Investor Presentaiton
Germany:
2.2 Revenue cap (Onshore), Cost+ model (Offshore)
Revenue cap &
Cost+ Model
Key principles
next tariff methodology
REVENUE
COSTS
Levies
(Neutral)
Pass-
through
costs
Offshore
surcharge
All other
costs
Non-
influenceable
costs
Influenceable
costs
RoE
elia group
Onshore
·
•
·
RoE set at 4.13% on 40% of the RAB
Investment measures phasing out to CCA1
model
Annual update of the RAB
•
All capex treated equally
.
•
Cost of debt compared with a generic
interest rate
Cost assessment based on base year²
Xind³ and Xgen³
Offshore
Net
Profit
•
RoE set at 4.13% on 40% of the RAB
Offshore opex remain cost+
.
Average RoE
2019-2023
~9%-11%
Average RoE
2024-2028:
decrease of ~2%
compared to 2019-2023
123
CCA
2.
3.
Capital Cost Allocation model.
2021 is the base year for 4th regulatory period 20204-2028 and approval of cost report expected in 2022.
Determination of efficiency value and sector productivity expected in 2023.
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