natgillin/translations-raw huggingface dataset:
The UK authorities consider that the measure is proportionate and that the CfD mechanism automatically minimises the level of State support since the difference payment is only paid when the market RP is below the SP and a reverse payment is made when the market RP is above the SP.
Organi Združenega kraljestva navajajo, da vsaki pogodbi na razliko ne nameravajo priložiti dogovora z ministrstvom, saj je to treba obravnavati za vsak primer posebej.
The CfD will contain a number of safeguards against over-compensation.
Vendar pa navajajo, da bi utemeljitev za neposredni dogovor lahko veljala tudi za druge projekte in tudi za druge tehnologije, še posebej, ko so ti obsežnejši in sporni in/ali zanje veljajo podobne ureditve v zvezi z razgradnjo.
With reference to the fourth Altmark condition, the UK authorities consider that this criterion is designed to ensure that the compensation granted for the provision of an SGEI corresponds to what would be normal market consideration for such a service.
Po navedbah organov Združenega kraljestva bi bile odškodnine dejansko namenjene vrnitvi vlagateljev NNBG na prvotni položaj, zato se jih ne bi smelo šteti za državno pomoč.
Supposedly, in the case at hand, the lack of an existing adequate benchmark should not render the fourth Altmark condition incapable of application.
Organi Združenega kraljestva nadalje navajajo, da je ukrep, če vsebuje državno pomoč, združljiv z notranjim trgom v skladu z okvirom EU za storitve splošnega gospodarskega pomena.
The Commission should, allegedly, assess the existence of an advantage by reference to the objective and verifiable elements which are available in this case.
Naložba v jedrsko elektrarno nove generacije, ki bo zgrajena in delujoča v določenem časovnem okviru, in njeno obratovanje v okviru naložbene pogodbe za razliko v plačilih za obdobje 35 let domnevno pomenita SSGP.
The UK authorities consider that the Cost Discovery and Verification work that has been carried out by external advisers in order to ensure that NNBG's cost estimates for providing the SGEI are reasonable should suffice for the fourth Altmark condition to be considered met.
Ureditve pogodbe na razliko imajo vse potrebne elemente za akt o pooblastitvi ter določajo zadevne obveznosti javne storitve in ravni odškodnine.
As regards the Credit Guarantee it is the opinion of the UK authorities that it will not confer an advantage on an undertaking since it will be offered on commercial terms in accordance with the market economy investor principle (‘MEIP’).
Ker je obdobje pooblastitve, ki traja 35 let (kar je obdobje razlike v plačilih), krajše od obdobja amortizacije elektrarne HPC, ki traja 60 let, je trajanje obdobja pooblastitve na podlagi zadevne SSGP domnevno upravičeno.
The UK Government considers the Credit Guarantee and the terms of the CfD serve different purposes.
V zvezi z zahtevami za javno naročanje vlada Združenega kraljestva trdi, da bi Komisija morala domnevati, da je bil postopek izbire in pogajanj pravilen, razen če preiskava pokaže, da so bile v postopku napake.
The purpose of the CfD would be to provide a long term contractual arrangement to reduce uncertainty in wholesale market prices subject to the performance of the underlying asset.
Združeno kraljestvo meni, da pravila o javnem naročanju v Direktivi 2004/17/ES Evropskega parlamenta in Sveta [24] ali Direktivi 2004/18/ES Evropskega parlamenta in Sveta [25] za oddajo javnih naročil gradenj, blaga in storitev ne bi veljala za zadevni ukrep, saj pri njem ne gre za javno naročilo blaga, gradenj ali storitev za vlado Združenega kraljestva ali državnega organa v smislu navedenih direktiv.
The Credit Guarantee, as with commercial Credit Guarantees from financial insurers, would facilitate wider access to the long-term debt capital markets.
Iz istih razlogov vlada Združenega kraljestva meni, da za priglašeni ukrep ne bi veljal člen 8 direktive o električni energiji.
