BUSINESS MODEL: the tolling agreement

Edipower has made a precise strategic choice: to separate the industrial risks of the producer – which remain the responsibility of Edipower – from those of the market – which remain the responsibility of the Industrial Shareholders.

The instrument identified to translate this strategic guideline is an agreement, named Tolling Agreement for the thermoelectric production and Power Purchase Agreement for the hydroelectric production, whose mechanism provides that the Industrial Shareholders supply pro-rata the fuel necessary to produce electrical energy and withdraw the energy to market it directly.

The Tolling/Power Purchase Agreement

• It is a contract between the Industrial Shareholders and Edipower

• Edipower, as producer, will be in charge only the technical risks of production deriving from the operation, maintenance and repowering of the plants

• The Industrial Shareholders, named Tollers, will be in charge the market risks of the fuel procurement and of the electrical energy sale.
  

OPERATIVE RISKS   Operation Edipower   Maintenance   Repowering

MARKET RISKS   Fuels procurement Shareholders   Energy marketing

Pro-rata sharing of the energy for each Shareholder: