Propuesta retribución 2011 a las empresas distribuidoras eléctricas (Es) / Proposal of remunariton...

8/2/2019 Propuesta retribucin 2011 a las empresas distribuidoras elctricas (Es) / Proposal of remunariton of 2011 to the el

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^TE^VFRXC HF TFXT@DVB@G HFI@G@X@YC ^CTC FOCE 4>33 P HF TFXT@DVB@G ^TEY@R@EGCO ^CTCFO CE 4>34 ^ET OC CBX@Y@HCH HF H@RXT@DVB@G

HF FGFTKC FOBXT@BC HF OCR FJ^TFRCRH@RXT@DV@HETCR RVMFXCR C O@SV@HCB@EGFR BEG

CGXFT@ET@HCH CO 3 HF FGFTE HF 4>>0

43 hf h`b`fjdrf hf 4>33


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3

^TE^VFRXC HF TFXT@DVB@G HFI@G@X@YC ^CTC FO CE 4>33 P HFTFXT@DVB@G ^TEY@R@EGCO ^CTC FO CE 4>34 ÊT OCCBX@Y@HCH HF H@RXT@DVB@G HF FGFTKC FOBXT@BC HF OCRFJ^TFRCR H@RXT@DV@HETCR RVMFXCR C O@SV@HCB@EGFR BEGCGXFT@ET@HCH CO 3 HF FGFTE HF 4>>0

Fg fo fmfrb`bè hf ocs iugbègfs rfifr`hcs fg fo cpcrtche Xfrbfre.3 hf oc H`spes`b`g

Ch`bègco Vghb`jc hf oc Ofy 28/30033, lc cberhche fj`t`r fo

s`ku`fgtf

@GIETJF

3 EDMFXE

Fo edmfte hfo prfsfgtf hebujfgte fs prepegfr oc rftr`dub`g hfi`g`t`vc pcrc fo ce 4>33

y oc rftr`dub`g prev`sègco pcrc fo ce 4>34 pcrc oc cbt`v`hch hf h`str`dub`g hf fgfrkc

fobtr`bc hf ocs fjprfscs h`str`du`hercs sumftcs c o`qu`hcbègfs beg cgtfrèr`hch co 3 hf

fgfre hf 4>>0, fs hfb`r, ocs fjprfscs h`str`du`hercs beg js hf 3>>.>>> bo`fgtfs

begfbtches c sus rfhfs y IFYCRC y REOCGCT.

4 CGXFBFHFGXFR

Begierjf c oe h`spufste fg fo cpcrtche 3 hfo crtbuoe < hfo Tfco Hfbrfte 444/4>>33. êr fooe, fs prfb`se prebfhfr co bobuoe hf oc rftr`dub`g hfi`g`t`vc pcrc fo fmfrb`bè

4>33, cgtfs hf cderhcr fo bobuoe hf oc rftr`dub`g prev`sègco pcrc fo fmfrb`bè 4>34.


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4

Fg oe quf s`kuf, oes bobuoes sf rfifr`rg c ocs fjprfscs h`str`du`hercs sumftcs c

o`qu`hcbègfs beg cgtfrèr`hch co 3 hf fgfre hf 4>>0. Oes bobuoes rfoct`ves co rfste hf

fjprfscs h`str`du`hercs lcg s`he edmfte hf etre `gierjf `ghfpfgh`fgtf c stf.

2 BETTFBB@G HF OC TFXT@DVB@G HFI@G@X@YC ^CTC FO CE

4>3> ÊT OC CBX@Y@HCH HF H@RXT@DVB@G HF FGFTKC

FOBXT@BC

Fg oc Erhfg @XB/2262/4>3>, hf 4< hf h`b`fjdrf, per oc quf sf fstcdofbfg oes pfcmfs hf

cbbfse c pcrt`r hf 3 hf fgfre hf 4>33 y ocs tcrìcs y pr`jcs hf ocs `gstcocbègfs hfork`jfg fspfb`co sf i`m oc rftr`dub`g hfi`g`t`vc hf oc cbt`v`hch hf h`str`dub`g pcrc fo

ce 4>3> pcrc fstf beofbt`ve hf fjprfscs. H`blc Erhfg v`ge c rfprehub`r oes `jpertfs

begtfg`hes fg oc ^repufstc hf rftr`dub`g hfi`g`t`vc pcrc fo ce 4>3> y hf rftr`dub`g

prev`sègco pcrc oes ces 4>33 y 4>34 per oc cbt`v`hch hf h`str`dub`g hf fgfrkc

fobtr`bc hf ocs fjprfscs h`str`du`hercs sumftcs c o`qu`hcbègfs beg cgtfrèr`hch co 3 hf

fgfre hf 4>>0, cpredchc per fo Begsfme hf oc BGF fg su sfs`g hfo hc 39 hf

h`b`fjdrf hf 4>3>.

C su vfz, oc rftr`dub`g i`mchc fg oc rfifr`hc Erhfg @XB/2262/4>3> suir` sfghcs

berrfbbègfs y jehì`bcbègfs fg v`rtuh hf ocs Erhfgfs @XB/930/4>33, hf 3< hf jcrze

f @XB/3>933, hf 4< hf cdrò, cjdcs jet`vchcs per oc rfv`s`g hf oc rftr`dub`g hf oc

fjprfsc IFYCRC pcrc oes fmfrb`bès 4>>0, 4>3> y 4>33.

ûfs d`fg, hurcgtf fo trctcj`fgte hf oc `gierjcb`g pcrc oc focdercb`g hfo prfsfgtf

`gierjf sf lc hftfbtche ug frrer jctfr`cofg oes bobuoes rfco`zches pcrc fo fmfrb`bè

4>3> fg fo b`tche @gierjf hf oc BGF hf ifblc 39 hf h`b`fjdrf hf 4>3>. Fg begbrfte, c

ocs fjprfscs Vg`g Ifgesc H`str`dub`g, R.C., L`hrebcgtdr`be H`str`dub`g Fobtr`bc,

R.C., F.EG H`str`dub`g, R.O., IFYCRC y REOCGCT sf ofs begs`hfr fg fo bobuoe hf

su rftr`dub`g ocs `gvfrsègfs fifbtuchcs fg fo fmfrb`bè 4>3> fg fqu`pes hf jfh`hc

(begtcherfs), ocs bucofs yc seg rftr`du`hcs c trcvs hfo coquòfr jfgsuco quf cdegcg oes

begsuj`herfs i`gcofs per tcofs fqu`pes.


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2

Fg fo CGF\E @@ hfo prfsfgtf `gierjf sf rfprehubfg sfghes buchres fg oes quf sf

rfbekfg ocs `gvfrsègfs fifbtuchcs per fstf beofbt`ve hf fjprfscs h`str`du`hercs fg

begbfpte hf Etres bestfs (`gvfrsègfs quf per su gcturcofzc ge seg begtrcstcdofs beg

fo JTT). Fo buchre supfrèr rfbekf ocs `gvfrsègfs quf frrgfcjfgtf iufreg

begs`hfrchcs fg fo bobuoe hf oc rftr`dub`g hfo fmfrb`bè 4>3> (fg begbrfte fg fo bobuoe

hfo trj`ge P4>>0), fg tcgte quf fo buchre `gifrèr rfbekf ocs `gvfrsègfs quf hfd`freg

sfr begs`hfrchcs fg h`ble bobuoe ugc vfz hfsbegtchcs ocs rfoct`vcs c oes fqu`pes hf

jfh`hc. Beje pufhf bejpredcrsf, oes `jpertfs rfbek`hes fg fo buchre supfrèr seg

oes j`sjes quf i`kurcg fg begbfpte hf Etres bestfsfg fo buchre berrfspegh`fgtf co

fmfrb`bè 4>3> begtfg`he fg fo CGF\E @Y hfo @gierjf hf oc BGF hf ifblc 39 hf

h`b`fjdrf hf 4>3>.

Rf prebfhf c begt`gucb`g c rfbcobuocr oc rftr`dub`g hfi`g`t`vc pcrc fo ce 4>3> c fstf

beofbt`ve hf fjprfsc, fooe beg edmfte hf berrfk`r fo frrer jctfr`cohftfbtche.