The pricing and approval of the Credit Guarantee critically depends on the risk within the whole underlying project including the terms of the CfD.
Kljub temu pa organi Združenega kraljestva navajajo, da so postopki, ki jih je vlada Združenega kraljestva do sedaj upoštevala pri opredelitvi primernih vlagateljev po programu EMR, temeljili na jasnem, preglednem in nediskriminatornem okviru, ki je enak preglednemu in nediskriminatornemu postopku javnega razpisa.
However, the reverse would not be true: the presence of a guarantee reallocates the risk profile between debt investors and the guarantor rather than altering the project risk profile.
Podrobne pogoje pogodbe, podobne pogodbi za elektrarno HPC, je treba individualno izpogajati, da se kažejo značilnosti specifične naložbe.
The UK Government does not consider that the project company would receive any additional support from the combination of a CfD and a Credit Guarantee.
Kar zadeva diskriminacijo, če naj bi vlada Združenega kraljestva enako SSGP za nove proizvodne zmogljivosti za jedrsko energijo naložila drugemu podjetju, bi zagotovila, da bi se pri izračunu referenčne in izvršilne cene uporabila ista metodologija.
As regards the Secretary of State agreement on compensation for political shut down, the UK claims that all CfDs will include provisions on compensation for the investors in the case of a ‘qualifying shutdown event’, for example a change in law that permanently shuts down the whole facility (depending on the technology) or a refusal by the UK Government to consent to any restart of the facility after a specified period after shutdown.
Vendar pa se lahko pogoji vsake naložbene pogodbe razlikujejo zaradi edinstvenih značilnosti produkta.
The direct agreement between the Secretary of State and NNBG's investors is an additional and separate agreement intended to function as a back stop to the qualifying shutdown event provisions.
Take možne razlike bi bile objektivne in ne bi pomenile diskriminacije.
The agreement ensures that if, following a political shutdown, the Counterparty Body was to default on compensatory payments to NNBG's investors, the Secretary of State would pay the agreed compensation to the investors.
V zvezi z zahtevami glede odškodnine organi Združenega kraljestva navajajo, da je bila izvršilna cena izračunana na podlagi predvidenih stroškov izgradnje in obratovanja za podjetje NNBG, vključno z nezagotovljenim primernim dobičkom, pri čemer so bili stroški podjetja NNBG dokazani in neodvisno preverjeni.
It does not provide for additional compensatory payments to NNBG or its investors.
Organi Združenega kraljestva menijo, da v zvezi z ukrepom niso potrebne dodatne zahteve, saj ne spada v nobenega od primerov, ki jih določa okvir SSGP, domnevno pa tudi ni razlogov za sklepanje, da bo ukrep občutno izkrivljal konkurenco na notranjem trgu ali v tolikšnem obsegu prizadel trgovino med državami članicami.
The UK authorities further argue that the agreement was necessary as nuclear energy bears special risks in regard to political shutdown.
Kolikor je znano, v konkurenci s SSGP ni podobnih storitev, niti se ne pričakuje, da bo podobne storitve zasebni sektor zagotavljal v bližnji prihodnosti.
The UK authorities claim that it is not their intention for every CfD Agreement to be accompanied by a Secretary of State agreement as this should be addressed on a case by case basis for each project.
Komisija je v prejšnjem sklepu priznala, da javna podpora za sektor električne energije v geografsko izolirani državi (Irska), ki ima omejene povezovalne vode z drugimi energetskimi omrežji, omejeno vpliva na trgovino in ni v nasprotju z interesom Skupnosti [26].
However, they allege that, it is possible that the rationale for a direct agreement might apply to other projects, including to other technologies – specifically where they are particularly large, controversial; and/or have similar arrangements relating to decommissioning.
Enako naj bi veljalo za sektor električne energije v Združenem kraljestvu.
According to the UK authorities, the compensation payments would be effectively intended to reinstate NNBG's investors to their initial position and should not be regarded as State aid.
