MEMO ENGLISH VERSION
P02 RTE in 2015P03 ProfileP04 The grid
P06 Flow of electricityP08 GenerationP10 Consumption & exchange
P12 Electricity marketP14 EuropeP16 Major achievements in 2015P18 Major ten-year projects
P20 Financial results for the RTE Group
P22 RTE Group organizational structure as of January 2016
P24 Organization of RTE as of 1st June 2016
1, terrasse Bellini TSA 4100092919 La Défense Cedex
www.rte-france.com
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Ta b l e o f C o n t e n t s
RTE in 2015 ProfilTwenty-four hours a day, seven days a week, we convey electricity from suppliers to consumers, at the best cost for our customers and the community.
As both an architect and a designer of the electricity market, we devise solutions to optimise its operation and infrastructures.
We employ innovative methods to adapt the network to the challenges of energy transition.
We are a key player in electricity in Europe, with 50 cross-border links that provide essential opportunities for exchange and allow us to optimise the electricity system in economic terms.
We work constantly with our partners at a local, national and European level.
We are 8,500 experts in varied and complementary areas of activity.
We are RTE, the grid for smart power.Find out how we use our ingenuity to benefit our customers at www.rte-france.com
€4,593 millionturnover
€215 millionnet income
8,500employees
3
STANDARDIZED VOLTAGE≤ 150 KV
STANDARDIZED VOLTAGE400 KV AND 225 KV
Number of RTE substations
721 1,989
400 kV 225 kV ≤ 150 kV
24 new substations
Including 17 RTE substations and 7 customer substations
Overhead lines (km) Underground lines (km)
Overhead and underground lines
60,000
50,000
40,000
30,000
20,000
10,000
0
21,8
15
25,6
16
52,9
81
3,74
4
RTE’s grid
625 km of new or refurbished lines
in 2015
97 % of new 90 kV and 63 kV lines commissioned between 2013 and 2015 are underground
1,28
7
5
5
The flow of electricity
through RTE’s grid
495 TWh*total energy injected into the network
by generation units in 2015
*billions of kWh
1.4
Net energy injected on the RTE grid in TWh
Total netenergy injected
Nuclear
Hydro- electric
Fossil Fuel
Thermal
Wind
Other renewable energy
sources*
In 2014 In 2015
600
500
400
300
200
100
0
53.5
61.8
22.2
14.4
1.4
1.3
0.9
* Mainly: urban waste, paper manufacturing waste, biogas, photovoltaic
416.
8
415.
9
495.
1
494.
5
Total netdelivery Distribution
networks
Direct customers
PumpingExchange (exports)
Net delivery on the RTE grid in TWh
In 2014 In 2015
500
400
300
200
100
0
64.6
64.7
64.3
67.6
6.8
7.8
484.
8
483.
9
349.
1
343.
9
Total Distribution
networks
Direct customers
PumpingExchange (exports)
Net delivery corrected for extreme weather in TWh
In 2014 In 2015
500
400
300
200
100
0
64.6
64.7
64.3
67.6
6.8
7.8
489.
9
496.
8
354.
2
356.
7
Losses in 2015
10.7 TWhor 2.10%
7
Generation
+24.5%Wind and photovoltaic
generation in 2015 (compared with 2014)
Installed power in MW in France
Energy generated in TWh in France
Evolution of wind and photovoltaicgeneration in MW
Installed wind capacity as of 31 December
Installed photovoltaic capacity as of 31 December
10,000
8,000
6,000
4,000
2,000
0
2014 20152005 2006 2007 2008 2009 2010 2011 2012 2013
752
0
1,502
4
2,250
7
3,327
61
4,574
195
5,764
874
6,714
2,584
7,536
3,727
8,1579,313
10,312
5,297
6,191
4,366
25,421Hydro-electric
58.7 Hydro-electric (10.8%)
63,130Nuclear
416.8 Nuclear (76.3%)
10,312Wind
21.1 Wind (3.8%)
1,703Bioenergy
7.9 Bioenergy (1.5%)
6,191Photovoltaic
7.4 Photovoltaic (1.4%)
22,553Fossil fuel thermal
34.1 Fossil fuel thermal (6.2%)
9
Consumption & exchange
475.4 TWhFrench consumption in 2015
History of annual consumption peaks in France
in GW
The data correspond to the highest peak demand of the year.
