natgillin/translations-raw huggingface dataset:
The Commission raised an additional preliminary concern that EDF Energy might be in a better position to increase its share of specific segments, such as energy intensive users.
Komisija ugotavlja, da so na splošno možnosti za izkrivljanja konkurence na podlagi premislekov iz oddelkov 9.6.1, 9.6.2, 9.6.3, 9.6.4 in 9.6.5 ter ob upoštevanju zavez, ki jih je predložila družba EDF, omejene.
The Commission assessed the evidence produced by EDF in terms of capacity supplied in the post-aid scenario.
Komisija je po temeljiti presoji in ob upoštevanju zavez, ki jih je predložila družba EDF, ugotovila, da so izkrivljanja konkurence zaradi zagona jedrske elektrarne HPC omejena na najmanjša potrebna, izravnavajo pa jih pozitivni učinki ukrepov.
EDF already has a net generation of 22,9 TWh in 2013, i.e. the difference between the amount generated through own assets and the amount sold through its retail operations.
Združeno kraljestvo se je glede skladnosti s členoma 30 in 110 PDEU zavezalo, da bo, dokler pogodba na razliko ne bo na voljo proizvajalcem električne energije iz držav izven Velike Britanije, prilagodilo način izračuna obveznosti električnih dobaviteljev glede plačil na podlagi pogodbe na razliko, da se upravičena jedrska energija, proizvedena v drugih državah članicah EU, s katero se oskrbujejo odjemalci v Veliki Britaniji, ne bo štela k tržnim deležem dobaviteljev.
It estimates that in 2020 it will have a […] TWh net generation position and in 2025 a […] TWh net generation position with HPC.
Združeno kraljestvo bo to izjemo odpravilo, ko bodo proizvajalci iz držav razen Velike Britanije lahko zaprosili za pogodbe na razliko.
The Commission therefore concludes that hedging costs are not likely to change as a result of the aid.
SKLEPNA UGOTOVITEV
Moreover, the supply of electricity to non-domestic customers, including energy intensive users, can be considered competitive.
Komisija na podlagi izvedene ocene in ob upoštevanju posebnih okoliščin tega primera meni, da sveženj ukrepov, ki jih je priglasilo Združeno kraljestvo, vključuje državno pomoč, ki je, kakor je bila spremenjena s predloženimi zavezami, združljiva z notranjim trgom v skladu s členom 107(3)(c) PDEU.
EDF's share is less than 25 per cent of the market, despite the high baseload generation capacity that it currently holds.
Komisija ugotavlja, da so ji bili v oceno predloženi glavni pogoji o financiranju, ki so bili do sprejetja tega sklepa dogovorjeni glede financiranja projekta jedrske elektrarne HPC.
In its recent referral to the Competition and Markets Authority for a full investigation of the electricity markets, Ofgem [74] notably excluded the non-domestic sector on the grounds that the sector could be considered broadly competitive [75].
Ker Komisija tega ni mogla preveriti, bodo morali organi Združenega kraljestva končne dokumente, če bodo ti kakor koli spremenili ukrep, kakor je bil predložen Komisiji, slednji priglasiti.
In spite of the uncertainties inherent to predicting strategies and market outcomes over a relatively long time horizon, namely until the time HPC will be running, the Commission considers these arguments sufficiently sound to dispel its concerns as regards this particular type of potential distortion of competition.
Vendar, če končni dokumenti o financiranju vsebujejo dodatne elemente državne pomoči, jih rebus stantibus ni mogoče odobriti, saj ta sveženj državnih ukrepov pomeni vso pomoč, ki je potrebna za izvedbo projekta jedrske elektrarne HPC –
Potential reductions in wholesale market liquidity
SPREJELA NASLEDNJI SKLEP:
The mere fact of being able to access additional own electricity may result in a negative impact on wholesale market liquidity levels, which are in turn likely to negatively impact on independent suppliers.
Člen 1
While this does not automatically imply that vertical integration leads to less liquid markets or foreclosure, it does imply that where most of generation capacity is owned by suppliers, markets can become increasingly less liquid.