Dodatne pripombe organov Združenega kraljestva:
The UK authorities further claim that if the measure does involve State aid it would be compatible with the internal market under the SGEI Framework.
Organi Združenega kraljestva so v svojem odgovoru večkrat jasno navedli, da je cilj ukrepa spodbuditi ali sprostiti naložbe v nizkoogljično proizvodnjo, zlasti v nove jedrske elektrarne.
Allegedly, the investment in new generation nuclear capacity to be delivered and operated within a specified time-frame and its operation within the framework of the Investment Contract for a difference payment period of 35 years constitutes an SGEI.
Pogodba na razliko za HPC je bila oblikovana za čim bolj učinkovito odpravljanje ovir projekta, vključno z nekaterimi zaščitami pred določenimi tveganji, predvsem glede negotovosti prihodnjih cen električne energije.
Moreover, the CfD arrangements have the necessary elements for an entrustment act and set out the relevant public service obligations and the compensation levels.
Obstaja veliko možnosti, da bodo stroški podjetja NNBG višji od pričakovanih ali da bodo njegovi prihodki nižji od pričakovanj (na primer, če elektrarna ne doseže načrtovanih ravni proizvodnje ali če so realizirane prodajne cene električne energije nižje od tržne referenčne cene).
Allegedly, as the entrustment period of 35 years (representing the difference payment period) is shorter than the full period of depreciation for HPC of 60 years, the duration of the entrustment period is justified given the SGEI in question.
Podjetje NNBG bo električno energijo lahko prodajalo na trgu na kraju samem ali na podlagi pogodbe.
As regards public procurement requirements, UK Government argues that the Commission ought to assume regularity in the selection and negotiation process unless the investigation shows that the process was flawed.
Podjetja NNBG nobena zahteva ne obvezuje, da mora prodajati le na kraju samem.
The UK considers the public procurement rules in Directive 2004/17/EC of the European Parliament and of the Council [23] or Directive 2004/18/EC of the European Parliament and of the Council [24] on the award of public works, supply and service contracts would not be applicable to the measure at hand, as it does not involve any procurement of supply, works or services for the benefit of the UK Government or any state body within the meaning of these directives.
PRIPOMBE, PREJETE V ZVEZI S CILJI SKUPNEGA INTERESA
Allegedly, for the same reasons, the UK Government considers Article 8 of the Electricity Directive would not be applicable to the Notified Measure.
Združeno kraljestvo navaja, da si prizadeva izpolniti cilje EU v zvezi z dekarbonizacijo, varnostjo oskrbe in raznolikostjo ponudbe po najnižjih stroških ter da ima, kot druge države članice, pri tem težave.
Nevertheless, the UK authorities state that the procedures followed to date by the UK Government when identifying suitable investors under the EMR programme have been based on a clear, transparent and non-discriminatory framework, equivalent to a tendering procedure in terms of transparency and non-discrimination.
Združeno kraljestvo opaža, da so energetska učinkovitost, prilagajanje odjema, povezljivost in boljše delovanje izravnalnih trgov pomembni, vendar pa samo teh ciljev kljub prizadevanjem ne more doseči.
Moreover, allegedly, the detailed conditions of a contract like the one concerning HPC must be individually negotiated in order to reflect the characteristics of the specific investment.
Hkrati Združeno kraljestvo trdi, da so države članice pristojne za določitev mešanice energetskih virov in da se je odločilo, da bo del njegove mešanice tudi jedrska energija.
As regards discrimination, reportedly, were the UK Government to entrust the same SGEI for new nuclear electricity generation capacity to another undertaking, it would ensure that the same methodology would be used to calculate the RP and the SP.
Jedrska energija bo pripomogla k dekarbonizaciji, saj gre za nizkoogljično tehnologijo.
However the exact conditions of each investment contract may vary due to the unique product characteristics.
Ocene Združenega kraljestva kažejo, da je jedrska energija del najbolj stroškovno učinkovite poti do dekarbonizacije, skupaj z obnovljivimi viri energije in elektrarnami, opremljenimi s CCS.
Nevertheless, such possible variations would be objectively motivated and would not constitute discrimination.
Opiranje na druge tehnologije bi bilo tvegano.
As regard the requirements concerning the compensation, the UK authorities allege that the SP has been calculated on the basis of NNBG's projected construction and operating costs, including a non-guaranteed reasonable profit, with NNBG's costs having been substantiated and independently verified.
Zlasti Združeno kraljestvo ocenjuje, da bi brez jedrske elektrarne za zadostitev potreb v istem časovnem okviru potrebovalo 14 gigavatov kopenske vetrne energije, 11 gigavatov vetrne energije na morju ali pet gigavatov elektrarn s plinskimi turbinami s kombiniranim ciklom [27], in to poleg obstoječih ali v tem času načrtovanih zmogljivosti.
The UK authorities consider that no additional requirements would be necessary as regards the measure as it does not fall in any of the cases provided by the SGEI Framework and, there are, allegedly, no grounds for concluding that the measure will result in serious distortions of competition in the internal market, or affect trade between Member States to such an extent.
Združeno kraljestvo tudi meni, da je za zanesljiv in uravnotežen elektroenergetski sistem potrebna raznolika mešanica proizvodnih zmogljivosti.
Reportedly, similar services are not being provided in competition with the SGEI, nor are they expected to be provided by the private sector in the near future.
Združeno kraljestvo še navaja, da je njegova politika glede jedrske energije skladna z zasledovanjem cilja skupnega interesa v skladu s Pogodbo Euratom.
Allegedly, the Commission has acknowledged in a previous decision that public support in favour of the electricity sector in a geographically isolated country (Ireland), with limited interconnection with other energy networks, has limited effect on trade and is not contrary to the interest of the Community [25].
PRIPOMBE, PREJETE V ZVEZI Z NEDELOVANJEM TRGA IN POTREBO PO POSREDOVANJU DRŽAVE
The same would allegedly apply to the UK electricity sector.
Združeno kraljestvo navaja, da na proizvajanje električne energije, zlasti na nizkoogljično proizvodnjo, še posebej pa na jedrsko proizvodnjo, vpliva več primerov nedelovanja trga.
Additional comments in the submission of the UK authorities:
Združeno kraljestvo zlasti navaja naslednje primere nedelovanja trga, ki so značilni za trge z električno energijo na splošno:
The UK authorities make clear in several parts of their submission that the aim of the measure is to incentivise or unlock investments into low-carbon generation, in particular into new nuclear.
zunanji učinek ostankov ogljika.
The HPC CfD has been designed to enable barriers to the project to be tackled as efficiently as possible, including some protection against certain risks, most notably around the uncertainty over future electricity prices.
Sedanje politike (tudi sistem za trgovanje z emisijami zaradi nizkih cen emisijskih kuponov) ne bi zagotovile zadostne dolgoročne gotovosti ali dovolj močnih cenovnih signalov za popolno ponotranjenje negativnih zunanjih učinkov, značilnih za proizvodnjo električne energije (tj. sočasne emisije ogljika), zaradi česar je spodbujanje naložb v nove jedrske elektrarne oteženo;
There are many ways in which NNBG's costs may be higher than expected or its revenues may be lower than expected (for example if it does not achieve planned levels of generation or if its realised prices for the sale of electricity are lower than the market RP).
pozitivni zunanji učinki, ki vodijo do pomanjkljivega zagotavljanja varnosti in raznolikosti oskrbe na trgu.
NNBG will be free to sell its electricity into the market either on a spot or contract basis.
Razpoložljivost električne energije bi pomenila značilnosti javnega dobrega, kar bi privedlo do nepravilnega oblikovanja cen pomanjkljivih virov in nazadnje do „manjkajočega denarja“ – tj. pomanjkanja proizvodnje in varnosti oskrbe.
