Moscow electricity commission approves RAB parameters for MOESK in 2011-2015
MOSCOW. Jan 11 (Interfax) - Moscow's Regional Electricity Commission has approved the Regulated Asset Base (RAB) tariffs for Moscow United Electric Grid Company (MOESK) and United Electricity Company in 2011-2015.
According to the commission's resolution, growth in required gross revenue (NVV) for MOESK will total 12.8% in 2012, just over 17% in 2013 and 18.5% in 2014, and will decline 2.77% in 2015.
RAB parameters for MOESK in 2011-2015 (bln rubles):
| Year | NVV | Invested capital | Yield requirement, old capital % | Yield requirement, new capital, % |
| 2011 | 38.5 | 239.55 | 6 | 12 |
| 2012 | 43.43 | 254.6 | 9 | 12 |
| 2013 | 50.89 | 270.444 | 11 | 11 |
| 2014 | 60.3 | 289.74 | 11 | 11 |
| 2015 | 58.63 | 313.15 | 11 | 11 |
For Unified Electricity Company, tariff revenue will rise 56% in 2012 (to 7.747 billion rubles from 4.966 billion rubles), 17.8% in 2013 (to 9.13 billion rubles), 17.2% in 2014 (to 10.7 billion rubles) and 15% in 2015 (to 12.3 billion rubles).
The Federal Tariffs Service (FTS) approved the switch to RAB tariffs for MOESK and United Electricity at the end of December 2010, for which five-year transition periods have been established.
MOESK is the chief electricity distributor in Moscow and the surrounding Moscow region, excluding trunk networks. State-owned IDGC Holding has control.
Unified Electricity Company is owned by the city of Moscow. IDGC Holding is currently discussing the idea of merging the company into MOESK.
RTS$#&: MSRS