Attending Utilities, Grid Operators, Retailers, Traders and Power Generators
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Notes to the Financial Statements As of 31 December 2014 and 2013 (Currency - Euro)
2 Annual Report 2014 of the Board of Directors and of the Statutory Auditor to be presented at the Annual General Meeting on 12 th June 2015 Company authorised by Royal Decrees of 20.10.1978 and 07.12.1999 To underwrite “Fire and Natural Hazards”, “Other Property Damage” and “Liability” (Moniteur Belge 14.11.1978 - 29.12.1999 Code 0921) Registered Office: Av. Jules Bordet, 166 - B 4 B 1140 Brussels Belgium Tel: +32 (0)2 702 90 10 Fax: +32 (0)2 705 72 92 3 Financial Highlights in euro years ended December 31 Statement of Earnings 2014 2013 2012 2011 2010 Net premium earned 22.836.670 22.990.326 24.884.212 25.115.821 23.925.468 Claims -2.624.921 1.513.702 -13.900.142 -14.737.044 3.157.056 Expenses -3.414.077 -3.157.549 -2.931.346 -3.005.782 -3.163.109 Other income 15.868 -12.747 9.910 75.803 83.596 Net investment result 6.341.961 -534.805 16.312.444 1.587.603 2.595.356 Earnings before distribution to reserve for equalisation and catastrophes 23.155.502 20.798.927 24.375.078 9.036.401 26.632.007 Variation in the reserve for equalisation and catastrophes, net of reinsurance -16.920.203 -21.389.420 -8.062.631 -7.448.799 -24.036.650 Taxes -308 -283 0 0 0 Earnings after distribution to reserve for equalisation and catastrophes 6.234.991 -590.776 16.312.444 1.587.603 2.595.356 Balance Sheet Assets 253.910.139 239.000.192 235.522.370 205.142.493 187.491.585 Liabilities -32.746.529 -41.000.824 -58.430.953 -52.635.731 -44.527.766 Guarantee fund 221.163.611 197.999.368 177.091.415 152.506.762 142.963.819 (including reserve for equalisation and catastrophes) -
PSI Energy EE High-Quality Control Technology for the Energy Market PSI Energy EE
PSI Energy EE High-Quality Control Technology For The Energy Market PSI Energy EE Contents PSI Energy EE - Partner in energy technology .........4 Our projects - our pride ..................................6 The Products PSIcontrol - The control system ..................................10 PSIcommand - Effective workforce management .................. 18 PSIpassage - Systems for deregulated energy markets ...........22 PSIxchange - Secure connection with company IT in PSIcontrol systems ...............................26 The Divisions - our references TSO - Applications for transmission networks ...........30 DSO - Control technology for regional distribution networks .................40 PSIcontrol-Multinet - Control technology for combined energies ...... 100 PSIcontrol - providing control technology for Industrial networks ............................126 PSIcontrol - Control systems for operating rail electrification networks ...........130 Imprint .................................................. 143 Cover photos: Left: © Netzgesellschaft Düsseldorf mbH Centre: © f1-online Right: © Siegfried Bellach / Pixelio 2 3 PSI Energy EE PSI Energy EE - Partner in energy technology In the PSI Energy EE business divi- sion, more than 230 engineers, physicists, developers and mathema- ticians design and implement inno- vative high quality solutions for the energy market. PSI Energy EE does not only work in Germany but also abroad. In accord- ance with the PSI Group‘s rules, PSI cooperates with selected partners in various countries: • Russia OOO PSI, Moscow • Poland PSI, Poznan • Southeast Asia PSI INCONTROL SDN. BHD., Kuala Lumpur, Malaysia and other companies. Colleagues from these companies support us and you over the whole system life cycle: from sales through implementation to maintenance. © f1-online 4 5 PSI Energy EE Our projects - our pride References in Germany PSI Energy EE has a well-known name Even today, there is plenty of room We are proud of our customers who in the energy industry. -
8 Wind Power (Onshore and Offshore)
