Development and quality of services
Snam promotes constructive relations and collaboration with regulators and institutions and works to continue developing market-oriented services, with a focus on maintaining high quality. Its goal is to offer stability, continuity and transparency, as well as suitable economic returns to make investment strategies sustainable.
Regulations in Italy
The tariff criteria are usually defined every four years and guarantee coverage of the operating costs, the depreciation/amortisation and a fair remuneration of the net invested capital. Incentives, differentiated based on the type of capital expenditures made during the course of each regulatory period, are also envisaged.
In the Snam’s sustainable development business model, quality and regularity of relations between the Company and the Energy Network and Environmental Regulatory Authority (ARERA) play a crucial role.
Tariff regulations in particular, have, over time, become an essential condition both for guiding investment in the network and primarily to leverage the infrastructural capital in economic terms. Today, in fact, the 96% of Snam’s revenues are regulated.
Snam interacts with the ARERA in the following ways:
- responding, directly or through trade associations, to public consultations that the Authority holds in relation to the various activities of the industry, in preparation to define new standards or to review the standards in force;
- participating in the technical work tables established by the Authority, again with regard to the evolution of the regulatory framework;
- drafting amendments to the Transportation, Storage, and Regasification Network Codes, later submitted to the Authority for approval;
- participating in the collection of data and the investigations carried out in the course of the year for the purposes of assessing the state of the industry or of the individual services, and to periodically forward the data requested in compliance with reporting obligations.
| Download XLS (16 kB) |
Description |
Transportation |
Storage |
Regasification |
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Responses to consultation documents |
8 |
0 |
2 |
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Responses to consultations/observations via associations* |
16 |
3 |
5 |
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Tariff proposals |
4 |
5 |
1 |
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Data-gathering exercises |
129 |
91 |
28 |
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Investigations** |
3 |
2 |
0 |
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Proposed changes to codes and contractual documents*** |
14 |
4 |
0 |
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Proposed changes to approved codes and contractual documents |
12 |
2 |
0 |
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