Annual Report 2010 - Enel.com

Gas transport and metering rates
With Resolution ARG/gas no. 176/10 the Authority specified
the procedures for compensating amounts deriving
from the use of rates specified for a smaller number of areas
than those used for the conferral of transport capacity
for the 2009-2010 gas year. The compensation mechanism
regards the January-September 2010 period.
At the end of 2009, with Resolution ARG/gas no. 184/09,
the Authority set transport and metering rates for 2010-
2013, partially amending the rate structure for the previous
regulatory period. With Resolution ARG/gas no.
192/09, the Authority established the new procedures for
allocating all gas lots not subject to metering on transport
networks, including unaccounted-for gas (UFG), to users.
On the basis of these measures, the Authority then issued
Resolution ARG/gas no. 198/09 approving the reference
rates for 2010, providing for a larger increase in transport
rates than the national average for users who import gas
from the network entry points.
In April 2010 Enel Trade appealed Resolutions ARG/gas
nos. 184/09, 192/09 and 198/09.
Pending the hearing, the Authority issued Resolution
ARG/gas no. 218/10 approving the transport and metering
rates for 2011. Enel Trade has also appealed that
measure.
Gas Exchange and the daily balancing market
Article 30 of Law 99/09 of July 23, 2009 charges the Energy
Markets Operator (EMO) with the financial management
of the natural gas market (Gas Exchange), in accordance
with rules prepared by the EMO and approved by the
Ministry for Economic Development, and provides for the
acceptance of gas purchase and sale offers by the EMO on
an economic merit basis.
Pursuant to Article 30, paragraph 2, the Minister for Economic
Development issued a decree on March 18, 2010,
establishing the procedures for the EMO to use, as from
May 10, 2010, in managing transactions in gas lots imported
from non-EU countries subject to the mandatory
offer requirement, later regulated by Resolution ARG/gas
no. 58/10. The decree establishes that the EMO shall take
on the role of sole central counterparty.
With a decree of August 6, 2010, the Minister for Economic
Development provided for the sale, on the platform
operated by the EMO, of the in-kind royalties due to
the State by natural gas producers in Italy, governed by
Resolution ARG/gas no. 132/10. The gas trading platform
launched on May 10, 2010, for transactions in imported
gas and royalty gas provided for the offer of monthly/annual
products without the EMO acting as a counterparty.
On December 10, 2010, the EMO launched the Gas Exchange
for the trading of spot products, taking on the role
of central counterparty.
In December 2010, the Authority opened its guidelines for
the introduction of a gas balancing market and physical
and financial settlement among the parties involved up to
consultation (DCO no. 45/10 and DCO no. 46/10).
Allocation criteria
With Resolution ARG/gas no. 62/09 the Authority initiated
a review of the criteria used to allocate gas among users
of the transport system’s shared redelivery points. The
current procedure, established under Article 29 of Resolution
no. 138/04 and extended once to September 30,
2010, was extended again to September 30, 2011, with
Resolution ARG/gas no. 27/10.
With the same resolution, the Authority established a new
calculation method for daily allocation of gas withdrawn
by customers not subject to daily metering. The procedure,
which will be valid for the period October 2010 - September
2011, will also be applied in recalculating transport
and storage fees paid by users in the period October 1,
2007 - September 30, 2010.
The adjustment payments in respect of such fees for the
2007-2008 and 2008-2009 gas years will be made by the
end of February 2011. Those for the 2009-2010 gas year
will be made in the first few months of 2011.
Late metering adjustments
With Resolution ARG/gas no. 182/09, the Authority established
the criteria for settling payments arising in respect
of late adjustments of metering data for final direct customers
of the transport network. With Resolution ARG/
gas no. 70/10, the scope of application was extended to
the shared city-gates in cases where the late adjustments
do not give rise to reallocations. As from July 2010, halfyearly
netting sessions will be conducted at a regulated
monthly price to cover the cost of raw materials and transport.
Coverage of gas social rate costs and energy efficiency
measures
With Resolution ARG/gas no. 177/10, the Authority established,
as from January 1, 2011, the application of the
GS and RE fees to end users connected to the transport
T T
network. The fees are intended to finance, respectively,
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