Potentials, costs and environmental assessment of electricity generation technologies 8 Wind power (onshore and offshore) Karin Treyer (Laboratory for Energy Systems Analysis, PSI) 8.1 Introduction and definitions Wind energy is the renewable energy source with the highest increase in installed capacity worldwide in the last years. The total capacity by the end of 2015 amounted to 435 GW, out of it 12 GW offshore (GWEC 2015, WWEA 2016). This covered about 3-5% of the world’s electricity needs.154 Wind power is supposed to have a huge potential in the electricity supply in many countries, and is supported by manifold governmental incentives. Windmills have been making use of the kinetic energy of wind for centuries now. Starting with pumping water or grinding grain, these mills have developed in the late nineteenth century to produce electricity (Burton, Jenkins et al. 2011). The first wind turbines showed capacities of 5 to 10 kW, developing to a 1 MW turbine in 1941 in Vermont, US.155 The 1980ties came along with intensive research in the wind sector due to increased oil prices, which led to wind turbines of about 4 MW capacity. The latest wind turbines demonstrate capacities of up to 8 MW on- and offshore. 156 The first offshore wind farm was commissioned in 1991 with a total capacity of 5 MW (Burton, Jenkins et al. 2011). In 2015, the largest offshore wind parks are located in the United Kingdom with installed capacities of 500 to 630 MW.157 In the following some definitions are given. The harvest of electrical energy with a wind turbine is possible due to rotation of blades using kinetic energy from moving air. -
Methodology of Comparison 2013
METHODOLOGY OF COMPARISON 2013 Comparative Analysis of Sustainability Performance Methodological Remarks Convinced that a comparison of environmental, social and governance performance is of interest, not only to the Company itself, but also to its stakeholders, certain comparisons between Terna’s results and those of other com- panies are included in the 2013 Sustainability Report, as was the case in the preceding three years. Listed below are the main criteria adopted in the analysis, as an introduction to the reading and interpretation of the comparisons of individual indicators in the Report: • three panels of companies were identified: an industry panel, composed of the European transmission system operators and the major extra-European operators in terms of kilometres of lines managed; and two multi- industry panels, the first relative to large Italian companies (the 40 companies of the FTSE-MIB at 18 December 2013) and the second relative to the best international performers (the 24 world Sustainability Industry Group Leaders, identified by the RobecoSAM sustainability rating agency and disclosed at the publishing of the Dow Jones Sustainability Index of September 2013). The purpose of the three panels is to guarantee, also relative to the type of indicator reviewed, a comparison between companies with the same operational characteristics, an Italian comparison, and a comparison with the top international performers. The Terna figures do not contribute to the calculation of the average in the case of the RobecoSAM – Supersector Leaders panel; • the companies considered from among those in the three panels were those which publicise the information necessary for comparisons either on their websites, through the Sustainability Report (even if not prepared following the GRI guidelines) or through other documentation (HSE Report, financial report, etc.). -
Annual Report 2020 Encevo
Annual Report Encevo S.A. We embrace energy transition GRI 102-16 Our vision We envision Encevo as leading and sustainable energy player in the Greater Region. In the rapidly changing energy landscape, we will ensure a secure access and competitive supply of energy, and actively shape the transition to a sustainable energy sector by embracing technology, deploying innovative solutions and partnering with local communities. Encevo people are empowered and strive for excellence. We mobilise all our forces to bring the energy of tomorrow to our customers. Encevo S.A. Registered as a société anonyme (public limited