012 - ČEZ Distribuce

ČEZ Distribuce, a. s.
Glossary of Terms and Abbreviations
Glossary of Terms and Abbreviations
Glossary of Terms and Abbreviations
Term
Asset management
Cash pooling
Distribution grid
EBIT
EBITDA
EMS
Energy Regulatory Office
Framework agreement
Commentary
Disposition of the company’s current and non-current assets, including plant
and equipment and various components thereof, such as power lines, substations,
and transformer stations, including machinery and equipment for automating
their operation. All of these items are referred to using the general term “assets”.
A method for optimizing management of bank accounts. Using this method, the
balances on accounts of participating companies are consolidated on a daily
basis. Contractually stipulated credit and debit interest rates are applied to
accounts involved in the cash pool.
A mutually interconnected set of 110 kV power lines and equipment – with the
exception of selected 110 kV power lines and equipment that are part of the
transmission grid – and 0.4/0.23 kV, 3 kV, 6 kV, 10 kV, 22 kV and 35 kV power
lines and equipment that serves purposes of distributing electricity in a designated
area of the Czech Republic, including metering, protective, control, security,
information and telecommunications systems and technologies.
Earnings Before Income Tax.
Earnings Before Income Tax, Depreciation, and Amortization.
Environmental Management System.
Administrative office responsible for regulating the energy sectors; has its own
separate category in the Czech Republic national budget. The seat of the
Energy Regulatory Office is Jihlava. The Energy Regulatory Office is charged
with supporting competition and protecting consumer interests in those areas
of the energy sector where competition is not possible, with the aim of satisfying
all reasonable demand for energy.
An agreement entered into between a trader and the distributor in cases when
the trader has at least one customer with an aggregation agreement.
045