105
92.5
80
2014 20152005 2006 2007 2008 2009 2010 2011 2012 2013
82.5
91.6
86 86.3
88.9
84.4
92.4
96.7
91.8
102.1
92.6
History of french grossannual consumption in TWh
2014 20152003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
600
500
400
300
200
100
0
465.
3
475.
4
468.
4
479.
6
483.
2
478.
4
480.
4
494.
5
486.
7
513.
1
478.
8
489.
5
495.
0
2009 2011 2012 2013 20152014
70
60
50
40
30
20
10
0
25.7
30.5
56.9
45.3
48.5
67.2
63.7
Net physical export balance in TWh
2010
11
The electricity market
Annual volume of power exchanged on the market in TWh (EPEX SPOT)
2014
67.82015
106.9
195 Balance responsible entities
as of 31 December 2015
+ 3 compared with 2014
2015 results of the balancing mechanism (used to adjust power
supply and demand)2.84 TWh
0
-4.34 TWh
TOTAL EXPORTS = 91,3
TOTAL IMPORTS = 29,6 * Central West Europe (CWE): the area covering France, Belgium, Germany, Luxembourg and the Netherlands, where electricity market prices have been aligned since 2010
Contractual cross-border exchanges in 2015 in TWh
FRANCE
CWE*
SWITZERLAND
ITALY
SPAIN
GREAT BRITAIN15.9
1.8
13.420.1
12
25.9
20.1
0.4
9.3
2
52Number of balancing entities
as of 31 December 2015
Breakdown of the adjustment mechanism for year 2015 in TWh
1,500,000
1,000,000
500,000
0
-500,000
-1,000,000
-1,500,000
-2,000,000
Hydro- electric
Nuclear
Fossil fuel thermal
TSO-Player exchanges
Consumption load-shedding
TSO-TSO exchanges
(Balit/Support)
Activated Submitted
13
Europe
50cross-border links between France
and neighbouring countries
10,000 MWof interconnection capacity
with our European neighbours
Average daily prices on the electricity markets in 2015
Europe is the most interconnected region in the world
600 million consumers
3,300 TWh of electricity generated in 2015
more than300,000 km
of extra high-voltage lines
354 interconnecting lines in Europe
Great Britain€ 55,7 /MWh
Nord Pool€ 21,0 /MWh
Netherlands€ 40,0 /MWh
Germany€ 31,6 /MWh
Italy€ 52,3 /MWh
Belgium€ 44,7 /MWh
France€ 38,5 /MWh
Switzerland€ 40,3 /MWh
Spain€ 50,3 /MWh
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MELUN
VESOUL
NEVERS
ALENÇON
CAHORS
METZ
ANNECY
PAUTARBES
ARRAS
BELFORT
CHATEAUROUX
VERSAILLES
COLMAR
PARISBAR-LE-DUC
LE MANS
BEAUVAIS
CLERMONT-FERRAND
NANTES
LIMOGES
NIMES
ORLEANS
RENNES
AVIGNON
AGEN
CHAUMONT
TOURS
CHALONS-EN-CHAMPAGNE
GRENOBLE
AUCH
VANNES
LAVAL
SAINT-LOCAEN
CHARTRES
MONTAUBAN
CHARLEVILLE-MEZIERES
TOULOUSE
LA ROCHELLE
ANGOULEME
MACON
CARCASSONNE
FOIX