Hf cbufrhe beg oe fstcdofb`he fg fo crtbuoe < hfo Tfco Hfbrfte 444/4>>>0 pcrc bcobuocr oc rftr`dub`g hf 4>3> fs oc

s`ku`fgtf=

SP)@C3()(TT `4>>0`

4>>04>3>4>>>0

`

4>3> `S

êr oe tcgte, oc rftr`dub`g berrfspegh`fgtf co ce 4>3>, T4>3>, sf edt`fgf cbtuco`zcghe

oc berrfspegh`fgtf c 4>>0, ugc vfz hfsbegtche fo `gbfgt`ve/pfgco`zcb`g per fo

bujpo`j`fgte e ge hfo edmft`ve i`mche c oc jfmerc hf oc bco`hch, T4>>0-S4>>3>), per fo fifbte bcgt`hch (P4>>0), y per fo rfsuotche hfo

`gbfgt`ve/pfgco`zcb`g quf berrfspeghc per fo bujpo`j`fgte, e ge, hfo edmft`ve i`mche

pcrc oc jfmerc hf oc bco`hch, S4>>0.

2.3.- CBXVCO@]CB@G HF OC TFXT@DVB@G HF 4>>0 ÊT FIFBXE ^TFB@ER,

T4>>0 cbtuco`zchc

Fo cbtuco`zcher pcrc fo ce 4>3>, @C4>3>, v`fgf hche per oc s`ku`fgtf fxprfs`g=


5/35


6/35

6

2.4.- CBXVCO@]CB@G HF OC TFXT@DVB@G HF 4>>0 ÊT FIFBXE BCGX@HCH

CÔ@BCGHE FO CTXBVOE < HFO TFCO HFBTFXE 444/4>>>0

Fg fstf pugte sf vc c bcobuocr oc vcr`cb`g hf oc rftr`dub`g cseb`chc co cujfgte hf oc

cbt`v`hch edsfrvchc fg fo ce 4>>0 rfspfbte co ce 4>>>0, jfh`cgtf oc cpo`bcb`g

hf oe h`spufste fg fo crtbuoe < hfo Tfco Hfbrfte 444/4>>>0.

Xco y beje sf sfco fg cgtfrèrfs `gierjfs hf oc j`sjc gcturcofzc, sf lc fmfbutche fo

JTT @gbrfjfgtco, pcrc tehes oes pcrfs fjprfsc-prev`gb`c, cpo`bcghe hes t`pes hf

cgo`s`s=

3. Vg fstuhè hf berte pocze, fg fo quf sf lc co`jfgtche co JTT @gbrfjfgtco beg oc

rfh hf rfifrfgb`c edtfg`hc hfo JTT @gbrfjfgtco bcobuoche c 23 hf h`b`fjdrf hf

4>>>0, bcobuoches fstes `gbrfjfgtes beje oc hìfrfgb`c hf ocs

hfjcghcs hf petfgb`c hf oes suj`g`stres edtfg`hcs hf oc `gierjcb`g hf ocs

B`rbuocrfs 4/4>3> y 2/4>>0. Hf oes `gbrfjfgtes hf `gjevò`zche edtfg`hes jfh`cgtffstc cpo`bcb`g sf tejcrg, beje sf fstcdofb` fg cgtfrèrfs `gierjfs hf oc j`sjc


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9

gcturcofzc, oes berrfspegh`fgtfs c ocs rfhfs hf dcmc y jfh`c tfgs`g y c oes bfgtres

hf trcgsierjcb`g.

4. Vg fstuhè hf js ocrke pocze, fg fo quf sf lc co`jfgtche co JTT @gbrfjfgtco beg

oc rfh hf rfifrfgb`c edtfg`hc hfo JTT @gbrfjfgtco bcobuoche c 23 hf h`b`fjdrf hf

4>>>0. Hf oes `gbrfjfgtes hf `gjevò`zche edtfg`hes jfh`cgtf fstc cpo`bcb`g sf

tejcrg, beje sf fstcdofb` fg cgtfrèrfs `gierjfs hf oc j`sjc gcturcofzc, oes

berrfspegh`fgtfs c ocs rfhfs hf cotc tfgs`g y c ocs sudfstcbègfs cotc/jfh`c

tfgs`g.

C oes fifbtes hfo bobuoe hf oes bestfs hf `gvfrs`g, c tcofs `gbrfjfgtes hf `gjevò`zche

sf ofs lc cpo`bche ugc tcsc hf rftr`dub`g hfo >3> begtfg`he fg fo CGF\E @Y hfo @gierjf hf oc BGF hf ifblc 39 hf

h`b`fjdrf hf 4>3>. Oes rfsuotches clerc edtfg`hes seg oes s`ku`fgtfs=


8/35

;

Fjprfsc e krupe fjprfscr`co P4>>0

(Jòfs hf fures)@dfrhreoc H`str`dub`g Fobtr`bc, R.C.V.

Vg`g Ifgesc H`str`dub`g, R.C.

L`hrebcgtdr`be H`str`dub`g Fobtr`bc, R.C.

F.EG H`str`dub`g, R.O.

Fghfsc (pfg`gsuocr)

Fghfsc (fxtrcpfg`gsuocr)

IFYCRC

REOCGCT

0.029

4.98>

03;

328

46

Xetco 49>0

Oc h`spes`b`g i`gco bucrtc hf oc Erhfg @XB/23/4>>>0, v`fgf c jehì`bcr fo

Cgfxe @ sedrf @gbfgt`ve c oc jfmerc hf oc bco`hchhfo Tfco Hfbrfte 444/4>>>.>>> bo`fgtfs oc rftr`dub`g

cguco hf oc cbt`v`hch hf h`str`dub`g sf bcobuocr s`g begs`hfrcr fo `gbfgt`ve e

pfgco`zcb`g pcrc oc jfmerc hf oc bco`hch hfo sfrv`bè, per oe quf fo j`sje ge cifbtcr c

ocs fjprfscs IFYCRC y REOCGCT.

H`ble `gbfgt`ve c oc bco`hch sf bcobuocr pcrc bchc fjprfsc h`str`du`herc, hf cbufrhe

beg h`blc h`spes`b`g, sfkg ocs s`ku`fgtfs irjuocs=

`

g

`

g

`

g SG@F^@SX@F^@S 333

heghf,


9/35

>4, hf 44 hf jcrze, per oc quf

sf cprufdc fo prebfh`j`fgte hf jfh`hc y begtreo hf oc begt`gu`hch hfo suj`g`stre

fobtr`be, fg bchc uge hf oes t`pes hf zegc (urdcgc, sfj`urdcgc, rurco begbfgtrchc y

rurco h`spfrsc).

`

gtzBo` 3, , fo gjfre hf begsuj`herfs hf oc fjprfsc h`str`du`herc ` fg bchc t`pe hf zegc

tz fg fo ce g-3.

X@F^@`tz-EDMFX@YE,g-3yG@F^@`tz-EDMFX@YE,g-3,oes `gh`bcherfs fstcdofb`hes beje edmft`ves hf

bujpo`j`fgte hf oc begt`gu`hch hf oc bco`hch zegco pcrc oc fjprfsc ` pcrc bchc ugc hf

ocs zegcs tz y v`kfgtfs fg fo ce g-3.

X@F^@`tz-TFCO@]CHE,g-3yG@F^@`tz-TFCO@]CHE,g-3, oes `gh`bcherfs fstcdofb`hes beje jfh`hc hfo

krche hf bujpo`j`fgte hf oes edmft`ves X@F^@ `tz-EDMFX@YE,g-3y G@F^@`tz-EDMFX@YE,g-3.

^er su pcrtf, oc h`spes`b`g trcgs`ter`c bucrtc hf oc Erhfg @XB/23/4>>< hfscrreooc fo

bobuoe hfo `gbfgt`ve c oc bco`hch hf 4>>0. Fg oc b`tchc h`spes`b`g sf fstcdofbf quf

pcrc 4>>0 oes vcoerfs hf oes `gh`bcherfs X@F^@`tz-TFCO@]CHE y G@F^@`tz-TFCO@]CHE sf

bcobuocrg hfo s`ku`fgtf jehe=


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0

X@F^@`tz-TFCO@]CHE,4>>0:(X@F^@`tz,4>>>0)/4

G@F^@`tz-TFCO@]CHE,4>>0:(G@F^@`tz,4>>>0)/4

s`fghe X@F^@`tz,g y G@F^@`tz,g oes vcoerfs rfcofs hf bco`hch zegco hf oc fjprfsc

h`str`du`herc ` pcrc bchc ugc hf ocs zegcs tz fg fo ce g.

