Changes from plenary report to adopted text

RemovedThis Regulation shall be binding in its entirety and directly applicable in all Member States.

RemovedDone at ...,

RemovedFor the European Parliament For the Council

RemovedThe President The President

RemovedGUIDELINES ON

Removed1. Information to be published on the methodology used to set the regulated revenue of the transmission system operator

RemovedThe following information shall be published before the tariff period by the regulatory authority or the transmission system operator as decided by the regulatory authority.

RemovedThis information shall be provided separately for transmission activities where the transmission system operator is part of a larger commercial entity or holding.

Removed1. The entity responsible calculating, setting and approving the different components of the methodology.

Removed2. A description of the methodology, including at least a description of:

Removed(a) the overall methodology, such as revenue-cap, hybrid, cost-plus or tariff benchmarking;

Removed(b) the methodology to set the regulated asset base (RAB), including:

Removed(i) methodology to determine the initial (opening) value of the assets as applied at the start of the regulation and when incorporating new assets to the regulatory asset base;

Removed(ii) methodology to re-evaluate assets;

Removed(iii) explanations of the evolution of the value of the assets;

Removed(iv) treatment of decommissioned assets;

Removed(v) depreciation methodology applied to the regulated asset base, including any changes applied to the values.

Removed(c) the methodology to set the cost of capital;

Removed(d) the methodology to determine the total expenditure (TOTEX) or, if applicable, operational expenditure (OPEX) and capital expenditure (CAPEX);

Removed(e) the methodology to determine the efficiency of the cost, if applicable;

Removed(f) the methodology applied to set the inflation;

Removed(g) the methodology to determine premia and incentives, if applicable;

Removed(h) non controllable costs;

Removed(i) services provided within the company holding, if applicable.

Removed3. The values of the parameters used in the methodology

Removed(a) the detailed values of the parameters that are part of the cost of equity and cost of debt or weighted average cost of capital expressed in percentages;

Removed(b) depreciation periods in years applicable separately to pipelines and compressors;

Removed(c) changes in the depreciation period or in the acceleration of the depreciation applied to assets;

Removed(d) efficiency targets in percentages;

Removed(e) inflation indices;

Removed(f) premia and incentives.

Removed4. The values of costs and expenditures that are used for setting the allowed or target revenue in the local currency and in euro of:

Removed(a) the regulated asset base per asset type detailed per year until its full depreciation, including:

Removed(b) investments added to the regulated asset base, per asset type;

Removed(c) the depreciation per asset type until the full depreciation of the assets;

Removed(d) the cost of capital including the cost of equity and the cost of debt;

Removed(e) operational expenditures;

Removed(f) premia and incentives detailed separately per item.

Removed5. Financial indicators to be provided for the transmission system operator. In the event of the transmission system operator being part of a larger holding or company, these values shall be provided separately for the transmission system operator, including:

Removed(a) earnings before interest, taxes, depreciation, and amortisation (EBITDA);

Removed(b) earnings before interest and taxes (EBIT);

Removed(c) return on assets I (ROA) = EBITDA / RAB;

Removed(d) return on assets II (ROA) = EBIT / RAB;

Removed(e) return on equity (ROE) = Profit / Equity;

Removed(aa) return on capital employed (RoCE);

Removed(bb) leverage ratio;

Removed(cc) net debt / (Net debt + Equity);

Removed(dd) net debt / EBITDA.

RemovedThe regulatory authority or the transmission system operator shall provide a simplified tariff model including the disaggregated parameters and values of the methodology and allowing to replicate the calculation of the allowed or target revenue of the transmission system operator.

Removed6. Transmission system operators shall maintain and make available to the competent authority upon request a daily log of the actual maintenance and flow disruptions that have occurred. Information shall also be made available on request to those affected by any disruption.

Removed2. Principles of capacity-allocation mechanisms and congestion- management procedures concerning transmission system operators and their application in the event of contractual congestion

Removed2.1. Principles of capacity-allocation mechanisms and congestion-management procedures concerning transmission system operators

Removed1. Capacity-allocation mechanisms and congestion-management procedures shall facilitate the development of competition and liquid trading of capacity and shall be compatible with market mechanisms including spot markets and trading hubs. They shall be flexible and capable of adapting to evolving market circumstances.

Removed2. Those mechanisms and procedures shall take into account the integrity of the system concerned as well as security of supply.

Removed3. Those mechanisms and procedures shall neither hamper the entry of new market participants nor create undue barriers to market entry. They shall not prevent market participants, including new market entrants and companies with a small market share, from competing effectively.

Removed4. Those mechanisms and procedures shall provide appropriate economic signals for efficient and maximum use of technical capacity and facilitate investment in new infrastructure.

Removed5. Network users shall be advised about the type of circumstance that could affect the availability of contracted capacity. Information on interruption should reflect the level of information available to the transmission system operator.

Removed6. Should difficulties in meeting contractual delivery obligations arise due to system integrity reasons, transmission system operators should notify network users and seek a non-discriminatory solution without delay.

RemovedTransmission system operators shall consult network users regarding procedures prior to their implementation and agree them with the regulatory authority.

Removed2.2. Congestion management procedures in the event of contractual congestion