AUXERRE
ROUEN
BOURG-EN-BRESSE
POITIERS
PONTOISE
DIJON
EVRY
EPINAL
AMIENS
PERPIGNAN
LYONS
TOULON
PERIGUEUX
BOURGES
LONS-LE-SAUNNIER
RODEZ
TULLE
ALBI
LE PUY-EN-VELAY
MOULINS
EVREUX
GAP
STRASBOURG
CHAMBERY
BLOIS
MENDE
LILLE
LA ROCHE-SUR-YON
QUIMPER
NIORT
GUERET
NANTERRE BOBIGNY
CRETEIL
SAINT-BRIEUC
SAINT-ETIENNE
PRIVAS
ANGERS
BESANÇON
DIGNE-LES-BAINS
NICE
BORDEAUXVALENCEAURILLAC
LAON
TROYES
MARSEILLES
NANCY
MONT-DE-MARSAN
MONTPELLIER
Production integration in Champagne-Ardenne
Voltage management in Northern France
Voltage management in Normandy and Western Paris
Seine-et-Marnepower supply
Electricity supply PACA (safety net)
Voltage management in Eastern PACA
Stability of grid in Lower Rhone Valley
Côtes-d’Armorpower supply
Bretagnepower supply
Southern Pays de Loirepower supply
Increase in traffic on LGV Sud-Est high-speed rail line
Voltage management in Eastern France
Bourgespower supply
Production integration in PACA
Voltage management in South-Western France
Perpignanpower supply
France-Spain interconnection in Eastern Pyrenees
Bordeauxpower supply
Pays de Retzpower supply
Pays mantoispower supply
EXISTING NETWORK
Refurbishment of lines
Construction of new lines
Project being studied
AIM
Combined cycle gas turbines
Renewable energy
Tidal power
GENERATION CONNECTION
Substation projects and connections are represented by pictograms.
Management of low voltage levelsManagement of high voltage levelsShort-circuit current controlNetwork stability
SECURITY OF THE ELECTRIC SYSTEM
SUPPLY SECURITY
INTERCONNECTIONS
400 kV line225 kV line
Major achievements in 2015
17
MELUN
VESOUL
NEVERS
ALENÇON
CAHORS
METZ
ANNECY
PAUTARBES
ARRAS
BELFORT
CHATEAUROUX
VERSAILLES
COLMAR
PARISBAR-LE-DUC
LE MANS
BEAUVAIS
CLERMONT-FERRAND
NANTES
LIMOGES
NIMES
ORLEANS
RENNES
AVIGNON
AGEN
CHAUMONT
TOURS
CHALONS-EN-CHAMPAGNE
GRENOBLE
AUCH
VANNES
LAVAL
SAINT-LOCAEN
CHARTRES
MONTAUBAN
CHARLEVILLE-MEZIERES
TOULOUSE
LA ROCHELLE
ANGOULEME
MACON
CARCASSONNE
FOIX
AUXERRE
ROUEN
BOURG-EN-BRESSE
POITIERS
PONTOISE
DIJON
EVRY
EPINAL
AMIENS
PERPIGNAN
LYONS
TOULON
PERIGUEUX
BOURGES
LONS-LE-SAUNNIER
RODEZ
TULLE
ALBI
LE PUY-EN-VELAY
MOULINS
EVREUX
GAP
STRASBOURG
CHAMBERY
BLOIS
MENDE
LILLE
LA ROCHE-SUR-YON
QUIMPER
NIORT
GUERET
NANTERRE BOBIGNY
CRETEIL
SAINT-BRIEUC
SAINT-ETIENNE
PRIVAS
ANGERS
BESANÇON
DIGNE-LES-BAINS
NICE
BORDEAUXVALENCEAURILLAC
LAON
TROYES
MARSEILLES
NANCY
MONT-DE-MARSAN
MONTPELLIER
Substation projects and connections are represented by pictograms.