P quf pcrc 4>>0 oes vcoerfs hf oes `gh`bcherfsX@F^@`tz-EDMFX@YE y G@F^@`tz-EDMFX@YE sf

bcobuocrg hf cbufrhe beg ocs s`ku`fgtfs fxprfsègfs=

X@F^@`tz-EDMFX@YE, 4>>0:

9

X@F^@X@F^@X@F^@X@F^@X@F^@X@F^@ gcbègcoUjfh`c4>>;,tz`

4>>;,tzgcbègcoUjfh`c

4>>9,tz`

4>>9,tzgcbègcoUjfh`c

4>>6,tz`

4>>6,tz

G@F^@`tz-EDMFX@YE, 4>>0:

9

G@F^@G@F^@G@F^@G@F^@G@F^@G@F^@ gcbègcoUjfh`c4>>;,tz`

4>>;,tzgcbègcoUjfh`c

4>>9,tz`

4>>9,tzgcbègcoUjfh`c

4>>6,tz`

4>>6,tz

Beg rfspfbte c oes vcoerfs hf oes gh`bfs, gjfre hf suj`g`stres y petfgb`cs

`gstcochcs c utò`zcr, sfrg oes pudo`bches per fo J`g`stfrè hf @ghustr`c, Xur`sje y

Bejfrbè hf cbufrhe beg oc `gierjcb`g cguco rfj`t`hc per ocs fjprfscs h`str`du`hercs

focderches begierjf co prebfh`j`fgte hf jfh`hc y begtreo hf oc begt`gu`hch hfo

suj`g`stre y oc bco`hch hfo prehubte, lejekgfe pcrc tehcs ocs fjprfscs y cuh`tcdof

cpredche, quf sf fstcdofbf fg fo crtbuoe 3>>>, hf 3 hf

h`b`fjdrf, per fo quf sf rfkuocg ocs cbt`v`hchfs hf trcgspertf, h`str`dub`g,bejfrb`co`zcb`g, suj`g`stre y prebfh`j`fgtes hf cuter`zcb`g hf `gstcocbègfs hf

fgfrkc fobtr`bc.

Fo b`tche prebfh`j`fgte, quf sf hfscrreooc fg oc Erhfg FBE ;0;/4>>4, hf 44 hf jcrze,

fstcdofbf oes br`tfrès y oc jfteheoekc c sfku`r pcrc oc rfbek`hc y trctcj`fgte hf oes

hctes hf oc begt`gu`hch hfo suj`g`stre, `gbouyfghe oes gfbfscrès pcrc oc focdercb`g hf

oes gh`bfs hf bco`hch zegco X@F^@, pfrbfgtò hfo X@F^@ y G@F^@.


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3>

Fo crtbuoe 3>9.2 hfo Tfco Hfbrfte 3066/4>>>, jehì`bche per fo Cgfxe Y@@@ hfo Tfco

Hfbrfte 3928/4>>9, hf 40 hf h`b`fjdrf, per fo quf sf fstcdofbf oc tcrìc fobtr`bc c

pcrt`r hfo 3 hf fgfre hf 4>>;, fstcdofbf oes oj`tfs hf oes vcoerfs hfo X@F^@, pfrbfgtò

hfo X@F^@ y G@F^@, hurcgtf bchc ce gcturco, tfg`fghe fg bufgtc g`bcjfgtf ocs

`gtfrrupbègfs jprfv`stcs.

C su vfz, oc h`spes`b`g ch`bègco bucrtc sedrf Bjpute hf fvfgtes fxbfpbègcofs fg

oes `gh`bcherfs hf bco`hch hf sfrv`bèhf oc Erhfg @XB/2630/4>>0, hf 4< hf h`b`fjdrf,

lc vfg`he c fstcdofbfr quf c oes fifbtes hfo bobuoe hf `gbfgt`ve hf bco`hch ge sf

begs`hfrcrg `gbujpo`j`fgtes hf bco`hch oes prevebches per fvfgtes fxbfpbègcofs,

hfd`fghe stes sfr cuter`zches beje tcofs per oc HK^FJ, c seo`b`tuh hf ocs fjprfscs

h`str`du`hercs y prfvè `gierjf hf oc BGF.

Hf cbufrhe beg oe cgtfrèr, oes vcoerfs hf X@F^@ y G@F^@ quf sf hfdfg begs`hfrcr fg fo

bobuoe hfo `gbfgt`ve c oc jfmerc hf oc bco`hch, seg cqufooes quf begtfjpofg ocs

`gtfrrupbègfs `jprfv`stcs, ugc vfz hfsbegtches oes fvfgtes fxbfpbègcofs cbcfb`hes

fg fo fmfrb`bè 4>>0, y quf cs lcycg s`he cuter`zches per pcrtf hf oc HK^FJ. Co

rfspfbte, fs prfb`se sfcocr quf beg ifblc 34 hf gev`fjdrf hf 4>3> tuve fgtrchc fg

fstc Bej`s`g ei`bè hf ifblc 6 hf gev`fjdrf hf 4>3> hf oc HK^FJ fg fo quf sf

`gh`bc quf oc HK^FJ lc pudo`bche oes hctes c utò`zcr pcrc fo bobuoe hfo `gbfgt`ve hf

bco`hch, fxbou`hes oes `gb`hfgtfs prevebches per fvfgtes fxbfpbègcofs, oes bucofs

fstg h`speg`dofs c trcvs hf oc s`ku`fgtf cpo`bcb`g=

lttps=//ei`b`gcv`rtuco.j`tyb.fs/fff/Begfxèg/o`stcheGetcs.cspx

Redrf oc dcsf hf oc `gierjcb`g cgtfrèr, y fg cpo`bcb`g hf oe fstcdofb`he fg ocs

h`spes`bègfs i`gco bucrtc y trcgs`ter`c bucrtc hf oc Erhfg @XB/23/4>>>0 hf oes edmft`ves fstcdofb`hes pcrc oes gh`bfs hf

bco`hch hf sfrv`bè seg oes rfiofmches fg fo s`ku`fgtf buchre (`hgt`bes c oes rfbek`hes

fg fo buchre hf oc pk`gc 33 hfo @gierjf hf oc BGF hf ifblc 39 hf h`b`fjdrf hf 4>3>)=


12/35

33

Fjprfsc e krupe fjprfscr`co S4>>0





Fghfsc (pfg`gsuocr)

Fghfsc (`gsuocr) (*)

IFYCRC

REOCGCT

49.;>;

0.;98

3.0

4.4;9

46.288

>

>

>

Xetco 96.0>>

(*) Fo `gbfgt`ve c oc jfmerc hf bco`hch pcrc FGHFRC fg oes s`stfjcs `gsuocrfs fstrfbek`he fg fo `gbfgt`ve c oc jfmerc hf bco`hch fg fo s`stfjc pfg`gsuocr.

2.8.- GVFYC ^TE^VFRXC HF TFXT@DVB@G HFI@G@X@YC ^CTC 4>3>, T4>3>

Hf cbufrhe beg oes bobuoes fifbtuches fg oes pugtes cgtfrèrfs, oc gufvc rftr`dub`g

hfi`g`t`vc pcrc fo ce 4>3> hf ocs fjprfscs h`str`du`hercs cbek`hcs c o`qu`hcbègfs beg

cgtfrèr`hch co 3 hf fgfre hf 4>>0, sfrcg ocs rfbek`hcs fg fo s`ku`fgtf buchre=

Fjprfsc e krupe fjprfscr`co T4>3>

(Jòfs hf fures)

@dfrhreoc H`str`dub`g Fobtr`bc, R.C.V.



F.EG H`str`dub`g, R.O. (*)

Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3.602.342

;6>.>;9

363.868

388.98>

3.;28.;20

2>, quf csb`fghf c 04.68< fures, sf cchf c ocrftr`dub`g berrfspegh`fgtf c F.EG H`str`dub`g, R.O., pcrc fo ce 4>3>.


13/35

34

êr tehe oe cgtfrèr, fstc Bej`s`g fgt`fghf quf fg oc Erhfg hf tcrìcs hf cbbfse c

cpo`bcr c pcrt`r hfo 3 hf fgfre hf 4>34, quf i`gcojfgtf sf cprufdf, hfdfrc `gbou`rsf ug

cpcrtche fspfbi`be, hf cbufrhe beg fo s`ku`fgtf tfger=

Crtbuoe \\. Tfv`s`g hf oes bestfs hf h`str`dub`g pcrc 4>3>.

Oes bestfs hfi`g`t`ves pcrc 4>3> berrfspegh`fgtfs c ocs fjprfscs h`str`du`hercs beg jshf 3>>.>>> bo`fgtfs y IFYCRC y REOCGCT, hfhub`hes oes etres `gkrfses hfr`vches hf oeshfrfbles hf cbejft`hc, fgkcgblfs, vfrì`bcb`g y coquòfr hf cpcrctes hf jfh`hc, `gbou`hefo `gbfgt`ve e pfgco`zcb`g c oc bco`hch hfo sfrv`bè sf i`mcg fg ocs s`ku`fgtfs bucgtcs=

Fjprfsc e krup e fjprfscr `c o (Jòfs hf fures)@DFTHTEOC H@RXT@DVB@G FOBXT@BC, R.C.V.