There is no requirement that NNBG sells only into the spot market.
Razlog za to je, da zasebniki pri naložbah v proizvodnjo električne energije ne upoštevajo niti socialnih stroškov možnih izpadov niti učinka razpoložljivosti proizvodnih zmogljivosti na omrežje in na druge uporabnike omrežja, zato tveganja in koristi posameznih tehnologij ne bi bili prilagojeni družbenemu optimumu, saj bi bil plin naravno zavarovan, druge tehnologije pa kaznovane, kar bi na koncu privedlo do manjše raznolikosti ponudbe;
COMMENTS RECEIVED ON THE OBJECTIVES OF COMMON INTEREST
nezadostne pobude za doseganje spoznanj iz uporabe novih in nedozorelih tehnologij.
The UK claims that it pursues the common EU objectives of decarbonisation, security of supply and diversity of supply at the lowest cost, and that it faces, like other MSs, a challenge in achieving them.
To bi vodilo do nezadostnih naložb v prve elektrarne nove vrste in nove tehnologije; in
The UK observes that energy efficiency, demand side response, interconnection and improved functioning of balancing markets are important but cannot achieve those objectives on their own, despite the fact that they are being deployed.
nedelovanje finančnega trga, ki omejuje sredstva, razpoložljiva za projekte energetske infrastrukture.
At the same time, the UK claims that competence to determine the energy mix belongs to MSs, and that it has decided that nuclear should be part of its energy mix.
Financiranja projektov na področju proizvajanja jedrske energije ne bi bilo, saj bi bili trgi prenosa tveganja nepopolni, za zavarovanje pred temi tveganji pa ne bi bilo nobenih instrumentov.
Nuclear would help achieve decarbonisation as it is a low-carbon technology, and the UK's assessment would show that it is an element within the most cost-effective pathway to decarbonisation, together with renewable energy sources and CCS-equipped generation plants.
Dolgoročne pogodbe za oskrbo z električno energijo bi bile v primerjavi z ravnmi naložb krajše, nihanje cen bi bilo precejšnje, dolgoročne napovedi cen pa bi bile zelo negotove.
Relying on other technologies only would be risky.
Združeno kraljestvo navaja tudi, da obstaja določeno dodatno nedelovanje trga zlasti za jedrsko energijo, kar še povečuje ovire za naložbe v to tehnologijo:
In particular, the UK estimates that in the absence of nuclear it would need either 14 GW of onshore wind, 11 GW of offshore wind or 5 GW of CCGT plants [26] on top of existing or currently planned capacity to meet demand in the same timescale.
izpostavljenost političnemu tveganju; in
The UK also believes that a diverse generation mix is required in order to have a reliable and balanced electricity system.
nezavarovana izpostavljenost tveganju cene električne energije, kar je hujša oblika širšega nedelovanja trga, navedenega v točki (d), zaradi zelo visokih ravni naložb, potrebnih za proizvajanje jedrske energije.
Finally, the UK states that its policy on nuclear energy is consistent with the pursuit of an objective of common interest under the Euratom Treaty.
Združeno kraljestvo opaža, da to nedelovanje trga ni zgolj teoretično, saj ga dokazuje dejstvo, da od liberalizacije trga v Združenem kraljestvu še ni bilo naložb v nove jedrske elektrarne.
COMMENTS RECEIVED ON THE MARKET FAILURES AND THE NEED FOR STATE INTERVENTION
Združeno kraljestvo navaja, da modeliranje, navedeno v sklepu o začetku postopka, in zlasti napovedi podjetja Redpoint in britanskega ministrstva za energijo in podnebne spremembe, ki navajajo, da bo nova jedrska elektrarna začela delovati do leta 2027 ali 2030, niso zanesljivi.
