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MYTO_MODEL_2011.xlsm 09/18/2011
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New Entrant Model (NEM) 13:46:22
A B C D E F G H I J K L M N O P Q R S
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94 Begin - Backup Calculations
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108 Begin - Equalization Calculations
171 End - Equalization Calculations
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MYTO_MODEL_2011.xlsm 09/18/2011
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New Entrant Model (NEM) 13:46:23
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* (NEM Calc) Generation revenue is reduced by MLF to allow for transmission loss
Calculations Below
Regulated costs (nominal) (N '000) 2012 2013 2014 2015 2016
N'000
Total Generation Wholesale generation costs + PPAs 359,180,928 508,303,279 720,247,667 871,456,032 994,368,268
Annual NERC Licence charge 5,387,714 7,624,549 10,803,715 13,071,840 14,915,524
Total Generation 364,568,641 515,927,828 731,051,382 884,527,872 1,009,283,792
Transmission Opex Var O&M Costs 999,987 1,119,985 1,254,384 1,404,910 1,573,499
Admin costs (fixed) 9,508,549 9,584,617 9,661,294 9,738,585 9,816,493
Fixed O&M Costs 12,631,886 14,367,735 16,087,585 18,077,779 18,257,755
Opex Subtotals 23,140,422 25,072,337 27,003,263 29,221,273 29,647,747
Return on Working Capital 282,220 401,101 434,587 468,057 506,502
Depreciation 1,525 677,856 759,056 846,681 493,107
Bulk Trader Charges 833,043 859,030 796,165 794,543 794,543
NERC Charge 351,363 392,269 422,954 458,040 459,710
Ancillary service charge 1,335,348 1,950,769 2,639,604 3,285,892 3,862,912
Total Transmission 25,943,921 29,353,363 32,055,629 35,074,485 35,764,521
All Discos Opex O&M Costs 9,292,622 9,664,327 10,050,900 10,452,936 10,871,053
Admin costs (fixed) 58,240,108 58,706,029 59,175,677 59,649,082 60,126,275
Fixed O&M Costs 27,877,865 31,223,209 34,969,994 39,166,393 43,866,360
Opex Subtotals 95,410,594 99,593,564 104,196,570 109,268,411 114,863,688
Return on Capital 112,403,527 124,221,054 134,990,455 145,978,525 157,200,553
Depreciation 48,072,538 52,733,941 57,858,171 63,246,287 68,503,882
NERC charge 3,838,300 4,148,228 4,455,678 4,777,398 5,108,522
Total Distribution 259,724,959 280,696,787 301,500,875 323,270,621 345,676,645
Total 650,237,521 825,977,979 1,064,607,885 1,242,872,979 1,390,724,957
Energy consumption
Billed sales (all discos) (GWh) 27,889 37,204 45,946 52,178 55,351
Revenue collected sales (all discos) (GWh) 26,216 35,716 45,027 51,134 54,244
Regulated Tariff
Average tariff (NGN/MWh) (billed sales) 23,315 22,201 23,171 23,820 25,126
Average tariff (NGN/MWh) (Revenue collected sales) 24,803 23,126 23,644 24,306 25,638
Regulated Revenue
To NERC (N '000) 9,577,376 12,165,047 15,682,347 18,307,279 20,483,756