Global Leader in Hydro Power and Aluminium
Capacity (KOM) Prices Provide 6-year Revenue Visibility
Capacity sales
En+ 2019 sales
volume
2019 revenue
contribution²
Capacity
auction
(KOM)
Annual capacity auctions by the System Operator for
the capacity supply in 6 years' time
Price is defined by supply-demand balances and set in
real terms with CPI-0.1% indexation
Regulated
contracts
(RC)
Heat
generation
and heat &
electricity
T&D
Signed between the power producers and power
sales companies who buy on behalf of residential
consumers
Regulated tariffs are set by FAS and generally
indexed to inflation
Tariffs are regulated by local authorities
on 'cost+' methodology
Source: FAS, System Operator, ATS, Federal laws, Rosstat, SEEPX Energy, En+ Group
(1) Monthly capacity sales over 12 months period (x12)
(2) Based on Power segment's revenue of USD 2,989 mn in 2019, of which 15% contributes to other revenues
En+ Group overview
Investment highlights
Sustainable business
development
141.7 GW¹
Development of capacity prices
(th. RUB/MW/month)
1364
Actual price
24
303
-15%
(incl. indexation) 299
285
279
254
267
264
28.7 GW¹
212/
211
225
200
189 190
Base price
0.9%
189 182 186190 191
KOM prices in the 2nd
price zone
27.3 mGcal
(Heat)
32.9 TWh
(T&D)
21%
60 59
57 59
Regulated contracts
2016
2018
Results snapshot
Power segment
2020
2022
2024
Based on liberalisation of capacity
market in Siberia, En+ sold at KOM the
following % of their capacity: 68% in
2016 and 87% in 2017
Metals segment
Ent
GROUP
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