As an operator in the field of generation, distribution, transport and sale of electricity and the sale of natural gas, Enel carries out transactions with a number of companies directly or indirectly controlled by the Italian State, the Group’s controlling shareholder.
The table below summarizes the main types of transactions carried out with such counterparties.
|Related party||Relationship||Nature of main transactions|
|Acquirente Unico - Single Buyer||Fully controlled (indirectly) by the Ministry for the Economy and Finance||Purchase of electricity for the enhancedprotection market|
|Cassa Depositi e Prestiti Group||Directly controlled by the Ministry for the Economy and Finance||Sale of electricity on the Ancillary Services Market (Terna)
Sale of electricity transport services (Eni Group)
Purchase of transport, dispatching and metering services (Terna)
Purchase of postal services (Poste Italiane)
Purchase of fuels for generation plants and natural gas storage and distribution services (Eni Group)
|GSE - Energy Services Operator||Fully controlled (directly) by the Ministry for the Economy and Finance||Sale of subsidized electricity
Payment of A3 component for renewable resource incentives
|GME - Energy Markets Operator||Fully controlled (indirectly) by the Ministry for the Economy and Finance||Sale of electricity on the Power Exchange (GME)
Purchase of electricity on the Power Exchange for pumping and plant planning (GME)
|Leonardo Group||Directly controlled by the Ministry for the Economy and Finance||Purchase of IT services and supply of goods|
In addition, the Group conducts essentially commercial transactions with associated companies or companies in which it holds minority interests.
Finally, Enel also maintains relationships with the pension funds FOPEN and FONDENEL, Fondazione Enel and Enel Cuore, an Enel non-profit company devoted to providing social and healthcare assistance.
All transactions with related parties were carried out on normal market terms and conditions, which in some cases are determined by the Regulatory Authority for Energy, Networks and the Environment.
For more details on transactions with related parties, please see the discussion in note 47 to the consolidated financial statements.