SNN on the energy market

SN Nuclearelectrica SA, an electric power producer on the electric power market in Romania, sells on the wholesale market the electric power produced by the two units of the Cernavoda NPP. Electric power sale on the regulated market is carried out in compliance with the conditions established by ANRE, both in terms of prices and electric power quantities and in terms of identifying the customers and of the amounts of energy sold to each of them, in every time interval within the delivery year.

On the competitive market, sales are subject to compliance with the requirements of Law No. 123/2012 of electricity and natural gases based on public and non-discriminatory offers awarded through auctions organized by OPCOM – operator of the electricity and gas market in Romania.

The electricity was sold based on production license, as follows:
  • On the regulated market through contracts concluded with last resort suppliers with view to supply energy for their consummers at regulated tarrifs;
  • On the competitive market through sale-purchase contracts on the markets administrated by the market operator OPCOM S.A.: mainly PCCB – LE si PCCB – NC (centralized market for bilateral contracts;the method of transaction of the extended tender contracts/transaction method according to which the contracts are distributed by continuous negotiations), PZU (the following day market) and PCSU (the centralized market for universal service);
  • On theBalancing market administered byTranselectrica, in case of positive unbalance;
  • Through negotiated sale-purchase contracts. Nuclearelectrica has only one such contract concluded with Transelectrica in the quality of captive consumer for the consumption of the Cernavoda 400 kV station (approximately 1.000 MWh/year).

SNN on the energy market during 1 January  – 30 September 2017

During Q I 2017, for the sale of energy on the regulated market, to the regulated price is added the regulated fee for introducing the energy in the transportation network (Tg), of lei 1.34 /MWh (decreased from lei 4.04 /MWh starting July 2016 by the Order of ANRE no. 27/22.06.2016). Starting July 1st, 2017, the regulated fee for introducing the energy in the transport network (Tg) was established at lei 1.05 /MWh, by the Order of ANRE no. 48/22.06.2017. During the period January 1st – September 30th, 2017, on the basis of the regulated contracts an amount of 529,174 MWh (6.82% from the net production of energy) was delivered, while during the same period of 2016 the amount delivered on the regulated contracts was of 1.206.257 MWh (15,90% of the net production of energy).

The amounts of energy sold on the competitive market of bilateral contracts represented, during the period January 1st – September 30th, 2017 a percentage quota of 69.24% of the total volume of the sold energy. The average sale price on bilateral contracts during the period January 1st – September 30th, 2017 was of lei 163,54 lei/MWh (Tg included), registering a drop by 1% compared to the average price registered during the period January 1st – September 30th, 2016, of lei 165,42 /MWh (Tg included), as Tg during the period January 1st – September 30th, 2016 was higher by lei 2.70 /MWh.

On the spot market, during the period January 1st – September 30th, 2017 an quantity of energy representing 23.79% of the total sale volume was sold, compared to a percentage rate of 33.54% registered during the same period of 2016. The average sale price of energy on the spot market achieved by SNN during this period was of lei 207.48 /MWh (Tg included), compared to lei 134.32 /MWh (Tg included) registered during the same period of 2016.

The income achieved on the energy market for the delivery of energy during the period January 1st – September 30th, 2017 is lei 1.374.519.324 (of which lei 43,313 representing redistributed income resulted from the system balancing, based on the application of the ANRE Order no. 51/2016), higher by 10.56% compared to the budgeted income for this period and respectively higher by 16.52% compared to the similar period from last year.

The average balanced sale price, for the sold amounts of energy (without PE), resulted during the period January 1st – September 30th, 2017, is of lei 173.80 /MWh (including Tg). During the same period of 2016, the average weighted sale price, for the sold energy (without PE), was of lei 155.05 /MWh (including Tg).

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