VG@G IFGERC H@RXT@DVB@G, R.C.

L@HTEBCGXDT@BE H@RXT@DVB@G FOBXT@BC, R.C.

F.EG H@RXT@DVB@G, R.O. (*)

FGHFRC pfg`gsuocr

FGHFRC fxtrcpfg`gsuocr

IFYCRC

REOCGCT

3.602.342

;6>.>;9

363.868

388.98>

3.;28.;20

2>,quf csb`fghf c 04.68< fures, sf cchf c oc rftr`dub`g berrfspegh`fgtf c F.EG H@RXT@DVB@G, R.O., pcrcfo ce 4>3>.

Cs j`sje, fstc Bej`s`g fgt`fghf quf fg oc Erhfg hf tcrìcs hf cbbfse c cpo`bcr c

pcrt`r hfo 3 hf fgfre hf 4>34, quf i`gcojfgtf sf cprufdf, hfdfrc `gbou`rsf oc s`ku`fgtf

h`spes`b`g ch`bègco=

H`spes`b`g ch`bègco xxxx. O`qu`hcb`g hf oc rfv`s`g hf oes bestfs hf h`str`dub`g pcrc4>3>.

Ocs cs`kgcbègfs hf bestfs berrfspegh`fgtfs c oc rfv`s`g hf oes bestfs hf h`str`dub`gpcrc 4>3> quf i`kurcg fg fo crtbuoe xx. hf oc prfsfgtf Erhfg, sfrg o`qu`hchcs fg ocso`qu`hcbègfs hf ocs cbt`v`hchfs rfkuochcs hfo ce 4>33.

Fg oe quf s`kuf, oc rftr`dub`g hfi`g`t`vc hf 4>3> quf sf vc c tejcr hf pcrt`hc pcrc

bcobuocr oc rftr`dub`g hfi`g`t`vc hfo fmfrb`bè 4>33 y oc prev`sègco hfo fmfrb`bè 4>34 fs

oc quf sf rfiofmc fg oc cgtfrèr Xcdoc, oc buco fs 8.4;< jòfs hf jfger quf oc i`mchc fg


14/35

32

oc rf`tfrchc Erhfg @XB/2262/4>3>, berrfk`hc y jehì`bchc fg v`rtuh hf ocs Erhfgfs

@XB/930/4>33, hf 3< hf jcrze f @XB/3>933, hf 4< hf cdrò.

8 TFXT@DVB@G HFI@G@X@YC3^CTC FO CE 4>33

Hf cbufrhe beg oe fstcdofb`he fg fo crtbuoe < hfo Tfco Hfbrfte 444/4>>3> pcrc bcobuocr oc rftr`dub`g hf 4>33 fs oc

s`ku`fgtf=

`

4>3>

`

4>3>

`

4>3>4>334>>0

`

4>3>

`

4>33 SP)@C3()(TT ^S

`

êr oe tcgte, oc rftr`dub`g berrfspegh`fgtf co ce 4>33, T4>33, sf edt`fgf cbtuco`zcghe

oc berrfspegh`fgtf c 4>3>, ugc vfz hfsbegtche fo `gbfgt`ve/pfgco`zcb`g per fo

bujpo`j`fgte e ge hfo edmft`ve i`mche c oc jfmerc hf oc bco`hch, T4>3>-S4>>0, per fo fifbte

prfbès, (3+@C4>33), per fo fifbte bcgt`hch (P4>3>), y per fo rfsuotche hfo

`gbfgt`ve/pfgco`zcb`g quf berrfspeghc per fo bujpo`j`fgte, e ge, hfo edmft`ve i`mche

pcrc oc jfmerc hf oc bco`hch, S4>3>, y per fo rfsuotche hfo `gbfgt`ve/pfgco`zcb`g qufberrfspeghc per fo bujpo`j`fgte, e ge, hfo edmft`ve i`mche pcrc oc rfhubb`g hf

prh`hcs, ^4>3>. Fs prfb`se sfcocr quf fo `gbfgt`ve/pfgco`zcb`g per fo bujpo`j`fgte, e

ge, hfo edmft`ve i`mche pcrc oc jfmerc hf oc bco`hch, S4>3>, ge pehr sfr bcobuoche lcstc

quf sf h`spegkc hf oes hctes berrfspegh`fgtfs co ce 4>3>, per oe quf

prev`sègcojfgtf cheptcr ug vcoer hf bfre.

Fg oe quf s`kuf, oc rftr`dub`g quf sf vc c begs`hfrcr pcrc 4>3>, T4>3>, sfr oc

bcobuochc fg fo cpcrtche 2 hfo prfsfgtf `gierjf, hfsbegtcghe c oc j`sjc fo `gbfgt`ve c

oc jfmerc hf oc bco`hch, S4>>0.

8.3.- CBXVCO@]CB@G HF OC TFXT@DVB@G HF 4>3> ÊT FIFBXE ^TFB@ER,

T4>3> cbtuco`zchc

Fo cbtuco`zcher pcrc fo ce 4>33, @C4>33, v`fgf hche per oc s`ku`fgtf fxprfs`g=

3Fg rfco`hch sf trctc hf ugc rftr`dub`g prev`sègco yc quf ge sf h`spegf hf oc `gierjcb`g gfbfscr`c pcrc bcobuocrfo gbfgt`ve/pfgco`zcb`g c oc jfmerc hf oc bco`hch hf sfrv`bè.


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38

)()(4,> 4>3>4>3>4>33 y@^T@x@^B@C

s`fghe,

@^B4>3>`gtfrcguco c ebtudrf hf 4>3> : 4,2>%

@^T@4>3>hf d`fgfs hf fqu`pe `gtfrcguco c ebtudrf hf 4>3> : >,6>%

x : >,%

y : >,8>%

beg oe quf@C4>33: >,23> hf bchc ugc hf ocs fjprfscs h`str`du`hercs

sumftcs c o`qu`hcbègfs beg cgtfrèr`hch co 3 hf fgfre hf 4>>0, y cbtuco`zcghe ocs

j`sjcs beg fo cgtfrèr cbtuco`zcher sf edt`fgfg oes s`ku`fgtfs `jpertfs=

Fjprfsc e krupe fjprfscr`co T4>3> cbtuco `zchc

(Jòfs hf fures)





Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3.6;4.290

;82.349

36>.432

384.0>6

3.;36.0.;>>

3.>69

228

Xetco 8.926.608

Fg fo @gierjf hf oc BGF hf ifblc 39 hf h`b`fjdrf hf 4>3> fg fo quf sfdcs oc Erhfg @XB/2262/4>3>, hf 4< hf h`b`fjdrf, fstc pcrt`hc tfgc ugvcoer hf 8.920.>93 jòfs hf .


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36

8.4.- CBXVCO@]CB@G HF OC TFXT@DVB@G HF 4>3> ÊT FIFBXE BCGX@HCH

CÔ@BCGHE FO CTXBVOE < HFO TFCO HFBTFXE 444/4>>3>

Fg fstf pugte sf vc c bcobuocr oc vcr`cb`g hf oc rftr`dub`g cseb`chc co cujfgte hf oc

cbt`v`hch fg fo ce 4>3> rfspfbte co ce 4>>0, P4>3>, jfh`cgtf oc cpo`bcb`g hf oe

h`spufste fg fo crtbuoe < hfo Tfco Hfbrfte 444/4>>3> cuh`tche, y lcg s`he cifbtches

per fo perbfgtcmf rfsuotcgtf hf h`v`h`r oc `gvfrs`g rfcojfgtf sepertchc per bchc

fjprfsc h`str`du`herc fgtrf oc `gvfrs`g tetco `gberperchc co jevò`zche hf bchc

fjprfsc h`str`du`herc. H`bles perbfgtcmfs sf lcg edtfg`he, pcrc bchc ugc hf ocs

fjprfscs h`str`du`hercs, c pcrt`r hf ocs cuh`tercs hf `gvfrsègfs rfco`zchcs fg fo

fmfrb`bè 4>3>.

Xco y beje sf sfco fg cgtfrèrfs `gierjfs hf oc j`sjc gcturcofzc, sf lc fmfbutche fo

JTT @gbrfjfgtco, pcrc tehes oes pcrfs fjprfsc-prev`gb`c, cpo`bcghe hes t`pes hf

cgo`s`s=

3. Vg fstuhè hf berte pocze, fg fo quf sf lc co`jfgtche co JTT @gbrfjfgtco beg oc

rfh hf rfifrfgb`c edtfg`hc hfo JTT @gbrfjfgtco bcobuoche c 23 hf h`b`fjdrf hf

4>>0, tejcghe oes `gbrfjfgtes rfcofs hf jfrbche quf sf lcg edsfrvche lcstc fo

23 hf h`b`fjdrf hf 4>3>, bcobuoches fstes `gbrfjfgtes beje oc hìfrfgb`c hf ocs

hfjcghcs hf petfgb`c hf oes suj`g`stres edtfg`hcs hf oc `gierjcb`g hf ocs

B`rbuocrfs 3/4>33 y 4/4>3>. Hf oes `gbrfjfgtes hf `gjevò`zche edtfg`hes jfh`cgtffstc cpo`bcb`g sf tejcrg, beje sf fstcdofb` fg cgtfrèrfs `gierjfs hf oc j`sjc


17/35

39

gcturcofzc, oes berrfspegh`fgtfs c ocs rfhfs hf dcmc y jfh`c tfgs`g y c oes bfgtres

hf trcgsierjcb`g.

4. Vg fstuhè hf js ocrke pocze, fg fo quf sf lc co`jfgtche co JTT @gbrfjfgtco beg

oc rfh hf rfifrfgb`c edtfg`hc hfo JTT @gbrfjfgtco bcobuoche c 23 hf h`b`fjdrf hf

4>>0, tejcghe ocs prfv`sègfs hf `gbrfjfgtes hf jfrbches hfbocrchcs per ocs

fjprfscs h`str`du`hercs pcrc ug pfrèhe hf 6 ces, begtfg`hcs fg oc B`rbuocr

4/4>3>. Hf oes `gbrfjfgtes hf `gjevò`zche edtfg`hes jfh`cgtf fstc cpo`bcb`g sf

tejcrg, beje sf fstcdofb` fg cgtfrèrfs `gierjfs hf oc j`sjc gcturcofzc, oes

berrfspegh`fgtfs c ocs rfhfs hf cotc tfgs`g y c ocs sudfstcbègfs cotc/jfh`c

tfgs`g.

Fg fo CGF\E @Y sf rfbekfg, pcrc bchc fjprfsc h`str`du`herc, oes rfsjfgfs hf ocs

`gstcocbègfs (ug`hchfs is`bcs) edtfg`hcs per cpo`bcb`g hfo JTT @gbrfjfgtco fg sus

hes vcr`cgtfs. Cs j`sje, fg fo CGF\E Y sf rfbekfg, pcrc bchc fjprfsc

h`str`du`herc, oes rfsjfgfs hf oes `gbrfjfgtes hf `gjevò`zche (fg ) edtfg`hes

cpo`bcghe fo JTT @gbrfjfgtco fg sus hes vcr`cgtfs.

C oes fifbtes hfo bobuoe hf oes bestfs hf `gvfrs`g, c tcofs `gbrfjfgtes hf `gjevò`zche

sf ofs lc cpo`bche ugc tcsc hf rftr`dub`g hfo 9,33(fst`jche beg `gierjcb`g cbtuco`zchc co 23/34/4>3>)


18/35

3;

Getc= Xehes oes pcrjftres sf lcg fst`jche beg oc `gierjcb`g h`speg`dof c ifblc 23/34/4>3>, yut`o`zcghe oc jfteheoekc cpredchc per fo Begsfme hf oc BGF, fg su sfs`g hfo 48 hf cdr`o hf 4>>>


19/35

33>(Jòfs hf fures)





Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3>, hf 4< hf h`b`fjdrf, fstc pcrt`hc tfgc ugvcoer hf 488.>3> jòfs hf .

8.2.- @GBFGX@YE/^FGCO@]CB@G ^CTC OC TFHVBB@G HF ^TH@HCR, ^4>3>

Fo jtehe hf bobuoe hfo `gbfgt`ve e pfgco`zcb`g pcrc oc rfhubb`g hf prh`hcs c

cpo`bcr c oc rftr`dub`g hf oc h`str`dub`g pcrc bchc ugc hf ocs fjprfscs h`str`du`hercs

hf fgfrkc fobtr`bc, qufhc fstcdofb`he fg oc Erhfg @XB/4648/4>>0, hf < hf

sfpt`fjdrf, `gbfgt`ve quf pehr sfr pes`t`ve e gfkct`ve.

Fs prfb`se sfcocr quf hf cbufrhe beg oe fstcdofb`he fg fo crtbuoe >>.>>> bo`fgtfs oc rftr`dub`g

cguco hf oc cbt`v`hch hf h`str`dub`g sf bcobuocr s`g begs`hfrcr fo `gbfgt`ve epfgco`zcb`g pcrc oc rfhubb`g hf prh`hcs, per oe quf fo j`sje ge cifbtcr c ocs

fjprfscs IFYCRC y REOCGCT.

Fo `gbfgt`ve e pfgco`zcb`g pcrc oc rfhubb`g hf prh`hcs rfpfrbut`he c oc fjprfsc

h`str`du`herc m fg fo ce g fstcr cseb`che co krche hf bujpo`j`fgte hf oes edmft`ves

fstcdofb`hes pcrc fo ce g3. H`ble `gbfgt`ve sf bcobuocr beje oc sujc, pcrc bchc

lerc, hfo prehubte fgtrf ug prfbè lercrè hf fgfrkc hf prh`hcs y oc hìfrfgb`c lercr`c


20/35

30

fgtrf ocs prh`hcs edmft`ve y ocs rfcofs quf tfgkc oc fjprfsc h`str`du`herc m fg bchc

lerc.

Cs`j`sje, oc h`spes`b`g trcgs`ter`c sfkughc hf oc b`tchc Erhfg sedrf Cpo`bcb`g hfo

`gbfgt`ve e pfgco`zcb`g pcrc oc rfhubb`g hf prh`hcs fg 4>33 fstcdofbf quf ^crc fo

bobuoe hfo `gbfgt`ve hf prh`hcs cpo`bcdof c oc rftr`dub`g hfo ce 4>33, sf tejcrg

beje rfifrfgb`c oes ot`jes hctes h`speg`dofs. Redrf oc dcsf hf oe cgtfrèr, pcrc fo

bobuoe hf `gbfgt`ve hf prh`hcs pcrc oc rftr`dub`g 4>33 sf rfqu`frf oc `gierjcb`g hf

jfh`hcs hfo ce 4>3>.

Fo bobuoe hfo `gbfgt`ve, tco y beje sf hfi`gf fg oc b`tchc Erhfg @XB/4648/4>>0, sf vc c

rfco`zcr c pcrt`r hf ocs prh`hcs prehub`hcs fg ocs rfhfs hf bchc fjprfsc h`str`du`herc

pfre, fg oukcr hf rfco`zcr ugc cpo`bcb`g fstr`btcjfgtf lercr`c, per rczegfs hf

h`speg`dò`hch hf oc `gierjcb`g, s`jpo`b`hch y fbegejc hf jfhès, sf rfco`zcr ugc

cpo`bcb`g per pfrèhes lercrès hf pugtc y vcoof.

8.2.3. Bobuoe hf ocs ^rh`hcs Tfcofs

s`fghe=

Flpi = Fgfrkc jfh`hc lercr`cjfgtf fg a[l fg bchc uge hf oes pugtes iregtfrc.

Flbegsuj`herfs = Fgfrkc lercr`c hf bchc uge hf oes begsuj`herfs begfbtches c ocs rfhfs hf

oc fjprfsc h`str`du`herc m, fxprfschc fg a[l, jfh`hc fg begtcher hfo begsuj`her.

^crc oes begsuj`herfs quf ge sf h`spegkc hf jfh`hcs rfcofs lercr`cs, sf tejcrg oes

hctes lercrès cpo`bcghe oes pfriòfs t`pe fstcdofb`hes fg oc gerjct`vc

Xehc oc `gierjcb`g berrfspegh`fgtf tcgte c oc fgfrkc jfh`hc fg pugtes iregtfrc hf

bchc fjprfsc h`str`du`herc fg 4>3> beje oc fgfrkc begsuj`hc per oes bo`fgtfs,


21/35

4>

hìfrfgb`cghe fg pugtc y vcoof, sf lc edtfg`he hf oc `gierjcb`g preperbègchc co

fifbte per fo Epfrcher hfo R`stfjc (ER).

