ABBREVIATIONS |
|
| ATS |
Administrator of Trading System of the Wholesale Electricity Market |
| AWP |
Autumn-winter period |
| BM |
Balancing Market |
| CCGT |
Combined-cycle gas turbine |
| CHPP |
Combined heat and power
plant |
| CSR |
Corporate social
responsibility |
| ERC |
Energy Retail Company |
| FGC |
OAO "Federal Grid
Company of the Unified Energy System" |
| FTS |
Federal Tariffs Service of
the Russian Federation |
| GCC |
Grid Control Center |
| GeoTPP |
Geothermal power plant |
| GP |
Guaranteeing Supplier |
| GTU (GTPP) |
Gas turbine unit
(gas-turbine power plant) |
| HPP |
Hydroelectric power plant |
| HV line |
High-voltage transmission
line |
| IDA |
Integrated Dispatch
Administration |
| IDC |
Interregional Distribution
Company |
| IGM |
Investment Guarantee
Mechanism |
| ITC |
Interregional transmission
(trunk) grid company |
| KPI |
Key Performance Indicators |
| NP |
Not-for-profit partnership |
| NPP |
Nuclear power plant |
| ord. |
Ordinary shares |
| PTL |
Power transmission line |
| pref. |
Preferred shares |
| RAS |
Russian Accounting Standards |
| RC |
Regulated contract |
| RDA |
Regional Dispatch
Administration |
| RDC |
Regional Distribution
Company |
| REC |
Regional Energy Commission |
| Regional Energo |
Open joint-stock regional
power and electrification company |
| RGC |
Regional Generation Company |
| SDCs |
Subsidiaries and dependent
companies of OAO RAO "UES of Russia" |
| SO |
OAO "System Operator of
the Unified Energy System" |
| STC |
Science and technology
center |
| TC |
Transmission (trunk) grid
company |
| TGC |
Territorial Generation
Company |
| TPP |
Thermal power plant |
| TPP |
Condensation power plant
(thermal power plants in Russia) |
| TS |
Trading Schedule |
| UES of Russia |
Unified Energy System of
Russia |
| Utilities |
Residential Utility Services |
| WECM |
Wholesale Electricity
(Capacity) Market |
| WGC |
Generation
Company of the Wholesale Electricity Market (Wholesale Generation Company) |
TERMS |
|
| Backbone transmission line |
A power transmission line with the highest voltage which ensures the
required reliability and robustness of the energy system as a whole |
| Competitive 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. |
| Completion of reorganization
of a joint stock company |
A company
is deemed to be reorganized upon state registration of the newly established legal
entities (except for reorganization through merger).
f 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. |
| 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). |
| Day-ahead market |
A competitive daily
selection by NP "ATS" of bids and offers submitted by participants (suppliers
and buyers) of the wholesale electricity market one day before the actual delivery of
electricity takes place, accompanied with determination of hourly point equilibrium prices
and delivery volumes. The day-ahead market helps determine the entire volumes of
electricity generation and consumption for each hour of the following day. |
| 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 scheduled
hourly generation/consumption. |
| Distribution Companies (DCs) |
Open joint-stock companies
being established as a result of regional energos' restructuring on the basis of the power
grid assets which do not belong to the Unified National (All-Russia) Energy Grid. |
| 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. |
| Interregional companies |
Companies being created
through consolidation of grid or generation companies established in the course of the
electricity reform in the Russian Federation after the regional energos' restructuring. |
| Interregional Distribution
Companies (IDCs) |
Open joint stock companies
being formed based on the territorial principle which will receive shares in the
distribution companies. |
| Interregional Transmission
Companies (ITCs) |
Open joint stock companies
established pursuant to Order of the Government of the Russian Federation 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) with and into which transmission
companies are expected to merge. |
| Intended (post-reform)
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" to meet the
requirements of the Russian law, reduction of the state's interest in generation companies
(except for hydropower and nuclear power plants), and ensuring that most generation
companies are independent of each other. |
| Regional Generation
Companies (RGCs) |
Open joint-stock companies
being established in the course of regional energos' restructuring on the basis of
generating assets not transferred to TGCs |
| Regulated segment 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" |
| Retail Heat Market |
The marketplace for heat
(heat capacity) bringing together energy retailers and consumers. |
| Standard frequency |
An indicator of quality of
energy systems' operation consisting in maintenance of AC frequency within the range of
49.8-50.2 Hz |
| Subscription Fee |
Amount of payment charged
for the services intended to operate and develop of the Unified Energy System of Russia |
| Territorial Generation
Companies (TGCs) |
Open joint-stock companies
established in the course of interregional integration of regional energos' generating
assets, except for the generating assets to be transferred to WGCs. |
| Transmission (Trunk Grid)
Companies (TCs) |
Open joint-stock companies
established as a result of the regional energos' reorganization to which the regional
energos transfer their power grid facilities related to the Unified National (All-Russia)
Energy Grid. |
| 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. |
| Unified National
(All-Russia) Energy Grid |
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 |
| Wholesale Generation
Companies (WGCs) |
The generation companies
being created on the basis of power plants pursuant to the Guidelines for Reforming the
Electric Power Industry adopted by Resolution of the Government of the Russian Federation
No. 526 of 11 July 2001, Order of the Government of the Russian Federation No. 1254-r of
01 September 2003 (as amended by Order of the Government of the Russian Federation No.
367-r of 25 October 2004) |
| Wholesale
Electricity (Capacity) Market |
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 in the
category of major generators or major consumers are set by the Government of the Russian
Federation. |
