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