INHALT

Commission Decision (EU) 2015/1877 of 20 April 2015 on tariffs charged by S.C. Hidroelectrica SA of Romania to S.C. Termoelectrica SA and S.C. Electrocentrale Deva SA — SA.33475 (12/C) (notified under document number C(2015) 2648) (Text with EEA relevance)

COMMISSION DECISION (EU) 2015/1877
of 20 April 2015
on tariffs charged by S.C. Hidroelectrica SA of Romania to S.C. Termoelectrica SA and S.C. Electrocentrale Deva SA — SA.33475 (12/C)
(notified under document number C(2015) 2648)
(Only the English text is authentic)
(Text with EEA relevance)
1.
PROCEDURE
2.
DESCRIPTION OF THE AID MEASURES
2.1.
The contracting parties
2.1.1.
Hidroelectrica
2.1.2.
The beneficiaries
2.2.
Other market information
2.3.
The contracts
2.4.
The Romanian electricity market
2.4.1.
The Regulated Electricity Market
2.4.2.
The Competitive Electricity Market
2.4.3.
OPCOM-PCCB
2.4.4.
The market for directly negotiated contracts
2.4.5.
Short description of the directly negotiated contracts contemporaneous with the Contracts
2.4.6.
Hidroelectrica contracts for sale of electricity
2.5.
Developments after 2011 and interlinks between Termoelectrica, Electrocentrale Deva, Electrocentrale Paroseni and CEH
3.
GROUNDS FOR INITIATING THE FORMAL INVESTIGATION PROCEDURE
4.
COMMENTS FROM ROMANIA
5.
COMMENTS FROM THIRD PARTIES
6.
ASSESSMENT
6.1.
Existence of State aid
6.1.1.
Assessment of the economic advantage
6.1.2.
State resources and imputability
6.1.3.
Selectivity
6.1.4.
Distortion of competition and effect on trade
6.1.5.
Conclusion on the existence of State aid
6.2.
Compatibility of the aid
6.3.
Recovery
6.3.1.
Termoelectrica — economic continuity with CEH
6.3.2.
Electrocentrale Deva — economic continuity with CEH
6.3.3.
Conclusion on the recovery
7.
CONCLUSION
Article 1
Article 2
Article 3
Article 4
Article 5
ANNEX
ASSESSMENT OF THE ECONOMIC ADVANTAGE — ECONOMETRIC ANALYSIS
Rationale and description of the econometric analysis
Results of the econometric analysis