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    • Introduction
      • The chairman’s statement
      • General director’s statement
      • Key events of 2015
    • Interactive analysis
    • 1. About the company
      • 1.1. Сompany’s profile
      • 1.2. Organisational structure of PJSC RusHydro
      • 1.3. The RusHydro group structure
      • 1.4. Geography activities
      • 1.5. Awards 2015
    • 2. Strategic review
      • 2.1. The company’s strategy
      • 2.2. Risk management
      • 2.3. The financial performance
      • 2.4. Investments
      • 2.5. Innovative development
      • 2.6. The company on the securities market
    • 3. Business review
      • 3.1. Business model
      • 3.2. Electricity and capacity market overview
      • 3.3. Tariff regulation
      • 3.4. Operational results
      • 3.5. International cooperation
    • 4. Corporate governance
      • 4.1. Corporate governance system
      • 4.2. Governing bodies
      • 4.3. External and internal control
      • 4.4. Report on remuneration to the management and control authorities
      • 4.5. Business ethics and anti-corruption
    • 5. Sustainable development
      • 5.1. Sustainable development management
      • 5.2. Interaction with Stakeholders
      • 5.3. Personnel and social policy
      • 5.4. Safety and environmental protection
      • 5.5. Energy efficiency
      • 5.6. Charity
    • Management Viewpoint
    • Contacts
    • Glossary of key terms and abbreviations
    • Responsibility Statement
    • Download Annual Report in PDF
    • 2015 RusHydro Appendices Book

      Glossary of key terms and abbreviations

      Company, RusHydro

      PJSC RusHydro, including its branches and executive office

      The RusHydro Group

      PJSC RusHydro, including its subsidiaries and dependent companies (SDCs)

      PJSC RAO Energy Systems of the East

      Public Joint Stock Company RAO Energy Systems of East

      RAO Energy Systems of the East Group

      PJSC RAO Energy Systems of the East, including its subsidiaries and dependent companies

      FTS

      Federal Tariff Service

      Gcal

      Gigacalorie – a unit of measurement for heating energy

      Gcal/h

      Gigacalorie-Hour – a unit of measurement for heating power

      HPP

      Hydropower plant – the power plant as a unified production and technological complex, combining hydro-technical constructions and equipment that transforms mechanical energy from water into electric energy. In the text of the annual report, except when otherwise noted, tidal power stations and PS HPPs are included as HPPs

      HTC

      Hydro-technical constructions – dams, hydropower plant constructions, spillways, drain and water-discharge constructions, tunnels, channels, pumping stations, navigation locks, boat lifts; buildings used to protect from floods and the destruction of water reservoir shores; dam constructions, protecting the liquid waste reservoirs of production and agricultural organisations; devices that protect against washing-away and other constructions designed to use water resources and to prevent any negative impact from water and liquid waste

      IES

      Integrated Energy System (IES) – aggregated production and other electricity property assets, connected via a unified production process (including production in the form of the combined generation of electrical and heat energy) and the supply of electrical energy under the conditions of a centralized operating and dispatch management

      Installed capacity

      Total nominal active capacity of generators at electric power plants which are part of the Group’s structure

      JSC RAO UES of Russia

      The Russian energy company (until July 1st, 2008). Full name – Open Joint Stock Company Unified Energy System of Russia. The Company previously united almost all of Russia’s energy sector under its umbrella. JSC RAO UES of Russia ceased to exist as of June 30th, 2008 due to comprehensive energy sector reform

      kW·h

      Kilowatt-Hour – a unit of measurement for produced electricity

      MW

      Megawatt – a unit of measurement for electrical capacity

      NM WEM

      The new model of the wholesale electricity and capacity market foresees the transformation of the regulated sector of the wholesale market into a system of regulated contracts (RCs), concluded by wholesale market participants. Electricity and capacity will be sold under RCs. The volume of electricity not sold under RC s will be sold/purchased at free prices on the “day-ahead market” (at prices established as a result of the competitive choice of price applications and with free agreements, where prices are regulated by participants in the agreement(s)). At the same time, if the volume from the price application of purchases did not undergo competitive choice on the day-ahead market, the purchaser will have to buy the respective volumes for consumption on the balancing market

      PS HPP

      Pump storage hydropower plant – pump-storage power plant, which works by transforming electricity from other power plants into the potential energy of water; during reverse transformation, accumulated energy is contributed to the energy system primarily to cover deficits that may occur during peak load periods

      HTC

      Hydro-technical constructions – dams, hydropower plant constructions, spillways, drain and water-discharge constructions, tunnels, channels, pumping stations, navigation locks, boat lifts; buildings used to protect from floods and the destruction of water reservoir shores; dam constructions, protecting the liquid waste reservoirs of production and agricultural organisations; devices that protect against washing-away and other constructions designed to use water resources and to prevent any negative impact from water and liquid waste

      RC

      Regulated contracts are concluded by participants in the wholesale market for a term of 1 to 3 years. The prices in each of these agreements are tariffs for energy suppliers and the capacity set by the Russian FTS. The primary condition of the RC is “take or pay”. The supplier has to provide the agreed upon amount of electricity (capacity) and (only for electricity) buy in the market at competitive prices on either the day-ahead market or via a free bilateral agreement. The purchaser has to pay for the agreed upon amount independent of its own planned consumption

      RES

      Renewable energy sources – examples include: hydro, solar, wind, geo-thermal, hydraulic energy, energy from water currents, waves, tides, the temperature gradient of sea water, temperature differences between air masses and the ocean, heat from the Earth , animal bio-masses and vegetable and household waste

      SDCs

      Subsidiaries and dependent companies – entities, in which another (main) economic entity due to its majority or greater participation in the charter capital or in accordance with a concluded agreement or in another way, has the opportunity to determine the decisions adopted by said entities

      TGCs

      Territorial generating companies – companies formed during the inter-regional integration of generating assets of JSCenergy (regional generating companies), except generating assets that are included in the OGK(s)

      WEM, WECM

      Wholesale electricity market (capacity) – sphere for the turnover of electrical energy (capacity) within the framework of Russia’s integrated energy system within the country’s unified economic space with the participation of large electricity producers and consumers that have the status of wholesale market objects, confirmed in full accordance with the Russian Federal Law “On the electric power industry” (by the Russian Government). The criteria for including large electricity producers and consumers in the category of large producers and large consumers are also established by the Russian government

      WGCs

      Generating companies of the wholesale electricity market (WEM) – companies formed on the basis of the power plants

      WPS

      Wind electric plants include two or more wind energy installations designed to convert wind energy into electric energy and its transmission to consumers