company) under Luxembourg law with a capital of EUR 90,962,900 (31.12.2020). Registered office: Esch-sur-Alzette Luxembourg Trade and Companies’ Register B11723. Annual General Meeting of 11th May 2021. Index 6 Interview: Claude Seywert & Marco Hoffmann 10 Group Structure 12 Management Reflections 20 Key Figures: Activity at a Glance 27 Encevo Sustainability Context and Management Approach 32 Stakeholder Engagement 41 Business Integrity: General Compliance 49 Indirect and Direct Economic Impacts 54 Product Impact 59 Employee Well-being 70 Resource Efficiency 74 About the Report 80 Governance Details 82 Management Report 92 Consolidated Annual Accounts 134 Extract of the Annual Accounts of Encevo S.A. Claude Seywert CEO Encevo S.A. Chairman of the Executive Committee Marco Hoffmann Chairman of the Board of Directors GRI 102-14 Staying the course towards a sustainable energy transition In a year largely marked by the crisis caused by the pandemic, Encevo Group maintained its operational excellence. The group and its entities stayed the course towards a sustainable energy transition. -
Firmness Deadlines
List of Bidding Zone borders and/or their subsets and their corresponding day-ahead firmness deadlines List of Bidding Zone borders and/or their subsets of interconnectors Day-ahead firmness List of responsible TSOs deadline Austria (AT) Czechia (CZ) <> D-1 10:00 APG CEPS Austria (AT) Hungary (HU) <> D-1 10:00 APG MAVIR Austria (AT) Italy (NORD) <> D-1 11:00 APG TERNA Austria (AT) Slovenia (SI) <> D-1 11:00 APG ELES Belgium (BE) France (FR) <> D-1 11:00 ELIA RTE Belgium (BE) Netherlands (NL) <> D-1 11:00 ELIA TenneT TSO B.V. Belgium (BE) Great Britain (GB) <> D-1 11:00 ELIA, Nemo Link NGESO, Nemo Link Croatia (HR) Hungary (HU) <> D-1 10:00 HOPS MAVIR Croatia (HR) Slovenia (SI) <> D-1 11:00 HOPS ELES Czechia (CZ) Germany (DE) <> D-1 10:00 CEPS 50Hertz Czechia (CZ) Germany (DE) <> D-1 10:00 CEPS TenneT TSO GmbH Czechia (CZ) Poland (PL) <> D-1 10:00 CEPS PSE Denmark (DK1) Denmark (DK2) <> D-1 11:00 Energinet Energinet Denmark (DK1) Germany (DE) <> D-1 11:00 Energinet TenneT TSO GmbH Denmark (DK2) Germany (DE) <> D-1 11:00 Energinet 50Hertz France (FR) Germany (DE) <> D-1 11:00 RTE Amprion, Transnet BW 1 | P a g e List of Bidding Zone borders and/or their subsets of interconnectors Day-ahead firmness List of responsible TSOs deadline France (FR) Italy (NORD) <> D-1 11:00 RTE TERNA France (FR) Spain (ES) <> D-1 11:00 RTE REE Germany (DE) Amprion, Netherlands (NL) <> D-1 11:00 TenneT TSO GmbH TenneT TSO B.V. -
The 10-Year Development Plan of the Power Transmission Grid (RET) (2018 – 2027)”
Directorate NOTE regarding the approval by the Shareholders’ General Assembly of ”The 10-year development plan of the power transmission grid (RET) (2018 – 2027)” I. Generalities ”The Development Plan for the Power Transmission Grid 2018-2027" (hereinafter referred to as PDRET) was drawn up by the National Power Grid Company Transelectrica SA in accordance with article 35 para. (1) and para. (2) of the Law on Power and Natural Gas 123/2012, with later amendments and additions, according to which ”the transmission system operator must prepare 10-year investment and development plans of the power transmission grid, in accordance with the current state and the future evolution of power consumption and the sources, including power import and export”. II. Justification According to the competences and attributions established by the Law on Power and Natural Gas 123/2012, with later amendments and additions, the RET Technical Code and the Conditions attached to License 161 for Power Transmission and System Service Provision, the National Power Grid Company Transelectrica SA carries out the planning activity on the development of the Power Transmission Grid (RET). In this regard, the National Power Grid Company Transelectrica SA draws up every two years a RET Development Plan for the following 10 successive years, a document that is subject to the approval of the decision-makers. The Development Plan is a comprehensive presentation of the aspects related to the functioning of the power transmission grid, integrated in the context of the National Power System and the power market, intended for power market customers, regulatory bodies and decision-makers in the power sector. -
