| ABBREVIATIONS |
| ord. |
Ordinary shares |
| Regional Energo |
Open joint-stock regional power
and electrification company |
| pref. |
Preferred shares |
| ATS |
Non-Profit Partnership
"Administrator of the Trading System of the UES Wholesale Electricity Market"
(NP "ATS") |
| NPP |
Nuclear power plant |
| HV line |
High-voltage transmission line |
| GeoTPP |
Geothermal power plant |
| TPP |
Thermal power plant |
| GTU (GTPP) |
Gas turbine unit (gas-turbine
power plant) |
| HPP |
Hydroelectric power plant |
| SDCs |
Subsidiaries and Dependent
Companies of OAO RAO "UES of Russia" |
| UES of Russia |
Unified Energy System of Russia |
| KPI |
Key performance indicators |
| PTL |
Power transmission line |
| IGM |
Investment Guarantee Mechanism |
| TC |
Transmission (trunk grid) company |
| ITC |
Interregional Transmission
Company |
| IDC |
Interregional Distribution
Company |
| NP |
Not-for-profit Partnership |
| STC |
Science and Technology Center |
| WGC |
Wholesale Generation Company |
| IDA |
Integrated Dispatch
Administration |
| AWP |
Autumn-winter period |
| WEM |
Wholesale Electricity Market |
| IES |
Integrated Energy System |
| CCGT |
Combined-cycle gas turbine |
| RDA |
Regional Dispatch Administration |
| RGC |
Regional Generation Company |
| GC |
Regional Grid Company |
| WEM RS |
Regulated segment of the
Wholesale Electricity Market |
| REC |
Regional Energy Commission |
| OAO "UES
SO-CDA" |
OAO "System Operator-Central
Dispatch Administration of the Unified Energy System" |
| WEM FTS |
Competitive (free trading)
segment of the Wholesale Electricity Market |
| TGC |
Territorial Generation Company |
| TPP |
Thermal power plant |
| CHPP |
Combined heat and power plant |
| OAO
"FGC" |
OAO "Federal Grid Company of
the Unified Energy System" |
| FTS |
Russian
Federation Federal Tariffs Service |
| TERMS |
| Subscription
fee |
The fee charged for the
services relating to the operation and development of the Unified Energy System of Russia |
| Balancing
market |
Segment of the wholesale
electricity market where deviations between the actual and scheduled electricity
demand/supply are traded. |
| Wholesale
Generation Company, WGC |
The generation company created on
the basis of power plants pursuant to the Guidelines for Reforming the Electric Power
Industry adopted by Resolution of the Russian Federation Government No. 526 of 11 July
2001, Order of the Russian Federation Government No. 1254-r of 01 September 2003 (as
amended by Order of the Russian Federation Government No. 367-r of 25 October 2004) |
| Unified
National (All-Russia) Energy Grid, UNEG |
The system of power grids and
other grid infrastructure facilities owned or otherwise held (as provided by the
applicable Russian laws) by electricity industry entities and ensuring reliable power to
customers, supporting the operation of the wholesale electricity market, and synchronous
operation of Russia's energy system with those of other countries |
| Unified Energy
System of Russia, UES of Russia |
All generation facilities and
other property relating to generation (including co-generation of electricity and heat)
and transmission of electricity in an environment of centralized dispatching. |
| Completion of
reorganization |
A company is deemed to be
reorganized upon state registration of the newly established legal entities (except for
reorganization through merger). If a company merges with another company, the former is
deemed reorganized with effect from the date on which an entry is made in the Unified
State Register of Legal Entities regarding termination of the merged company. |
| Transmission
(trunk grid) company, TC |
An open joint-stock company
established as a result of a reorganization of a regional energo involving the transfer of
the regional energo's power grid facilities related to the Unified National (All-Russia)
Energy Grid. |
| Interregional
Transmission Company, ITC |
An open joint-stock company
established pursuant to Order of the Russian Federation Government No. 1939-r of 29
December 2003 and Resolution of the Board of Directors of OAO RAO "UES of
Russia" (Minute No. 125 dated 15 August 2002). |
| Interregional
Distribution Company, IDC |
An open joint-stock company to be
created on a territorial basis to manage DCs. |
| Interregional
Company |
A company to be created through
consolidation of grid or generation companies established in the course of the electricity
industry reform in the Russian Federation after the regional energos' restructuring. |
| Standard
frequency |
Indicator of quality of energy
systems' operation consisting in maintenance of AC frequency within the range of 49.8-50.2
Hz |
| Wholesale
Electricity (Capacity) Market, WECM |
The marketplace for a special
commodity, i.e. electricity (capacity), within the Unified Energy System of Russia, which
is part of Russia's common economic space. The market participants are large electricity
generators and customers that have the status of wholesale market participants. Market
participants operate under the Wholesale Market Rules adopted by the Russian Federation
Government pursuant to the Federal Law "On Electric Power Industry". The
eligibility criteria for including electricity generators and consumers to the category of
major generators or major consumers are set by the Government of the Russian Federation. |
| Cross-subsidization,
cross-subsidies |
Setting energy tariffs (rates)
below the economically efficient level for one group of consumers (subsidized consumers)
owing to higher tariffs (rates) set for other consumer groups (subsidizing consumers). |
| Retail Heat
Market |
The marketplace for heat (heat
capacity) bringing together energy retailers and consumers. |
| Distribution
Company, DC |
An open joint-stock company
established as a result of regional energos' restructuring on the basis of power grid
assets which do not belong to the Unified National (All-Russia) Energy Grid. |
| Regional
Generation Company, RGC |
An open joint-stock company
established as a result of a regional energo's restructuring on the basis of generating
assets not transferred to TGCs |
| Regulated
sector of the wholesale electricity (capacity) market |
A segment of the wholesale market
where part of electricity and capacity is traded based at the rates set by the federal
authority for regulation of natural monopolies according to the Federal Law "On State
Regulation of Electricity and Heat Tariffs in the Russian Federation" |
| Energy
R&M/services company |
An enterprise whose core business
is providing research and development services, repairs and maintenance of equipment,
buildings and structures used in the generation, transmission, dispatching, distribution,
and retailing of electricity and heat. |
| Free trading
segment |
A segment of the wholesale market
where part of electricity is traded at free (unregulated) prices through bilateral
purchase/sale contracts and through selection of price offers submitted by buyers and
sellers. |
| Deviations
segment |
A system of relationships among
wholesale market participants relating to electricity trading within the range of
deviations in actual hourly generation/consumption of electricity from the planned hourly
generation/ consumption. |
| Backbone
transmission lines |
A power transmission line with
the highest voltage which ensures the required reliability and robustness of the energy
system as a whole |
| Territorial
Generation Company, TGC |
An open joint-stock company being
established in the course of interregional integration of regional energos' generating
assets (regional generation companies), except for the generating assets to be transferred
to WGCs. |
| Price
translation |
Settlement of retail electricity
market trades at unregulated prices determined based on the existing wholesale electricity
prices. |
| Target structure of the electricity industry |
The
corporate structure of the electricity industry upon completion of key restructuring (i.e.
creation of all companies and their separation from OAO RAO "UES of Russia",
including measures to guarantee direct ownership of RAO UES shareholders in spin-off
companies, increasing the state's interest in OAO "UES FGC" and OAO "UES
SO-CDA" to meet the requirements of the Russian law, reduction of the state's
interest in generation companies (except for hydroppower and nuclear power plants), and
ensuring that most generation companies are independent of each other. |