8.2.4. Bobuoe hf ocs prh`hcs edmft`ve

s`fghe=

Flbegsuj`herfs= Fgfrkc lercr`c hf bchc uge hf oes begsuj`herfs begfbtches c ocs rfhfs

hf oc fjprfsc h`str`du`herc m, fxprfschc fg a[l, jfh`hc fg begtcher hfo begsuj`her.

^crc oes begsuj`herfs quf ge sf h`spegkc hf jfh`hcs rfcofs lercr`cs, sf tejcrg oes

hctes lercrè cpo`bcghe oes pfriòfs t`pe fstcdofb`hes fg oc gerjct`vc.

Al`= Befi`b`fgtf lercrè hf prh`hcs edmft`ve pcrc oc fofvcb`g lcstc dcrrcs hf bfgtrco

pcrc bchc t`pe hf begsuj`her `. Fstes befi`b`fgtfs sfrg oes befi`b`fgtfs hf prh`hcs

fstghcr rfbek`hes fg oc gerjct`vc v`kfgtf.

AlzegcUbo`fgtf= Befi`b`fgtf hf prh`hcs zegco quf jcyerc e j`gerc rfspfbte c oc jfh`c oes

befi`b`fgtfs fstghcr hf prh`hcs pcrc bchc lerc l.

Fltrcgs= Fgfrkc pfrh`hc fg oc rfh hf trcgspertf fg oc lerc l, jfh`hc fg a[l.

Ilm= Icbter hf rfpcrte pcrc oc fjprfsc h`str`du`herc m hf oc fgfrkc pfrhhc fg oc lerc l

fg oc rfh hf trcgspertf. Fstf icbter hf rfpcrte sf edt`fgf hf bcobuocr fo beb`fgtf fgtrf oc

fgfrkc icbturchc fg oc lerc l c oes begsuj`herfs begfbtches c ocs rfhfs hf oc

fjprfsc h`str`du`herc m y fo tetco hf fgfrkc icbturchc fg fo s`stfjc. Fstf befi`b`fgtf sf

bcobuocr jfh`cgtf cpo`bcb`g hf oc s`ku`fgtf irjuoc=

Bcdf hfstcbcr quf fg oc hfjcghc hf begsuj`herfs s`fjprf sf utò`zc oc fgfrkc

begsuj`hc fg oc rfh hf h`str`dub`g, ugc vfz hfsbegtchc oc fgfrkc hf oes bo`fgtfsbegfbtches h`rfbtcjfgtf co trcspertf.


22/35

43

@kucojfgtf, fs prfb`se `gh`bcr quf ocs prh`hcs hf trcgspertf lcg s`he preperbègchcs

per fo ER tcjd`g sfpcrchcs fg pugtc y vcoof. ^crc bcobuocr fo icbter I c utò`zcr pcrc

rfpcrt`r ocs prh`hcs hf trcgspertf fgtrf ocs hìfrfgtfs fjprfscs, sf hfdfg tfgfr fg

bufgtc g`bcjfgtf oes begsujes fg h`str`dub`g.

Fg oc Erhfg @XB/2262/4>3>, hf 4< hf h`b`fjdrf, per oc quf sf fstcdofbfg oes pfcmfs hf

cbbfse c pcrt`r hf 3 hf fgfre hf 4>33 y ocs tcrìcs y pr`jcs hf ocs `gstcocbègfs hfo

rk`jfg fspfb`co sf fstcdofbfg oes befi`b`fgtfs zegcofs pcrc bchc ugc hf ocs

fjprfscs h`str`du`hercs, quf seg oes quf sf jufstrcg fg oc s`ku`fgtf tcdoc.

Fjprfsc A ^VGXC A YCOOF

FGHFRC>,0094466; >,0060>936

FEG3,>>634990 3,>>920663

KCR GCXVTCO - IFGERC3,>>32026> 3,>>3>2498

L@HTEBCGXDT@BE3,>>249 3,>>;09>

@DFTHTEOC

3,>>434>>429;60

êr etre oche, oes befi`b`fgtfs hf prh`hcs fstghcrfs pcrc fofvcr oes begsujes c

dcrrcs hf bfgtrco quf sf lcg utò`zche pcrc oes bobuoes, seg oes quf sf fstcdofbfg fg fo

Cgfxe @Y hf oc Erhfg @XB/2630/4>>0, hf 4< hf h`b`fjdrf, per oc quf sf rfv`scg oes

pfcmfs hf cbbfse c pcrt`r hf 3 hf fgfre hf 4>3> y ocs tcrìcs y pr`jcs hf ocs

`gstcocbègfs hfo rk`jfg fspfb`co.

8.2.2. Bobuoe hfo `gbfgt`ve

s`fghe fo befi`b`fgtf hf rfpcrte pcrc oc fjprfsc h`str`du`herc hfo dfgfi`bè quf

edt`fgf fo s`stfjc per oc rfhubb`g hf prh`hcs. Fstf befi`b`fgtf tejc trcgs`ter`cjfgtf

fo vcoer hf >,4 hf cbufrhe beg oe fstcdofb`he fg oc Erhfg @XB/4648/4>>0, hf < hf

sfpt`fjdrf.


23/35

44

êr su pcrtf, pcrc fo prfbè hf fgfrkc hf prh`hcs sf vcg c utò`zcr hes vcoerfs= ug

prfbè pcrc fo pfrèhe pugtc y ug prfbè pcrc fo pfrèhe vcoof. ^crc su edtfgb`g sf lc

utò`zche fo prfbè lercrè hfo jfrbche y oc fgfrkc kfstègchc fg bchc lerc, pcrc

bcobuocr ugc jfh`c peghfrchc fg bchc uge hf oes hes pfrèhes, pugtc y vcoof. Beg oes

hctes hfo ce 4>3>, sf lcg edtfg`he oes s`ku`fgtfs vcoerfs=

^rfbè Jfhè

(/J[l)

^VGXC 84,>8

YCOOF 26,>0

Redrf oc dcsf hf tehe oe cgtfrèr, y fg cpo`bcb`g hf oe fstcdofb`he fg oc Erhfg

@XB/4648/4>>0, oes `gbfgt`ves e pfgco`zcbègfs per oc rfhubb`g hf prh`hcs c cpo`bcr c

oc rftr`dub`g hf oc h`str`dub`g hf bchc ugc hf ocs fjprfscs h`str`du`hercs hf fgfrkc

fobtr`bc, seg oes rfiofmches fg fo s`ku`fgtf buchre=

Fjprfsc e krupe fjprfscr`co ^4>3>

(Jòfs hf fures)





Fghfsc (pfg`gsuocr)

Fghfsc (`gsuocr)

IFYCRC

REOCGCT

8.32;

-8.>2>

909

643> fg fo quf sfdcs oc Erhfg @XB/2262/4>3>, hf 4< hf h`b`fjdrf, fstc pcrt`hc tfgc ugvcoer hf -43.049 jòfs hf .


24/35

42

8.8.- ^TE^VFRXC HF TFXT@DVB@G HFI@G@X@YC 2^CTC 4>33, T4>33

Hf cbufrhe beg tehe oe cgtfrèr, oc prfv`s`g hf rftr`dub`g pcrc fo ce 4>33 hf ocs

fjprfscs h`str`du`hercs cbek`hcs c o`qu`hcbègfs beg cgtfrèr`hch co 3 hf fgfre hf

4>>0, sfrcg ocs rfbek`hcs fg fo s`ku`fgtf buchre=

Fjprfsc e krupe fjprfscr`co T4>33

(Jòfs hf fures)


Vg`g Ifgesc H`str`dub`g, R.C.(*)



Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3.994.3> fg fo quf sfdcs oc Erhfg @XB/2262/4>3>, hf 4< hf h`b`fjdrf, fstc pcrt`hc tfgc ug vcoerhf 8.,39% rfspfbte c oes 8.33 fg oc Erhfg @XB/2262/4>3>,hf 4< hf h`b`fjdrf, berrfk`hc y jehì`bchc fg v`rtuh hf ocs Erhfgfs @XB/930/4>33, hf

3< hf jcrze f @XB/3>933, hf 4< hf cdrò.

Ge edstcgtf tehe oe cgtfrèr, bcdrc rfhub`r oc rftr`dub`g hf fstf beofbt`ve hf fjprfscs

s`, per rczegfs hf fi`b`fgb`c, sf `gbrfjfgtcrcg, jfh`cgtf Erhfg J`g`stfr`co, oes vcoerfs

2

Fg rfco`hch sf trctc hf ugc rftr`dub`g prev`sègco yc quf ge sf h`spegf hf oc `gierjcb`g gfbfscr`c pcrc bcobuocrfo gbfgt`ve/pfgco`zcb`g c oc jfmerc hf oc bco`hch hf sfrv`bè.