Comparison Methodology
COMPARISON METHODOLOGY Comparative Analysis of Sustainability Performance Convinced that a comparison of environmental, social and governance performance is of interest, not only to the Company itself, but also to its stakeholders, certain comparisons between Terna’s results and those of other companies are included in the 2015 Sustainability Report, as was the case in previous years. The comparative sustainability indicators regard the following themes: CO2 emissions, SF6 leakage incidence rate, hours of training per capita provided to employees and the turnover rate on termination of personnel. Listed below are the main criteria adopted in the analysis, as an introduction to the reading and interpretation of the comparisons of individual indicators in the Report: • three panels of companies were identified: the first was composed of the European transmission system operators and the major non-European operators in terms of kilometres of lines managed; the second, multi-sectoral in nature, is made up of large Italian companies (the 40 listed companies of the FTSE MIB at 31/12/2015); the third formed by the best international performers in the “Electric Utilities - ELC” sector (identified by the RobecoSAM sustainability rating agency and included in the Dow Jones Sustainability World Index of September 2015). The purpose of the three panels is to guarantee, also relative to the type of indicator reviewed, a comparison between companies with the same operational characteristics, an Italian comparison, and a comparison with top international performers in the same sector; • the companies considered from among those in the three panels were those which publicise the information necessary for comparisons either on their websites, through the Sustainability Report (even if not prepared following the GRI guidelines) or through other documentation (HSE Report, Financial Report, etc.). -
System Operation Stakeholders Committee
System Operation Stakeholders Committee Materials for meeting 16th September 2020 1.1 Review of the Agenda Time Agenda Topics Documents Lead 1. Opening Uros Gabrijel 13:30-13:35 1.1 Review of the agenda Agenda 13:35-13:45 1.2 Review and approval of minutes from previous meeting Minutes 13:45-13:55 1.3 Review of actions Slides Ana Cigaran 13:55-14:15 2. Update on the implementation actions at pan-EU level Slides Ana Cigaran 3. System Operation Guideline Slides 14:15-14:30 3.1 Cost Benefit Analysis for FCR providers by Limited Energy Reservoirs: Luca Ortolano Status update 3.2 Information on Exchange\Sharing of reserves 14:30-15:00 Mohamed El Jafoufi 15:00-15:15 4. CGM Program Implementation Update Derek Lawler 15:15-15:45 5. NC ER Implementation update Slides Rafal Kuczynski 5.1 Update on TCM Status according to Art. 4. 6. Information on Low frequency Pump disconnection & energy storage units Rafal Kuczynski\Walter Sattinger 15:45-16:00 6.1 Why low frequency pump disconnection is triggered at different frequencies across Europe? 6.2 Outlook on the plans for the energy storage units 16:00-16:15 16:15-16:30 7. AOB – Next meeting 9th December Uros Gabrijel 2 1.3 Review of actions Ana Cigaran 3 1.3 Review of actions (I) ACTION ANSWER STATUS 1. Note for future SO GL active library to include pre- Preparation for SO GL Active Library Open qualification process aFRR, mFRR, RR. is in good progress both for the Digital and content part. -
Annual Report 2020
