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ANNUAL REPORT - HSE

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2.7 Sales and<br />

customers<br />

2.7.1 Electricity<br />

Price of electricity<br />

As in previous years, the consumptions of electricity in<br />

Slovenia was subject to numerous factors in 2008, of<br />

which the most important were the structure and size<br />

of economic growth, demographic changes, overall<br />

development of the society, the level of technological<br />

development, climate change, environmental awareness,<br />

sustainable development, changes in energy<br />

prices and the parity of energy prices.<br />

while 3% of domestic sales related to sales to other<br />

customers and ELES (tertiary and secondary control<br />

energy and deviations). Exports account for 24% of the<br />

sales.<br />

Structure of electricity sales in<br />

2008 and 2007 in MWh<br />

2008<br />

18 %<br />

In Slovenia, GDP is still the factor with the biggest impact<br />

on the amount of electricity consumption. In 2008<br />

the companies belonging to the second energy pillar<br />

established their own balancing group, thus increasing<br />

their active participation in the market. This, however,<br />

did not give rise to an increase in the quantity of<br />

energy produced by these companies.<br />

24 % 58 %<br />

In 2008 <strong>HSE</strong> sought to ensure efficient and secure<br />

supply of electricity to its customers. To this end, it<br />

strengthened its activities to provide for efficient separation<br />

between trading, production and transmission<br />

of electricity.<br />

Domestic market - others<br />

Distribution<br />

Foreign market<br />

In 2008 the price of electricity was again determined<br />

on the basis of market prices, with the margin price<br />

being determined based on the engagement of the<br />

most expensive unit at a specific moment.<br />

2007<br />

17 %<br />

To maximise the company’s operating results at acceptable<br />

risk exposure, the <strong>HSE</strong> Group coordinated<br />

activities in connection with the sale of electricity generated<br />

by <strong>HSE</strong> Group companies, trading in electricity<br />

from other sources and management of production<br />

plants of <strong>HSE</strong> Group companies.<br />

Sales volume and structure<br />

In 2008 the <strong>HSE</strong> Group sold 13,705 GWh of electricity<br />

in both domestic and foreign markets. The most<br />

important was the domestic market, which accounted<br />

for 76% of total sales, of which 58% to five distribution<br />

companies and 15% to other direct consumers,<br />

27 % 56 %<br />

Domestic market - others<br />

Distribution<br />

Foreign market<br />

<strong>ANNUAL</strong> <strong>REPORT</strong> <strong>HSE</strong> | BUSINESS <strong>REPORT</strong><br />

53

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