25/35


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46

jejfgte, hfo `gbfgt`ve/pfgco`zcb`g quf berrfspeghc per fo bujpo`j`fgte, e ge, hfo

edmft`ve i`mche pcrc oc jfmerc hf oc bco`hch, S4>33, y per fo rfsuotche, fg su jejfgte,

hfo `gbfgt`ve/pfgco`zcb`g quf berrfspeghc per fo bujpo`j`fgte, e ge, hfo edmft`ve i`mche

pcrc oc rfhubb`g hf prh`hcs, ^4>33. Fs prfb`se sfcocr quf tcgte fo

`gbfgt`ve/pfgco`zcb`g per fo bujpo`j`fgte, e ge, hfo edmft`ve i`mche pcrc oc jfmerc hf oc

bco`hch, S4>33, beje fo `gbfgt`ve/pfgco`zcb`g per fo bujpo`j`fgte, e ge, hfo edmft`ve

i`mche pcrc oc rfhubb`g hf prh`hcs, ^4>33, ge pufhfg sfr bcobuoches lcstc quf sf

h`spegkc hf oes hctes berrfspegh`fgtfs co ce 4>33, per oe quf prev`sègcojfgtf

cheptcrg ug vcoer hf bfre.

Fg oe quf s`kuf, oc rftr`dub`g quf sf vc c begs`hfrcr pcrc 4>33, T4>33, sfr oc

bcobuochc fg fo cpcrtche 8.8 hfo prfsfgtf `gierjf.

6.3.- CBXVCO@]CB@G HF OC TFXT@DVB@G HF 4>33 ÊT FIFBXE ^TFB@ER,

T4>33 cbtuco`zchc

Fo cbtuco`zcher pcrc fo ce 4>34, @C4>34, v`fgf hche per oc s`ku`fgtf fxprfs`g=

)()(4,> 4>334>334>34 y@^T@x@^B@C

s`fghe,

@^B4>33`gtfrcguco c ebtudrf hf 4>33 : 2,>>%

@^T@4>33hf d`fgfs hf fqu`pe `gtfrcguco c ebtudrf hf 4>33 : 3,4>%

x : >,%

y : >,8>%

beg oe quf

@C4>34: 3,>33 hf bchc ugc hf ocs fjprfscs h`str`du`hercs

sumftcs c o`qu`hcbègfs beg cgtfrèr`hch co 3 hf fgfre hf 4>>0, y cbtuco`zcghe ocs

j`sjcs beg fo cgtfrèr cbtuco`zcher sf edt`fgfg oes s`ku`fgtfs `jpertfs=


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49

Fjprfsc e krupe fjprfscr`co T4>33 cbtuco `zchc


Vg`g Ifgesc H`str`dub`g, R.C. (*)



Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3.9;9.928

;02.;>3

3688

364.9

28>

Xetco 8.044.>>>

(*) Hfd`he c oc `gtfkrcb`g hf Gufstrc Rferc hf oc Reofhch hf Xfghòoc yOup`cgc fg Vg`g Ifgesc H`str`dub`g, R.C, oc rftr`dub`g cbtuco`zchc c 4>34hf h`blc fjprfsc sf cchf c oc rftr`dub`g cbtuco`zchc c 4>34 hf Vg`gIfgesc H`str`dub`g R.C.

6.4.- CBXVCO@]CB@G HF OC TFXT@DVB@G HF 4>33 ÊT FIFBXE BCGX@HCH

CÔ@BCGHE FO CTXBVOE < HFO TFCO HFBTFXE 444/4>>33Fg fstf pugte sf vc c bcobuocr oc vcr`cb`g hf oc rftr`dub`g cseb`chc co cujfgte hf oc

cbt`v`hch prfv`stc fg fo ce 4>33 rfspfbte co ce 4>3>, P4>33, jfh`cgtf oc cpo`bcb`g hf

oe h`spufste fg fo crtbuoe < hfo Tfco Hfbrfte 444/4>>33sedrf oc dcsf hf ug

`gbrfjfgte cguco hf hfjcghc hf petfgb`c o`j`tchc co 2%, bejg pcrc tehcs ocs

fjprfscs, rfspftcghe, fse s, ocs ud`bcbègfs is`bcs hf tcofs `gbrfjfgtes rfj`t`hcs


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4;

per ocs fjprfscs h`str`du`hercs fg ocs rfifr`hcs B`rbuocrfs. Co rfspfbte, fs prfb`se

rfberhcr quf fo b`tche trj`ge P4>33 t`fgf, hf cbufrhe beg oe h`spufste fg fo Tfco

Hfbrfte 444/4>>33 rfspfbte co 4>3> y hf ocs `gvfrsègfs cuh`tchcs hfo fmfrb`bè 4>33. Cs

j`sje, c oe ocrke hfo fmfrb`bè 4>34 sf prebfhfr c `gspfbbègcr oc hebujfgtcb`g quf,

fg su bcse, v`fgf c sepertcr oes `gbrfjfgtes hf hfjcghc hf petfgb`c c 6 ces

rfj`t`hes per ocs fjprfscs h`str`du`hercs fg ocs rfifr`hcs B`rbuocrfs.

Fg fo CGF\E Y@@ sf rfbekfg, pcrc bchc fjprfsc h`str`du`herc, oes rfsjfgfs hf ocs

`gstcocbègfs (ug`hchfs is`bcs) edtfg`hcs per cpo`bcb`g hfo JTT @gbrfjfgtco sedrf

oc dcsf hf hf h`blc prfv`s`g hf `gbrfjfgte cguco hf hfjcghc hf petfgb`c hfo 2%. Cs

j`sje, fg fo CGF\E Y@@@ sf rfbekfg, pcrc bchc fjprfsc h`str`du`herc, oes rfsjfgfs

hf oes `gbrfjfgtes hf `gjevò`zche (fg ) edtfg`hes cpo`bcghe fo JTT @gbrfjfgtco dcme

h`ble supufste.

C oes fifbtes hfo bobuoe hf oes bestfs hf `gvfrs`g, c oes `gbrfjfgtes hf `gjevò`zche

edtfg`hes sedrf oc dcsf hf h`blc prfv`s`g hf `gbrfjfgte cguco hf hfjcghc hf

petfgb`c hfo 2%, sf ofs lc cpo`bche ugc tcsc hf rftr`dub`g hfo ;,82% bcobuochc, tco y

beje sf fstcdofbf fg fo crtbuoe ; hfo Tfco Hfbrfte 444/4>>34(fst`jche beg `gierjcb`g cbtuco`zchc co 23/3>/4>33)

Getc= Xehes oes pcrjftres sf lcg fst`jche beg oc `gierjcb`g h`speg`dof c ifblc 23/3>/4>33, yutò`zcghe oc jfteheoekc cpredchc per fo Begsfme hf oc BGF, fg su sfs`g hfo 48 hf cdrò hf 4>>


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4,03%)=

Irjuoc hf hfr`vcb`g hf oc tcsc hf rftr`dub`g rfkuochc c pcrt`r hfo [CBB

g

gg

[[g

[

[

[[

X

[XT

3

33

3

3

3333

33

3

33

3

33

3

3

^crc edtfgfr oc tcsc hf rftr`dub`g (XT) hfo ;,82% sfkg oc irjuoc cgtfrèr sf lcg fjpofche= [CBB ([, gej`gco y hfspus hf `jpufstes) hf 9,96%. tcsc hf `jpufstes v`kfgtf (X) hfo 2>%. tcsc hf `giocb`g cguco () hfo 4%, dcschc fg ocs fxpfbtct`vcs hf `giocb`g c ocrke pocze,

pudo`bchcs per fo DBF. v`hc tò rfs`huco jfh`c hf oes cbt`ves hf 8> ces.

