Business overview

TGC-2 on heat power market

TGC-2 is functioning on heat power markets of 12 cities, 7 of which hold 95% of market realization: Vologda, Yaroslavl, Tver, Arkhangelsk, Severodvinsk, Novgorod, and Kostroma. In its relations with heat power consumers, TGC-2 is oriented to attainment and maintenance of balance between economic interests and observance of rules of reliable and non-stop current and perspective power supplying. Company merchandising will be based on forming the offering price no higher than heat power production expenses on own and alternative sources of customers, developing a long-term contractual relations with industrial customers that perceive flexible pricing policy, active interaction with City Administrations in order to build-up optimum channels of heat distribution for city consumers.

TGC-2 on electric power market

On the wholesale market of electric energy and power industry TGC-2 is an active participant of all its sectors: regulated market of electric energy and power, day-ahead electric energy market, balancing market of electric energy. According to 2006 data, sales portion on competitive markets (day-ahead electric energy market and balancing market of electric energy) was 7.2%. In medium-term perspective there will be continuous liberalization of the wholesome market of electric energy and increasing the portion of competitive markets, which is characterized by free price formation and choosing counterparts for power and heat delivery, and that of course will positively reflect on profitableness of company business.

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