Pomoč jedrski elektrarni Hinkley Point C v obliki pogodbe na razliko, dogovora z ministrstvom in kreditnega jamstva je skupaj z vsemi povezanimi elementi, ki jih Združeno kraljestvo namerava izvesti, združljiva z notranjim trgom v smislu člena 107(3)(c) Pogodbe o delovanju Evropske unije.
The Commission had some preliminary concerns as to whether having increased access to own generation may translate into a decreased need for EDF to access forward markets to obtain capacity.
Izvajanje te pomoči se zato odobri.
The extent to which EDF would need to trade post-aid would be offset by its ability to access HPC-produces generation.
Člen 2
In reply to Commission's questions regarding the potential impact that HPC may have on market liquidity, EDF responded that it would have neither incentives nor the ability to reduce it.
Ta sklep je naslovljen na Združeno kraljestvo Velike Britanije in Severne Irske.
EDF Energy claims that its supply business is wholly independent of the building or otherwise of HPC [76].
V Bruslju, 8. oktobra 2014
As explained in the previous section, the policy of the EDF generation and supply business is to reduce market price risk.
Za Komisijo
There is no policy to systematically supply internally as this is not the best way to reduce market price risk.
Podpredsednik
On the contrary, the best way to reduce market price risk is to buy and sell in the market (or at a market price).
Proizvodnja pasovne električne energije je značilna za elektrarne, katerih raven proizvodnje je stalna, zato so zmožne vedno zadostiti osnovnemu povpraševanju.
EDF Energy explained further that it does not operate its business in a manner aimed at netting off volumes between supply and generation.
Jedrske elektrarne so proizvajalke pasovne električne energije, zanje pa so značilni tudi precej nizki variabilni stroški, zato se običajno nahajajo na vrhu krivulje ponudbe.
EDF does not even specifically identify trades which are transferred between its generation and supply businesses without being routed through the market.
Enačba, ki se uporablja v okviru pogodbe na razliko, je:di1ej1BPi,jBQi,jej1BQi,j1Nd(d) je število dni trgovanja v prejšnji sezoni, (e) je število virov, (BP) je cena na vsak dan za vsak vir, (BQ) pa je obseg na vsak dan za vsak vir.
In support of the claim that the extent of internal netting is limited, EDF presented figures on its traded volumes and churn amounts [77].
Na voljo na spletnem naslovu: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/267649/Generic_CfD_-_Terms_and_Conditions__518596495_171_.pdf.
In order to enhance the liquidity of a range of market segments, Ofgem has introduced a mandatory ‘market making’ obligation into the licences of the largest six energy suppliers in the UK, including EDF Energy.
Glej sliko 43, Ofgem – Stanje ocene trga, 27. marec 2014.
The requirement is to post bid and offer prices in the market, with the aim of supporting price discovery and ensuring regular opportunities to trade.
[80] Za podroben opis zaveze glej Prilogo C.
The Commission assessed the degree to which the measure might be likely to result in lower liquidity in wholesale markets.
Zlasti model HPC IUK […].
It noted that EDF Energy's ratio of traded volume compared to its generated volume has been steadily decreasing from a churn ratio (traded volume/generation) of 3 in 2010 to a churn ratio of 2 in 2014.
Zavarovanje se nanaša na začetnih 16 milijard GBP dolga in nadaljnjo milijardo GBP dolga, povezanega s prilagoditvijo Sizewell C po pogodbi na razliko (v nadaljnjem besedilu: obveznica SZC).
Moreover, this ration is the lowest amongst the main six vertically integrated energy producers in the UK [78].
Pogoj iz osnovnega scenarija je, da je na voljo dovolj dokazov, da je jedrska elektrarna Flamanville 3 zaključila obdobje poskusnega obratovanja in da so bile zahteve poroka v zvezi z uspešnostjo v tem obdobju izpolnjene.
The Commission notes that Ofgem's regulatory ‘market making’ obligations might limit the extent to which vertically integrated suppliers could willingly or unwillingly engage in strategies which result in lower liquidity levels.
Porok lahko rok za izpolnitev pogoja iz osnovnega scenarija pomakne v prihodnost s povečanjem zneska osnovnega lastniškega kapitala in zagotovitvijo, da ima tako povečanje koristi od potrebne kreditne podpore.
However it is unclear to the Commission the extent to which such obligations are likely to stay in place, or indeed to what extent they may prevent the netting off of internal positions (i.e. using own generation assets to serve own customers).
Datum za izpolnitev pogoja iz osnovnega scenarija je lahko najpozneje 31. december 2020.
The Commission therefore requested further safeguards, in order to fully dispel any concern in relation to potential detriment to market liquidity in a post-aid scenario.
Pogoj ob neizpolnjevanju FFS je:(a) […];(b) […]; in(c) […].
In particular, EDF agreed to increase the transparency in a way in which it will trade and sell electricity in the market, thus reducing the extent to which it may unduly improve its profitability and impact negatively on liquidity.
Fiksno zavarovanje se takoj po odobritvi nanaša na zadevna opredeljena in posebna sredstva, hipotečni dolžnik pa brez soglasja upravičenca zavarovanega sredstva ne sme prodati ali z njim kako drugače razpolagati.
As sole supplier of market services to NNBG for the HPC forecast output, EDF has committed [79] to the following:
Flotantno zavarovanje se odobri za spremenljive vrste sredstev, sedanje in prihodnje, ki pripadajo hipotečnemu dolžniku.
Record trades for HPC forecast output in a separate NNBG book;
Pravice iz zavarovanja, ki upravičencu dajejo pravico do zavarovanih sredstev.
Price trades for HPC forecast output conducted with EDF at the market price for the product concerned at the time of trading;
To je oblika pravice iz zavarovanja, ki upravičencu ne daje lastniških pravic in pravice do posesti.
Undertake at market price all HPC forecast output bilateral trades with any other asset portfolios owned by or traded by EDF; and
Tako zavarovanje je obremenitev zavarovanih sredstev, ki upravičencu daje pravico do uporabe sredstev za namene uresničitve plačila zavarovanega dolga.
Provide a report to the CfD Counterparty and the European Commission on a yearly basis to evidence compliance with the above commitments.
Upravičencu daje pravično lastninsko pravico do sredstev; upravičenec ima pravico, da si prilasti sredstva in iztržek od prodaje uporabi za poravnavo zavarovanega dolga.
Conclusion on competition distortions
Flotantno zavarovanje za vsa ali večino sredstev podjetja, ki imetniku takega zavarovanja omogoča, da imenuje skrbnika ali stečajnega upravitelja, in ki šteje za kvalificirano flotantno zavarovanje za namene Zakona o plačilni nesposobnosti iz leta 1986 (Insolvency Act).
The Commission concludes that overall the potential for distortions of competition are limited, based on the consideration in Sections 9.6.1, 9.6.2, 9.6.3, 9.6.4 and 9.6.5 above, and taking into account the commitments offered by EDF.
Zavarovane strani so porok, izdajatelj, ministrstvo za energijo in podnebne spremembe in Nuclear Decommissioning Fund Company Limited.
After a thorough balancing and taking into account the commitments offered by EDF, the Commission reached the conclusion that competition distortions resulting from the commissioning of HPC are kept to the minimum necessary and are offset by the positive effects of the measures.
Ministrstvo za energijo in podnebne spremembe ter Nuclear Decommissioning Fund Company Limited v zvezi z ureditvami za razgradnjo elektrarne Hinkley Point C.
In respect of compliance with Article 30 and 110 TFEU, the UK has committed that it will, for so long as the CfD is not open to electricity generators located outside of Great Britain, adjust the way in which electricity suppliers' liabilities for CfD payments are calculated so that eligible nuclear electricity generated in EU Member States outside Great Britain and supplied to customers in Great Britain is not counted towards suppliers' markets shares.
Proizvodni strošek električne energije je merilo za stroške proizvodnje električne energije z več različnimi tehnologijami, namen pa je omogočanje primerjave teh stroškov, ob upoštevanju več predpostavk.
The UK will remove this exemption once non-GB generators are eligible to apply for CfDs.
Leveque F in Robertson A, Future Electricity Series Part 3: Power from Nuclear, Carbon Connect, Policy Connect, London, 2014.