In particular, the UK submits the following market failures which would be characteristic of electricity markets in general:
Celo kratka zamuda treh ali štirih let bi pomenila izgubo blaginje, ki jo Združeno kraljestvo ocenjuje na do 30 milijard GBP.
Residual carbon externality.
Združeno kraljestvo še oporeka temu, da se na podobnih trgih izvajajo projekti brez nekakšnega posredovanja države ali javne podpore.
Current policies (including the Emission Trading Scheme (‘ETS’) due to its low level of carbon allowance price) would not provide sufficient long-term certainty or strong enough price signals to internalise fully the negative externality characterising electricity production (i.e. the simultaneous production of carbon emissions), thereby making it difficult to facilitate new nuclear investments;
Združeno kraljestvo v svojem odgovoru na sklep o začetku postopka vztraja, da je pogodba na razliko najprimernejši instrument za naložbe v novo nizkoogljično proizvodnjo, zlasti v novo jedrsko elektrarno.
Positive externalities leading to under-provision of security and diversity of supply by the market.
Pogodba na razliko bi nevtralizirala nezmožnost učinkovite delitve ali prenosa tveganja nihanja cen zaradi nepopolnih trgov prenosa tveganja in pomanjkanja primernih tržnih instrumentov za zavarovanje pred tveganji.
Availability of electricity would have public good features, leading to incorrect pricing of scarcity and ultimately ‘missing money’ — i.e. under-provision of generation and security of supply.
Pogodba na razliko bi zmanjšala tveganje nezavarovanega nihanja veleprodajnih cen tako, da bi zmanjšala negotovost glede prodajne cene proizvedene električne energije, ki jo bo dobilo podjetje NNBG.
This is because private investment decisions in electricity generation takes into account neither the social costs of potential outages nor the impact of generation availability on the network and on other users of the network, hence the risks and benefits of individual technologies would not be aligned with the social optimum, with gas being naturally hedged and all other technologies being penalised, ultimately leading to lower diversity of supply;
Pogodba na razliko tako zagotavlja, da bo po naložbi dosežena sprejemljiva raven donosa.
Insufficient incentives to achieve the learning benefits of deploying new and immature technologies.
Združeno kraljestvo navaja, da bi pogodba na razliko izpostavljeno nedelovanje trga obravnavala po nižjih stroških za potrošnika v primerjavi z drugimi mehanizmi, kot je standardna fiksna premija (standard feed-in premium), saj omejuje ravni cene in s tem zmanjšuje državno podporo, ko so veleprodajne cene višje od izvršilne cene.
This would lead to an under-provision of investment in FOAK and new technologies; and
Medtem ko bi bila s fiksno premijo plačana enaka vsota za vsako enoto električne energije, ne glede na veleprodajno ceno, bi pogodba na razliko zmanjšala tveganje prekomerne odškodnine v primerih visokih veleprodajnih cen.
Financial market failures which restrict the funds available to energy infrastructure projects.
Združeno kraljestvo še poudarja, da bi bila pogodba na razliko tržni instrument, saj mora upravičenec prodajati na trgu po prevladujočih veleprodajnih cenah.
There would be no project finance available for nuclear energy generation, since risk transfer markets would be incomplete and there would be no instruments to hedge against these risks.
Zato bi podjetju NNBG dala komercialne spodbude, da električno energijo prodaja skladno z običajnim delovanjem trga.
Long-term contracts for electricity supply would be on shorter time horizons compared to investment levels, while price volatility would be very large and long-term price forecasts would be subject to a high degree of uncertainty.
Če bi podjetje NNBG odstopalo od referenčne cene, na primer tako, da bi električno energijo prodajalo pod referenčno ceno, bi bili njegovi prihodki nižji, saj se bo razlika v plačilih izračunala na podlagi referenčne cene.
The UK also submits that certain additional market failures exist in particular for nuclear energy and exacerbate barriers to investment in this technology:
Upravičenci bi bili zaradi drugih udeležencev na trgu še vedno pod določenim pritiskom konkurence.