Hotline of power engineering specialists:
8 (800) 50-50-115
Factors that determine the state of the Russian economy in general and have an impact on the electric power industry:
|
GDP movement
|
The index of the physical volume of GDP relative to 2016 was 101,5% |
|
Inflation |
At the end of 2017, inflation reached historical lows, mainly under the influence of the tight monetary policy of the Bank of Russia, and amounted to 2,5% |
|
Interest rates to attract credit resources |
In 2017, due to the gradual decrease in the key rate by the Bank of Russia, which was 7,75% as of 31.12.2017, there is a decrease in interest rates on loans attracted
|
The dynamics of the industry development is also determined by a number of specific factors:
|
Factors descending in significance | |
|---|---|
|
State regulation of tariffs | |
|
Description |
Electricity transmission and grid connection are regulated by the State. Regulatory approval of tariffs for services of the Company directly influences volumes of received proceeds |
|
The current state |
The Russian Government implements a tariff policy on the principle of "inflation minus". Establishment of tariffs below the economically feasible level will lead to underfunding with tariff sources of the Company’s current activity and investment program |
|
Measures to minimize the consequences (if available) | 1. Implementation of measures to ensure compensation for the "shortfall in income" of grid companies, due to the implementation of Federal Law No. 308-FZ, in conjunction with tariff regulation bodies of subjects of the Russian Federation and the Ministry of Energy of Russia, by providing an additional increase in tariffs for other consumers in addition to the forecast of the Ministry of Economic Development and granting subsidies from the federal budget.
2. Economic justification of costs included in tariffs, including the inclusion of economically justified costs in tariffs incurred in excess of those recorded in tariffs and incurred due to reasons beyond the Company’s control over previous periods. 3. System-wise work to reduce costs and optimize the investment program 4. Implementation jointly with PJSC Rosseti of measures to amend the legislation of the Russian Federation in the field of pricing for services of natural monopolies to take into account the interests of distribution grid companies in setting tariffs at the retail market |
|
Dynamics of energy consumption | |
|
Description |
Change of energy consumption has a direct impact on the state of the industry |
|
The current state | Actual electricity consumption in the Unified Energy System of Russia in 2017 amounted to 1 039 879,9 million KWh, which is higher than the fact of 2016 by
13 023,5 million KWh (1,27 %), excluding electricity consumption for 29 February of the leap year of 2016, the increase in the annual volume of electricity consumed was 16 038,4 million KWh (1,57 %), relative to actual consumption in 2015 the increase is 31 629,1 million KWh (3,14 %).
|
|
Measures to minimize the consequences (if available) |
A set of measures to increase non-tariff sources of income |
|
The current state of the industry | |
|
Description |
The state of the industry has a direct impact on all aspects of the Company’s activity |
|
The current state |
Substantial depreciation of fixed assets
|
|
Measures to minimize the consequences (if available) |
The RAB tariff regulation system implementation
|