Tariff service approves preliminary 2012 electricity balance, consumption to rise 2.3%
MOSCOW. July 26 (Interfax) - The Federal Tariffs Service (FTS) has approved the preliminary, forecast electricity balance for 2012, which projects electricity consumption to rise 2.3% to 1.049 trillion kilowatt-hours, an FTS spokesman told Interfax.
"We will make the final approval somewhere before November 1," he said.
The FTS also examined adjustments to the 2011 electricity balance, which only involves "technical changes," he said.
The 2011 electricity balance approved in November 2010 projects consumption to rise 3.6% to 1.013 trillion kilowatt-hours.
The consumption increase in 2012 was calculated using the expected consumption in 2011 based on System Operator data, 1.026 trillion kWh.
The final forecast balance for 2012 to be approved by November will incorporate actual data for the first seven-eight months of the year, the approved schedule for equipment maintenance, an analysis of actual transmission losses and volumes delivered to residential consumers and other consumers in the same category, as well as changes in the makeup of the wholesale market.
The electricity balance is the basic document the FTS uses in setting the tariffs for the various segments of the electricity sector. The balance projects total generation nationwide, as well as output from nuclear and hydropower plants, and losses on FGC and IDGC grids.