SUPPLY SECURITY
INTERCONNECTIONS
EXISTING NETWORK400 kV line225 kV line
Refurbishment of lines
Construction of new lines
Project being studied
AIM
Combined cycle gas turbines
Renewable energy
Tidal power
GENERATION CONNECTION
Management of low voltage levelsManagement of high voltage levelsShort-circuit current controlNetwork stability
SECURITY OF THE ELECTRIC SYSTEM
Major ten-year projects
Origin: Ten-Year Development Programme for the 2015 Grid
19
GEARING 2014 2015
Ratio net indebtedness / equity 62.9% 63.9%
ECONOMIC PROFITABILITY (ROCE) 2014 2015
Ratio EBIT / capital employed for business 6.8% 8%
FINANCIAL PROFITABILITY (ROE) 2014 2015
Ratio net profit / equity 7.4% 4.2%
Income statement Financial indicators
Millions of euros 2014 2015
Turnover 4,461 4,593
EBITDA 1,687 1,913
EBIT 959 1,206
Financial result -308 -424
Net income 379 215
Financial results shown are in line with IFRS (International Financial Reporting Standards).
Financial results for the RTE group
The transmission cost represents 7.5% of a domestic customer’s electricity
bill on average
History of RTE’s investments (millions of euros)
ASSETS (millions of euros) 2014 2015
Net fixed assets 15,054 15,711
Receivables and inventories 1,717 1,443
Cash flow and short financial assets 1,361 974
LIABILITIES (millions of euros) 2014 2015
Equity 5,109 5,159
Provisions 1,156 1,159
Financial indebtedness 9,238 9,234
Other liabilities 2,629 2,576
Simplified balance sheet
NB: Figures for the RTE Group comply with IFRS, except for the return on capital employed which is calculated based on the parent company RTE’s individual financial statements under French GAAP.
N.B. RTE’s net financial debt is made up of “Financial debt” (gross) minus “Cash and cash equivalents”, i.e. 7,877 million euros in 2014 and 8,260 million euros in 2015.
* Provisional figure.
2014 2015 2016(1)2006 2007 2008 2009 2010 2011 2012 2013
2,000
1,500
1,200
900
600
300
0
1,40
2
1,54
9
633 773
834
1,02
1
1,17
0
1,15
8
1,35
7
1,44
6
1,37
4
Within the perimeter of RTE investments approuved by CRE in current euros.(1) Investment figure approved by CRE in 2016.
21
RTE Group organizational structure as of January 2016
49%
34% 50%
100%
20%
100% 5%
12.1%
100%
100%
100%
DECLARANET
HGRT
Organization of RTE as of 1st June 2016
A limited company governed by a Management Board and a Supervisory Board, RTE’s autonomy, administrative
independence and neutrality are guaranteed by its articles of association
and mode of governance.
THE MANAGEMENT BOARD François BROTTES, President of the RTE Management Board
Valérie CHAMPAGNE, Senior Vice President in charge of finance and procurement
Olivier GRABETTE, Senior Vice President in charge of long-range planning, expertise and solutions
Clotilde LEVILLAIN, Senior Vice President in charge of development & engineering, operation and services
Xavier PIECHACZYK, Senior Vice President in charge of networks, customers and regions
EXECUTIVE COMMITTEE The Executive Committee comprises the 5 members of the Management Board and:
Hervé LAFFAYE, Deputy President in charge of European and international affairs
Alain FIQUET, Senior Vice President in charge of legal matters & oversight
Olivier LAVOINE, Senior Vice President in charge of diversification & leverage
Bertrand SIGNÉ, Senior Vice President in charge of human resources
SUPERVISORY BOARDThe Supervisory Board is composed of the French State, 3 members appointed by the shareholder on a propo-sal from the French State, 4 members appointed by the shareholder and 4 members representing employees. French State, represented by Thomas GOSSET
Members appointed by the shareholder on a proposal from the French State Didier MATHUS (Chairman) Marie-Solange TISSIER Michel PINET
Members appointed by the shareholder Xavier GIRRE (Vice-Chairman) Marc ESPALIEU Nicole VERDIER-NAVES Valérie LEVKOV
Members representing employees Wilfried DENOIZAY Jean-Louis DUGAY Dominique LORET Christophe AIME
Supervisory Board Secretary Alain FIQUET
25