Maximum tariffs of TenneT for 2015 are lowered
The Netherlands Authority for Consumer and Markets (ACM) has decided to reduce the maximum tariffs that Dutch transmission system operator TenneT is allowed to charge in 2015 by EUR 77 million. TenneT is the transmission system operator of the national high-voltage grid in the Netherlands.
This decision affects the tariffs that TenneT charges the regional network operators and other buyers for electricity transmission, and for maintaining a secure and safe supply of electricity. ACM sets the maximum tariffs because TenneT does not have any competitors, and buyers should be able to pay a reasonable price for TenneT’s services.
A reduction of 77 million
Henk Don, Member of the Board of ACM, explains: “On the one hand, TenneT has invested more than last year, which justifies higher tariffs. On the other hand, that increase is more than offset by a reduction as, among other reasons, ACM believes that TenneT is able to operate more efficiently. In addition, a reduction of EUR 45 million comes from the auction revenues. The total reduction is EUR 77 million. This has resulted in lower transmission tariffs for 2015.”
45 million from auction revenues for tariff reduction
In the past few years, a considerable amount of money has been raised with auctioning the scarce capacity on cross-border connections. TenneT is required to invest these funds in projects that resolve cross-border capacity problems or to use them for a tariff reduction. For 2015, EUR 45 million will be allocated to the latter option.
Tariffs may increase in the future
It is important to make enough investments. In the next few years, too, investments will continue to increase because of the transition towards sustainable energy. Countries will thus be able to help each other in times of need, or, for example, it can become easier to import cheap wind energy from Germany. ACM anticipates that, as a result of those investments, tariffs may increase in the future.