business plan for 2004 - EDP

2003 - Annual Report - EDP
• In SENV, in which, at the end of 2003, it was responsible
for the supply of 1 404 of 1 919 customers that had
subscribed to the SENV. On the generation side, the
emphasis is on the construction by Termoeléctrica do
Ribatejo (TER) of a new natural gas combined-cycle
power plant designed to operate within the SENV that
is planned to come on stream in stages between 2004
and 2006; and
• The PRE, in which it has sought to encourage electricity
generation based on mini-hydroelectric, cogeneration
and renewable energy plants.
Regulation
• Service Quality
During 2003, the Direcção Geral de Energia (DGE)
published new Service Quality Regulations (RQS),
which mainly differed from the previous ones in the
provisions concerning service continuity standards, the
method of calculation and payment of compensations,
the establishment of complementary rules and the
specification of recurrent procedures regarding the
presentation of complaints;
• Opening up of the Markets
In accordance with Directive 2003/54/EC, of June 26,
which establishes common rules for the Internal
Electricity Market, the Member States must ensure that
their markets are open in respect of at least 34.53% of
national annual consumption.
The eligibility thresholds, which came into effect on
January 1, 2002, extended the possibility of access to the
SENV to all customers connected at medium, high and
very high voltage.
This is a potential group of about 21 300 customers with
the consumption of approximately 20 900 GWh,
accounting for about 48.5% of electricity consumption
based on to emission.
By December 31, non-binding customer (CNV) status
had been granted to 2 620 customers, corresponding to
12.3% of the number of potentially eligible installations.
Customers in the SENV vs. Customers with Non-
Binding Standing
Jan-03
Feb-03
Mar-03
Apr-03
May-03
Jun-03
Jul-03
Aug-03
Sep-03
Oct-03
Nov-03
Dec-03
622
707
889
989
1 093
1 244
1 356
1 480
1 582
1 690
1 811
1 919
1 417
1 556
1 662
1 790
1 959
2 033
2 130
2 197
2 282
2 380
2 482
2 620
Customers in the SENV Customers with CNV Status
Of the 2 620 customers with non-binding customer
status existing in December, 1 919 left the SEP, whose
consumption totalled 4 048 GWh, or about 10.4% of
total supplies by EDP Distribuição.
• Evolution of Tariffs over Time
Over the past seven years, average electricity selling
prices have suffered an average annual decrease, in real
terms, of about 3.0% in low voltage and 4.7% in the
other voltages taken together.
Evolution of Average Low Voltage Electricity Prices
Price Index
110
100
90
80
70
60
50
40
30
20
10
0
1996 1997 1998 1999 2000 2001 2002 2003
Current Prices Constant Prices - GDP pm Deflator
Evolution of Average Very High, High and Medium
Voltage Electricity Prices
Price Index
110
100
90
80
70
60
50
40
30
20
10
0
4
2
0
-2
-4
-6
-8
-10
-12
1996 1997 1998 1999 2000 2001 2002 2003
Current Prices Constant Prices – GDP pm Deflator
Nominal and Real Variation of Average Electricity
Prices
(%)
1996 1997 1998 1999 2000 2001 2002 2003
Nominal Variations Real Variations (GDP pm Deflator)
72/73