Cost-efficiency - Greece

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Terminal charging zone

Unit cost (KPI#1)

Actual and determined data
Total costs - nominal (M€) 2020-2021 2022 2023 2024
Actual costs 30 NA NA NA
Determined costs 35 21 25 29
Difference costs −4 NA NA NA
Inflation assumptions 2020-2021 2022 2023 2024
Determined inflation rate NA 4.5% 1.3% 1.6%
Determined inflation index NA 106.5 107.9 109.7
Actual inflation rate NA NA NA NA
Actual inflation index NA NA NA NA
Difference inflation index (p.p.) NA NA NA NA

AUC vs. DUC

The AUC for the combined year 2020-2021 corresponds to 202.78 €2017 and was lower by -13.2%, or -30.84€2017 from DUC (233.62€2017). This results mainly form the lower by -13.1% (-4.5 M€2017) terminal costs with the traffic was at the same level as planned (+0.1%).

Terminal service units

The actual TNSUs reached the planned level (+0.1%). what falls within the ±2% dead band. Hence the resulting gain is kept by the ANSPs.

Terminal costs by entity

Actual real terminal costs for 2020-2021 are -13.1% (-4.5 M€2017) lower than planned. This result is driven by the main ANSP (HCAA, now HASP) with the costs lower by -12.7% (-4.2 M€2017), METSP (HNMS) with a costs decrease of -36.9% (-0.3 M€2017) and NSA with the costs higher by +15.5%.

Terminal costs for the main ANSP at charging zone level

Overall, the terminal costs in real terms for HCAA (now HASP) in 2020-2021 were lower by -12.7% (-4.2 M€2017) comparing to the determined costs from the performance plan. This is mainly the result of:
- lower staff costs (-15.4% or -3.7 M€2017) reflects the amendments to the recruitment plan implemented during COVID-19 crisis;
- lower other operating costs (-5.5% or -0.5 M€2017) due to costs savings in 2021; and
- slightly lower deduction of the costs of exempted VFR flights (-3.8%).
No difference is observed for the cost of capital and depreciation costs for HCAA (HASP) in combined year 2020-2021.

Actual unit cost incurred by the users (AUCU) (PI#1)

AUCU components (€/SU) – 2020-2021
Components of the AUCU in 2020-2021 €/SU
DUC 236.82
Inflation adjustment 0.57
Cost exempt from cost-sharing 0.16
Traffic risk sharing adjustment 0.00
Traffic adj. (costs not TRS) −0.01
Finantial incentives 0.00
Modulation of charges 0.00
Cross-financing 0.00
Other revenues 0.00
Application of lower unit rate −21.22
Total adjustments −20.50
AUCU 216.32
AUCU vs. DUC −8.7%
Cost exempt from cost sharing by item - 2020-2021 €'000 €/SU
New and existing investments 0.0 0.00
Competent authorities and qualified entities costs 23.6 0.16
Eurocontrol costs 0.0 0.00
Pension costs 0.0 0.00
Interest on loans 0.0 0.00
Changes in law 0.0 0.00
Total cost exempt from cost risk sharing 23.6 0.16

The actual terminal unit cost incurred by airspace users (AUCU) in respect of activities performed in the combined year 2020-2021 (216.32€) is -8.7% lower than the nominal DUC (236.82€), which includes DUC initially charged: 205.25€; and to be charged: 31.57€. The difference between these two figures (-20.50€/SU) arising from:
- the positive inflation adjustment resulting from higher than planned inflation (+0.57€/SU);
- the positive adjustment of +0.16€/SU for costs exempt from cost-sharing;
- the deduction of traffic adjustment (-0.01€/SU), for the costs not subject to traffic risk sharing to be reimbursed to airspace users in future years;
- the deduction of -21.22€/SU resulting from the application of the lower unit rate arising from the decision of the Greek Government to subsidize a part of the terminal navigation unit rate at Athens Airport (LGAV) for 2020 and 2021, as communicated by Greece in September 2022.
The share of the regulatory result in the AUCU (before the deduction of other revenues) is 15.3%

Regulatory result (RR)

HCAA (now HASP) net gain on activity in the terminal charging zone in the combined year 2020-2021
HCAA’s net gain amounts to +4.4 M€ mainly due to gains of +4.3 M€ from the cost sharing mechanism, and gains of +0.04 M€ from the traffic risk sharing mechanism.
HCAA (now HASP) overall regulatory results (RR) for the terminal activity
Ex-post, the overall RR taking into account the net gain from the terminal activity mentioned above (+4.4 M€) and the actual RoE (+0.2 M€) amount to +4.6 M€ (13.5% of the terminal revenues).