AUC vs. DUC
In the combined year 2020-2021, the terminal AUC was -6.1% (or -11.49€2017) lower than the planned DUC. This results from the combination of higher than planned TNSUs (+1.8%) and lower than planned terminal costs in real terms (-4.4%, or -4.8 M€2017).
Terminal service units
The difference between actual and planned TNSUs (+1.8%) falls within the ±2% dead band. Hence the resulting additional terminal revenue is kept by the ANSPs.
Terminal costs by entity
Actual real terminal costs are -4.4% (-4.8 M€2017) lower than planned. This is driven by the main ANSP, DSNA (-4.6%, or -4.8 M€2017), the MET service provider (-0.1%, or -0.01 M€2017) and NSA costs (-4.5% or -0.03 M€2017).
Terminal costs for the main ANSP at charging zone level
The lower than planned terminal costs in real terms for DSNA (-4.6%, or -4.8 M€2017) result from:
- lower staff costs (-2.3%);
- lower other operating costs (-4.2%);
- lower depreciation (-12.0%), mainly in relation with the postponement of commissioning from 2021 to 2022 (contractual negotiations for SYSAT project which were expected to be concluded by the end of 2021 have been delayed to early 2022 therefore shifting some expenditures from 2021 to 2022, including some related OPEX) and the transfer of some investment costs to project-related OPEX costs;
- lower cost of capital (-0.5%), due to decrease in net current assets (8.2%), compensating increase in NBV (+4.9%) and WACC (+0.07 p.p.);
- higher deduction for VFR exempted flights (+70.3%).