Revenue for electricity transmission services

History

Comparison of planned and actual revenue for electricity transmission services

Name Approved in business plan for 2011 Actual 2011
  Productive supply, mln kWh Revenue excluding VAT , mln rubles (excluding load losses) Value of load losses excluding VAT , mln rubles Average tariff, excluding VAT , rubles/ kWh Productive supply, mln kWh Revenue excluding VAT , mln rubles (excluding load losses) Value of load losses excluding VAT , mln rubles Average tariff, excluding VAT , rubles/ kWh
Moscow 37,726 57,763 1,391 1.568 37,876 58,195 1,318 1.571
Moscow Region 34,805 48,271 1,336 1.425 35,663 48,799 1,222 1.403
Total for Company 72,531 106,035 2,727 1.500 73,540 106,994 2,541 1.489

Actual revenue from electricity transmission (excluding load losses) exceeded the plan by 959 million rubles, or 0.9%.

The growth in revenue compared to the indicators contained in the business plan is attributable to the following factors:

  • the overall growth in productive supply;
  • changes to the structure of actual productive supply by voltage level with respect to the targets.

As a result of the changes to the structure of actual productive supply (a reduction compared with the productive supply target for high voltage grid consumer groups), growth in revenue was 0.9%, while growth in productive supply was 1.4%. As a result, the average tariff for services fell 0.7% compared to 2010.

Comparison of actual revenue for electricity transmission services and the revenue included in the tariff and balance sheet decision

Name Included in TBSD Actual 2011
  Productive supply, mln kWh Revenue excluding VAT, mln rubles Average tariff, excluding VAT, rubles/ kWh Productive supply, mln kWh Revenue* excluding VAT, mln rubles Average tariff, excluding VAT, rubles/ kWh
* During approval by the regulatory body, the Company’s revenue does not include load losses, therefore thecomparison with actual revenue is made under comparable conditions – excluding load losses that reduce the volume of services rendered.
Moscow 37,092 58,995 1.591 37,876 59,513 1.571
Moscow Region 34,538 49,119 1.422 35,663 50,021 1.403
Total for Company 71,630 108,114 1.509 73,540 109,534 1.489

The deviation in actual revenue for Moscow and the Moscow Region from the indicators recorded in the tariff and balance sheet decision is attributable to the following factors:

  • the overall growth in the productive supply of electricity;
  • changes to the structure of actual productive supply by voltage level with respect to the indicators approved in the tariff.

Revenue structure
by consumer group, mln rubles

Enlarge

Structure of accounts receivable
by consumer group, mln rubles

Enlarge

Due to the reduction in the proportion of consumers receiving electricity via a low voltage grid, growth in the Company’s revenue totaled 1.3% in 2011, while growth in productive supply was 2.7%, which led to a decrease in the average tariff for services by 1.3%.

In the overall structure of revenue for electricity transmission services rendered in 2011, guaranteed suppliers accounted for 96%, energy retail companies for 3% and direct consumers for 1%.