CONCLUSION
[20]
Based on the assessment conducted and in light of the specific circumstances of this case, the Commission finds that the package of measures notified by the UK involves State aid which, as amended by the commitments provided, is compatible with the internal market pursuant to Article 107(3)(c) TFEU.
Obvestilo Komisije o uporabi členov 87 in 88 Pogodbe ES za državno pomoč v obliki poroštev (UL C 155, 20.6.2008, str. 10).
The Commission notes that it has been provided, for assessment, with the financing head of terms agreed to date as regards the project financing of HPC.
Zadeva T-17/02, Fred Olsen proti Komisiji, ZOdl.
As the Commission did not have the opportunity to verify this, in case the final documents amend the measure as currently presented to the Commission in any respect, they will have to be notified by the United Kingdom authorities to the Commission.
2005, str.
However, if the final financing documents contain further State aid elements then, rebus stantibus, they cannot be approved since the present package of State measures represents all the aid that is necessary to allow the HPC investment project to be undertaken,
II-2031, točka 216, in zadeva T-289/03, BUPA in drugi proti Komisiji, ZOdl.
Aid to Hinkley Point C in the form of a Contract for Difference, the Secretary of State Agreement and a Credit Guarantee, as well as all related elements, which the UK is planning to implement, is compatible with the internal market within the meaning of Article 107(3)(c) of the Treaty on the Functioning of the European Union.
Direktiva 2004/17/ES Evropskega parlamenta in Sveta z dne 31. marca 2004 o usklajevanju postopkov za oddajo javnih naročil naročnikov v vodnem, energetskem in transportnem sektorju ter sektorju poštnih storitev (UL L 134, 30.4.2004, str. 1).
Implementation of the aid is accordingly authorised.
Glej Odločbo Komisije z dne 30. oktobra 2001, Državna pomoč št.
Article 2
N 6/A/2001 – Irska, C(2001) 3265 final, točka 56.
This Decision is addressed to the United Kingdom of Great Britain and Northern Ireland.
Plinske turbine s kombiniranim ciklom ali CCGT so sodobna tehnologija za proizvajanje energije.
Done at Brussels, 8 October 2014.
COM(2011) 885 final, Energetski načrt za leto 2050, str. 6.
For the Commission
Compass Lexecon, Ekonomska analiza pogodbe na razliko za jedrsko elektrarno Hinkley Point C (Economic analysis of the Contract for Difference for Hinkley Point C), 14. april 2014.
Vice-president
[30]
Baseload generation is typical of plants which have the ability to produce output continuously, and can therefore be relied upon to address the core of demand at any point in time.
[32]
Nuclear plants are baseload generators and are also characterised by a relatively low variable cost, hence they typically occupy the initial positions in the supply curve.
Sporočilo Komisije o uporabi pravil Evropske unije o državni pomoči za nadomestilo, dodeljeno za opravljanje storitev splošnega gospodarskega pomena (2012/C 8/02) (UL C 8, 11.1.2012, str.
The formula employed within the CfD is as follows:di1ej1BPi,jBQi,jej1BQi,j1Ndwhere (d) is the number of trading days over the prior season, (e) is the number of sources, (BP) is the price on each day for each source, and (BQ) is the volume on each day for each source.
4).
Available at the following address: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/267649/Generic_CfD_-_Terms_and_Conditions__518596495_171_.pdf
Zadeva T-289/03, BUPA proti Komisiji, ZOdl.
Business Secret.
2008, str.
For a detailed description of the commitment please see Annex C.
II-81, točka 165.
In particular, HPC IUK Model […].
Zadeva T-17/02, Olsen proti Komisiji, točka 216; potrjeno v zadevi C-320/05 P, Olsen proti Komisiji.
The issuance relates to an initial 16 billion pounds of debt and a further 1 billion pounds of debt related to the Sizewell C Adjustment under the CfD (the ‘SZC Bond’).
Glej SA.36196, SA.38812, SA.38763, SA.38761, SA.38759 in SA.38758.
The Base Case Condition is that satisfactory evidence has been provided that Flamanville 3 has completed the trial operation period and that the requirements of the Guarantor in respect of performance during such period have been met.