êr su pcrtf, c oes fifbtes hfo bobuoe hf oes bestfs hf fxpoetcb`g, sf lc begs`hfrche

quf tcofs bestfs v`fgfg c rfprfsfgtcr prev`sègcojfgtf ug 9,8;% hfo `gbrfjfgte hf

`gjevò`zche. H`ble perbfgtcmf sf lc edtfg`he sedrf oc dcsf hf oc `gierjcb`g

rfkuocter`c hf bestfs begtfg`hc fg ocs B`rbuocrfs hf oc BGF fj`t`hcs co fifbte. Fg fo

CGF\E @\ sf pufhfg edsfrvcr oes bobuoes rfco`zches. Oes rfsuotches edtfg`hes seg

oes s`ku`fgtfs=

8lttp=//www.bgf.fs/bgf/heb/cf/^repUjft[CBBU48>84>>


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40

Fjprfsc e krupe fjprfscr`co P4>33(Jòfs hf fures)





Fghfsc (pfg`gsuocr y fxtrcpfg`gsuocr)

IFYCRC

REOCGCT

60.34

Hf cbufrhe beg tehe oe cgtfrèr, oc prfv`s`g hf rftr`dub`g pcrc fo ce 4>34 hf ocs

fjprfscs h`str`du`hercs cbek`hcs c o`qu`hcbègfs beg cgtfrèr`hch co 3 hf fgfre hf

4>>0, sfrcg ocs rfbek`hcs fg fo s`ku`fgtf buchre=


(Jòfs hf fures)





Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3.;29.8;>

.2


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2>

hf 4< hf h`b`fjdrf, berrfk`hc y jehì`bchc fg v`rtuh hf ocs Erhfgfs @XB/930/4>33, hf

3< hf jcrze f @XB/3>933, hf 4< hf cdrò.

Ge edstcgtf tehe oe cgtfrèr, bcdrc rfhub`r oc rftr`dub`g hf fstf beofbt`ve hf fjprfscs

s`, per rczegfs hf fi`b`fgb`c, sf `gbrfjfgtcrcg, jfh`cgtf Erhfg J`g`stfr`co, oes vcoerfs

hf oes pcrjftresxf y, beje begsfbufgb`c hf quf fg oc rftr`dub`g hf bchc ce hfo

pfrèhe rfkuocterè sf `gberpercg gufves cbt`ves, c su vcoer drute, quf sf cbtuco`zcg

subfs`vcjfgtf s`g begs`hfrcr su hfprfb`cb`g c oe ocrke hf h`ble pfrèhe rfkuocterè.

Cs, begs`hfrcghe, cbujuoct`vcjfgtf pcrc oes ces 4>33 y 4>34, x:3,6 f y:3, fo tetco

hf oc rftr`dub`g hf fstf beofbt`ve hf fjprfscs sfrc hf 6.>28.322 jòfs hf , beg oe

quf sf edtfghrc ugc jfger rftr`dub`g koedco pcrc fstf beofbt`ve hf fjprfscs hf bcs`

60 jòoegfs , quf vfghrc c supegfr ug `gbrfjfgte hfo 2,68% rfspfbte c oes

8.33 fg oc Erhfg

@XB/2262/4>3>, hf 4< hf h`b`fjdrf, berrfk`hc y jehì`bchc fg v`rtuh hf ocs Erhfgfs

@XB/930/4>33, hf 3< hf jcrze f @XB/3>933, hf 4< hf cdrò.

êr su pcrtf, begs`hfrcghe, cbujuoct`vcjfgtf pcrc oes ces 4>33 y 4>34, x:@^B f

y:@^T@, fste fs, @C4>33:@C4>34:>%, fo tetco hf oc rftr`dub`g hf fstf beofbt`ve hf

fjprfscs sfrc hf 6.>44.08< jòfs hf , beg oe quf sf edtfghrc ugc jfger rftr`dub`g

koedco pcrc fstf beofbt`ve hf fjprfscs hf uges ;> jòoegfs , quf vfghrc c supegfr

ug `gbrfjfgte hfo 2,23% rfspfbte c oes 8.33 fg oc Erhfg @XB/2262/4>3>, hf 4< hf h`b`fjdrf,

berrfk`hc y jehì`bchc fg v`rtuh hf ocs Erhfgfs @XB/930/4>33, hf 3< hf jcrze f@XB/3>933, hf 4< hf cdrò.

9 TFRVJFG

9.3.- BETTFBB@G HF OC TFXT@DVB@G HF 4>3>

Hf cbufrhe beg oe sfcoche fg fo pugte 2 hfo prfsfgtf `gierjf, sf fgt`fghf gfbfscrè

jehì`bcr oc rftr`dub`g hfi`g`t`vc pcrc fo ce 4>3> hf ocs fjprfscs h`str`du`hercs

cbek`hcs c o`qu`hcbègfs beg cgtfrèr`hch co 3 hf fgfre hf 4>>0, per oe quf fg oc Erhfg


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hf tcrìcs hf cbbfse c cpo`bcr c pcrt`r hfo 3 hf fgfre hf 4>34, quf i`gcojfgtf sf

cprufdf, hfdfrc `gbou`rsf ug cpcrtche fspfbi`be, hf cbufrhe beg fo s`ku`fgtf tfger=

Crtbuoe \\. Tfv`s`g hf oes bestfs hf h`str`dub`g pcrc 4>3>.

Oes bestfs hfi`g`t`ves pcrc 4>3> berrfspegh`fgtfs c ocs fjprfscs h`str`du`hercs beg jshf 3>>.>>> bo`fgtfs y IFYCRC y REOCGCT, hfhub`hes oes etres `gkrfses hfr`vches hf oeshfrfbles hf cbejft`hc, fgkcgblfs, vfrì`bcb`g y coquòfr hf cpcrctes hf jfh`hc, `gbou`hefo `gbfgt`ve e pfgco`zcb`g c oc bco`hch hfo sfrv`bè sf i`mcg fg ocs s`ku`fgtfs bucgtcs=

Fjprfsc e krup e fjprfscr `c o T4>3>

(Jòfs hf fures)

@DFTHTEOC H@RXT@DVB@G FOBXT@BC, R.C.V.VG@G IFGERC H@RXT@DVB@G, R.C.

L@HTEBCGXDT@BE H@RXT@DVB@G FOBXT@BC, R.C.

F.EG H@RXT@DVB@G, R.O. (*)

FGHFRC pfg`gsuocr

FGHFRC fxtrcpfg`gsuocr

IFYCRC

REOCGCT

3.602.342;6>.>;9

363.868

388.98>

3.;28.;20

2>, quf csb`fghf c 04.68< fures, sf cchf c oc rftr`dub`g berrfspegh`fgtfc F.EG H@RXT@DVB@G, R.O., pcrc fo ce 4>3>.

Cs j`sje, fg oc Erhfg hf tcrìcs hf cbbfse c cpo`bcr c pcrt`r hfo 3 hf fgfre hf 4>34,

quf i`gcojfgtf sf cprufdf, hfdfrc `gbou`rsf oc s`ku`fgtf h`spes`b`g ch`bègco=

H`spes`b`g ch`bègco xxxx. O`qu`hcb`g hf oc rfv`s`g hf oes bestfs hf h`str`dub`g pcrc

4>3>.Ocs cs`kgcbègfs hf bestfs berrfspegh`fgtfs c oc rfv`s`g hf oes bestfs hf h`str`dub`gpcrc 4>3> quf i`kurcg fg fo crtbuoe xx. hf oc prfsfgtf Erhfg, sfrg o`qu`hchcs fg ocso`qu`hcbègfs hf ocs cbt`v`hchfs rfkuochcs hfo ce 4>33.


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9.3.- TFXT@DVB@G HFI@G@X@YC6HF 4>33

Hf cbufrhe beg oes bobuoes rfbek`hes fg fo pugte 8 hfo prfsfgtf `gierjf, oc rftr`dub`g

hfi`g`t`vc pcrc fo ce 4>33 hf ocs fjprfscs h`str`du`hercs cbek`hcs c o`qu`hcbègfs beg

cgtfrèr`hch co 3 hf fgfre hf 4>>0, hfdfrc sfr oc rfbek`hc fg oc s`ku`fgtf Xcdoc=


(Jòfs hf fures)


Vg`g Ifgesc H`str`dub`g, R.C.(*)



Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3.994.3> fg fo quf sfdcs oc Erhfg @XB/2262/4>3>, hf 4< hf h`b`fjdrf, fstc pcrt`hc tfgc ug vcoerhf 8.


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22

9.4.- TFXT@DVB@G ^TEY@R@EGCO HF 4>34

Hf cbufrhe beg oes bobuoes rfbek`hes fg fo pugte 6 hfo prfsfgtf `gierjf, oc rftr`dub`g

prev`sègco pcrc fo ce 4>34 hf ocs fjprfscs h`str`du`hercs cbek`hcs c o`qu`hcbègfs

beg cgtfrèr`hch co 3 hf fgfre hf 4>>0, hfdfrc sfr oc rfbek`hc fg oc s`ku`fgtf Xcdoc=


(Jòfs hf fures)





Fghfsc (pfg`gsuocr)


IFYCRC

REOCGCT

3.;29.8;>

.233 y 4>34.


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CGF\ER= BEGI@HFGB@COFR

Propuesta retribución 2011 a las empresas distribuidoras eléctricas (Es) / Proposal of remunariton...

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