ANNUAL REPORT 2020 Creos Luxembourg S.A. Registered as a société anonyme (public limited company) under Luxembourg law with capital of EUR 198,851,260 Luxembourg Trade and Companies Register B 4513 Legal headquarters: 59-61, rue de Bouillon, L-1248 Luxembourg Annual General Meeting of 11th May 2021 Reports presented to the annual general meeting of shareholders by the Board of Directors and the independent auditor Reports and annual accounts for the 2020 financial year Table of contents 1. STRATEGY AND OUTLOOK 7 Interview: A year marked by resilience 8 Shareholder structure 14 Key figures 14 Mission 15 Corporate governance 16 Highlights 2020 18 SuperChargy report: Creos gives electro-mobility a boost 22 Human resources: A workforce and careers in constant evolution 28 Health and safety: Well-trained employees are our capital 30 2. ACTIVITY 33 Electricity 37 Evolution of the electricity grid 41 Evolution of the national load 42 Electricity consumption 44 Injections into the electricity network 46 Evolution of the peak and network demand 47 Network reliability 48 Natural gas 51 Evolution of the natural gas grid 54 Volume transported 56 Demand on the Luxemburgish market 56 Evolution of the network peak 58 Breakdown of flows per point of interconnection 58 Subsidiaries, equity interests and partnerships of Creos Luxembourg 61 3. MANAGEMENT REPORT OF THE BOARD AND ANNUAL ACCOUNTS 69 Management report of the Board 70 Annual accounts 76 Independent auditor's report 91 Strategy and outlook 7 1. Strategy and outlook “Our major role is to prepare the country for its energy revolution. In the future, we will have to strengthen our power lines even more and find an alternative for our natural gas networks. -
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, Conference Call
Minutes SDAC Joint Steering Committee Meeting 04/06/2020,13:30 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance – decisions required 2.1 Way forward Central Settlement Entity Inf 3 Important points to highlight and decisions requested by TFs 3.1 Status extension projects and communication towards EC Dec 3.2 MRC OPSCOM Dec 3.3 MSD Dec 3.4 Procedures TF Inf 3.5 BMTF Dec 3.6 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Preparations for next TCG and MESC Inf 4.2 EC consultation on first light amendment of some relevant regulations incl. -
Minutes SDAC Joint Steering Committee Meeting 28/10/2020,11:00 – 17:00 CET, Conference Call
Minutes SDAC Joint Steering Committee Meeting 28/10/2020,11:00 – 17:00 CET, conference call Present parties 50Hertz Cropex EPEX Spot Litgrid PSE Terna Admie EirGrid (TSO) ESO MAVIR REE TGE Amprion Eirgrid (SEMO PX) EXAA Nasdaq REN Transelectrica APG ElecLink Fingrid Nemo Link RTE Transnet BW AST Elering GME NGIC/NGIFA2 SEPS TTG BritNed ELES HEnEx OKTE SONI (SEMO PX) TTN BSP Elia HOPS OMIE SONI (TSO) ČEPS EMCO Nord Pool HUPX OPCOM Statnett Creos Energinet IBEX OTE Svk Attending by phone Not present Present chairs, TF leaders, PMOs, observers BMTF leader/PMO Entso-e MRC OPSCOM leader MSD TSO co-leader OST Swissgrid EC JSC Secretary MRC OPSCOM PMO MSD PMO PCR chair & PMO TSO co-chair EMS MEPSO MSD NEMO co-leader NEMO co-chair Procedures TF leader Attending by phone Not present Meeting agenda # Topic For 1 Welcome, practicalities 1.1 Confirm quorum Inf 1.2 Adoption of the agenda Dec 1.3 Approval of minutes of past meetings/calls (incl. part for publication) Dec 1.4 Review open action points Inf 2 Strategy/governance 2.1 Exit plan for GB parties Dec 2.2 DAOA: clarification re. approval of updated operational procedures Dec 2.3 15 min MTU implementation project Dec 2.4 Assessment on synergies between regions and SDAC Inf 3 Important points to highlight and decisions requested by TFs 3.1 BMTF Dec 3.2 MRC OPSCOM – PART 1 Dec Lunch break 3.3 Confirm quorum Inf 3.4 MRC OPSCOM – PART 2 Inf 3.5 Interim Coupling Project Inf 3.6 MSD (20 min) Inf 3.7 Intraday auctions (IDA) Inf 3.8 CCP default – status reporting Inf 3.9 JSC members questions to reports in back-up section Dis 4 Important points for SDAC from ENTSO-E/ NC/ NRAs/ ACER/ EC 4.1 Joint SDAC & SIDC governance: “lean” implementation proposal Dis 4.2 Feedback from 22/09 TCG and 23/09 MESC Inf 5 Any other business 5.1 SDAC communication plan Inf 5.2 Qualified electronic signature – status investigation outcome Inf 5.3 Next meetings Inf 1 List of decisions # Topic Decision 1.2 Adoption of the The meeting agenda is approved.