Sporočilo o nadomestilu za SSGP, točka 51.
The Guarantor has the option to extend the date for meeting the Base Case Condition into the future by increasing the amount of Base Equity and procuring that such increase benefits from the required credit support.
Zadeva 76/78, Steinike in Weinlig proti Nemčiji, Recueil 1977, str. 595, točka 21; zadeva C-379/98, PreussenElektra, Recueil 2001, str.
The Base Case Condition date cannot fall later than 31 December 2020.
I-2099, točka 58.
The FFS Failure Condition is that:(a) […];(b) […]; and(c) […].
Zadeva C-677/11, Doux Elevage, še neobjavljena v ZOdl., točka 34, zadeva T-139/09, Francija proti Komisiji, še neobjavljena v ZOdl., točka 36.
Instead, a charge is an encumbrance over the secured asset which gives the beneficiary the right to resort to the asset in order to realise it towards payment of the secured debt.
Zlasti je bila vprašljiva združljivost s pravili iz direktiv 2004/17/ES in 2004/18/ES.
It confers on the beneficiary an equitable proprietary interest in the asset, giving the beneficiary the right to appropriate the asset and have the proceeds of sale applied in satisfaction of the secured debt.
[43]
A floating charge over all (or substantially all) of the assets of a company and which empowers the holder of such charge to appoint an administrator or an administrative receiver and which is stated to be a qualifying floating charge for the purposes of the Insolvency Act of 1986.
Ministrstvo za energijo in podnebne spremembe, Planning our electric future (Načrtovanje naše prihodnosti na področju električne energije), december 2011.
The secured parties are the Guarantor, the issuer and the Secretary of State for Energy and Climate Change and the Nuclear Decommissioning Fund Company Limited.
Glej sporočilo za javnost na naslednjem spletnem naslovu: http://europa.eu/rapid/press-release_IP-14-865_en.htm.
The Secretary of State for Energy and Climate Change and The Nuclear Decommissioning Fund Company Limited in relation to the arrangements in respect of decommissioning Hinkley Point C.
[49]
Leveque F and Robertson A, Future Electricity Series Part 3: Power from Nuclear, Carbon Connect, Policy Connect, London, 2014.
Model ministrstva za energijo in podnebne spremembe za dinamično distribucijo je celosten model trga z električno energijo, ki srednje- in dolgoročno pokriva trg z električno energijo v Veliki Britaniji.
Commission Notice on the application of Articles 87 and 88 of the EC Treaty to State aid in the form of guarantees (OJ C 155, 20.6.2008, p.
Na podlagi ocene povpraševanja po električni energiji in njene ponudbe v polurnih razmikih prikazuje distribucijo električne energije iz elektrarn v Veliki Britaniji in naložbe v proizvodno zmogljivost v obdobju od leta 2010 do leta 2049.
10).
Naložbe temeljijo na načrtovanem prihodku in denarnem toku, ki omogočata učinke politike in spremembo mešanice virov za proizvodnjo energije.
Case T-17/02 Fred Olsen v Commission [2005] ECR II-2031, paragraph 216 and Case T-289/03 BUPA and others v Commission [2008] ECR II-81, paragraphs 166 and 220.
Kot je razvidno iz odgovorov finančnega ministrstva Združenega kraljestva z dne 19. septembra 2014, je verjetnost 1,5-odstotnega zvišanja z 20–30-letno zapadlostjo obveznic približno 17–20-odstotna.
1).
Različica 21.10 (z dne 29. avgusta 2014) kaže […]-odstotno notranjo stopnjo donosnosti projekta ter […]-odstotno notranjo stopnjo donosnosti lastniškega kapitala (po obdavčitvi, nominalno) na podlagi črpanja in […]-odstotno na podlagi dodeljenih sredstev.
Directive 2004/18/EC of the European Parliament and of the Council of 31 March 2004 on the coordination of procedures for the award of public works contracts, public supply contracts and public service contracts (OJ L 134, 30.4.2004, p.
Različica modela 21.10 za jedrsko elektrarno HPC, ki jo je oddelek IUK Komisiji predložil 19. septembra 2014.
Combined Cycle Gas Turbines, or CCGT, is a modern energy generation gas technology.
