CfD Counterparty, taking into account benchmark costs taken from other nuclear power stations using EPR technology and other nuclear power stations using pressurised water reactor technology in North America and the EU in each case operating to a reasonable and prudent standard.
Diskriminatorna sprememba zakonodaje je sprememba zakona, katerega pogoji se posebej (in ne le posredno ali posledično ali zaradi nesorazmernega učinka katere koli spremembe zakona, ki je v splošni uporabi) nanašajo na projekt, obrat za proizvodnjo ali podjetje NNBG, ne pa drugače.
The SP adjustment will be calculated by reference to the top half of the benchmark costs.
Specifična sprememba zakonodaje je sprememba zakona, katerega pogoji se posebej (in ne le posredno ali posledično ali zaradi nesorazmernega učinka katere koli spremembe zakona, ki je v splošni uporabi) nanašajo na jedrske elektrarne ali obrate za proizvodnjo, ki so predmet pogodbe na razliko.
The SP will be reduced (or a lump sum or series of annual payments made to the CfD Counterparty) to reflect changes in the amount of tax payable by NNBG in circumstances relating to the shareholder funding and tax structuring of NNBG.
Specifična sprememba zakonodaje je (i) sprememba davka na uran ali nov davek na uran ali (ii) sprememba zakona ali prakse Urada za carine in trošarine Združenega kraljestva, zaradi česar je davčna obravnava podjetja NNBG manj ugodna v primerjavi s posebnimi davčnimi potrdili Urada za carine in trošarine Združenega kraljestva.