Annual Report 2006 - Enel.com

Regulatory and rate developments
The “Bersani” bill
On June 9, 2006, the Council of Ministers approved the text of a bill containing
measures for the completion of the liberalization of the electricity and gas
market and to boost energy savings and the use of renewable energy resources.
The main measures include:
> the establishment by the Authority for Electricity and Gas (Authority) of
public service obligations, notably standard service delivery conditions, to
safeguard households and small enterprises;
> rules governing financial derivatives connected with the physical electricity
and gas markets;
> stronger rules governing unbundling, with the corporate separation of
electricity transport, gas transport and gas storage operations from the
production, supply and sale of electricity and gas;
> a revision of antitrust ceilings for gas imports;
> the definition of criteria for assessing offers for the distribution of gas;
> an increase in energy efficiency targets for distributors;
> incentives for the construction of new gas pipelines and regasification
terminals for local authorities that host energy infrastructure;
> the extension of the powers of the Authority for Electricity and Gas to all
activities in the electricity and gas industry and the strengthening of its
powers regarding the promotion of competition.
The bill was presented in the Senate to start its passage through Parliament.
General costs of the electricity system
With joint decrees dated August 6, 2004 and June 22, 2005, the Ministry for
Economic Development and the Ministry for the Economy and Finance set the
amount of electricity generation costs that cannot be recovered through rates
and the extra costs connected to the natural imported gas from Nigeria
(stranded costs) and the related terms of reimbursement. The June 22, 2005
decree spread payments over a period ending in 2009 and defined payments
26 Enel Annual Report 2006 Report on operations