Glej na primer zadevo SA.31107 (11/N), v kateri se je za sprejemljivo štela 9,6–11-odstotna stopnja donosa kapitala.
Compass Lexecon, Economic analysis of the Contract for Difference for Hinkley Point C, 14 April 2014.
Različica modela v[21.10] (Beta)_2014-09-19_DECC.xlsm za jedrsko elektrarno HPC, ki jo je predložil oddelek IUK, delovni list „DECC Output“.
Case C-280/00, Altmark Trans GmbH and Regierungspräsidium Magdeburg v Nahverkehrsgesellschaft Altmark GmbH, paragraphs 87 to 93.
Ti podatki so bili izračunani v času priprave tega sklepa, in sicer s finančnim modelom 21.10, kot ga je Komisija prejela 19. septembra 2014.
[30] Case C-280/00, Altmark Trans GmbH and Regierungspräsidium Magdeburg v Nahverkehrsgesellschaft Altmark GmbH, paragraphs 87 to 93.
Zato se bo dobiček po koncu veljavnosti pogodbe na razliko delil neposredno med nasprotno stranko pogodbe na razliko in podjetjem NNBG.
Communication from the Commission on the application of the European Union State aid rules to compensation granted for the provision of services of general economic interest (2012/C 8/02) (OJ C 8, 11.1.2012, p.
Komisija je analizo izvedla ob upoštevanju modela ministrstva za energijo in podnebne spremembe ter modeliranja svetovalnega podjetja Pöyry.
4).
Priloga 8 odgovora vlade Združenega kraljestva na sklep Komisije o začetku postopka, 31. januar 2014.
Case T-289/03, BUPA v Commission [2008] ECR II-81, paragraph 165.
Usklajevanje datumov dobave in trgovanja je bilo izvedeno z uporabo koledarja EFA na spletni strani https://www.theice.com/publicdocs/EFA_Calendar.pdf, z dne 13. junija 2014.
T-17/02, Olsen v Commission, paragraph 216; confirmed in C-320/05P Olsen v Commission.
Predložitev svetovalnega podjetja Compass Lexecon, „Analysis of the impact of HPC on the potential for capacity withholding“ ( „Analiza učinka jedrske elektrarne na možnost zadrževanja zmogljivosti“), 4. avgust 2014.
See SA.36196, SA.38812, SA.38763, SA.38761, SA.38759 and SA.38758.
Glej odgovor družbe EDF/podjetja NNBG na vprašanja o morebitnem učinku na likvidnost trga, 8. september 2014.
SGEI Communication, point 51.
PRILOGA A
Case 76/78 Steinike & Weinlig v Germany [1977] ECR 595, paragraph 21; Case C-379/98 PreussenElektra [2001] ECR I-2099, paragraph 58.
STOPNJA DONOSA NA PODLAGI POGODBE NA RAZLIKO
Case C-677/11 Doux Elevage, not yet published, paragraph 34, Case T-139/09 France v Commission, not yet published, paragraph 36.
Preglednica 3
DECC, Planning our electric future, December 2011.
Preglednica 4
See in particular Annex B. Available at the following address: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/48253/3884-planning-electric-future-technical-update.pdf
Povzetek pristopov svetovalnega podjetja KPMG k analizi ustrezne stopnje donosa
DECC, Annex A: Feed-in Tariff with Contracts for Difference Operational Framework, 29 November 2012.
Vir: Priglasitev, preglednica 5, na podlagi podatkov svetovalnega podjetja KPMG.
Documents available at the following addresses: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/66554/7077-electricity-market-reform-annex-a.pdf and http://services.parliament.uk/bills/2012-13/energy.html
Pristop
See document available at the following address: https://www.gov.uk/government/publications/purchase-of-horizon-nuclear-power-meetings-between-ond-and-hitachi-ltd-foi-request-12-1718
Razpon donosov (notranja stopnja donosnosti projekta; po obdavčitvi, nominalno)
See for example the Commission Decision 2005/407/ EC of 22 September 2004 on the State aid which the United Kingdom is planning to implement for British Energy plc (OJ L 142, 6.6.2005, p.
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