Non-financial terminology
ASSOCIATION OF ISSUING BODIES (AIB)
The AIB aims to develop, use, and promote a standardised system of energy certification for all energy carriers. (www.aib-net.org).
NETHERLANDS AUTHORITY FOR CONSUMERS & MARKETS (ACM)
The Netherlands Authority for Consumers & Markets ensures fair competition between companies, protects consumer interests, regulates the tariffs of energy companies, and oversees compliance with the Electricity Act 1998 and the Gas Act.
DUTCH DATA PROTECTION AUTHORITY
The Dutch Data Protection Authority is the independent regulator in the Netherlands that promotes and safeguards personal data protection.
RELIABILITY
The degree of reliability of the energy supply is expressed as the average duration and frequency of interruptions of the energy transmission to end users.
SUSTAINABILITY
‘Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs’. Enexis briefly interprets this in relation to its primary tasks as ‘Endeavouring to make sensible use of energy sources and the environment’.
INSTALLED RENEWAL CAPACITY
Installed renewable peak capacity, expressed in megawatts. Renewable energy sources include solar and wind (biogas and water excluded).
ENERGY CHAIN
Everything relating to the origin, production, transmission, and end use of energy.
ENERGY TRANSITION
Indication of the transition in energy supply from central generation using fossil energy sources to decentralised generation using renewable energy sources.
CHAIN
The group of parties that carry out a process together. Enexis is active in the energy chain and in the resources chain.
CUSTOMER SATISFACTION
The score that customers give for the performance of Enexis.
CORPORATE SOCIAL RESPONSIBILITY (CSR)
Approach to business aimed at minimising the negative operational impact on the environment and maximising the positive operational impact on society.
GRID OPERATOR
An independent utility company appointed in a designated area to provide for gas and electricity transmission between supplier and customer and to build and maintain grids for this purpose. The tasks of the grid operator are laid down in the Electricity Act 1998 and the Gas Act. Enexis Netbeheer B.V. is the grid operator within Enexis Groep.
ENERGY COMPANY
Enexis Groep is a grid operator consisting of a group of companies, including Enexis Netbeheer and Enpuls. Each company within Enexis Groep has its own specific focus area. Together, we work on a reliable and sustainable energy supply now and in the future.
REGIONAL ENERGY STRATEGY (RES)
The Regional Energy Strategy is a tool for making regional choices with societal involvement about generating sustainable energy, the heat transition in the built environment, and the required storage and energy infrastructure. The RES sets out the strategy a RES region adopts to set and achieve local and/or regional energy goals.
REGULATION
The development and alignment of laws and regulations for the activities of companies, such as grid operators and energy companies, and the government supervision of compliance with these laws and regulations.
SMART METER
A meter for measuring electricity and/or gas consumption that can be read remotely by the grid operator and that makes consumption data available to the customer via a local access portal for further processing via their peripheral equipment.
STATE SUPERVISION OF MINES (SODM)
The independent regulator for mineral and energy extraction in the Netherlands and gas safety.
STAKEHOLDER
The party involved in or affected by the activities of Enexis. As of 1 January 2021, Enexis distinguishes the following stakeholders: customers, employees, shareholders, energy market partners, investors, chain partners, policymakers, and local energy transition partners.
ENERGY FEED-IN
A process where a customer feeds self-generated (and usually renewable) energy into the energy grid.
SAFETY AWARENESS
The ability to effectively translate feelings and experiences into preventive actions and alert responses to dangerous or potentially dangerous situations, so that actions can be carried out without danger.
IMPACTED USER MINUTES (IUM)
The average number of minutes (electricity) or seconds (gas) that the customer is without energy in a calendar year.
FOOTPRINT
Indication of the volume of CO2 that Enexis emits in a calendar year. Within the footprint, Enexis distinguishes between its own emissions and chain emissions.
DESIRED DATE
When requesting a connection, customers can specify the date on which they would like the connection to be realised.
ABSENTEEISM
The absenteeism percentage is calculated by dividing the number of absenteeism days by the number of available days, accounting for the part-time percentage (for the number of available days) and the occupational disability percentage (for the number of absenteeism days). In both cases, this concerns calendar days, not workdays.
Financial terminology
DEGENERATION EXPENSES
Expenses charged by municipalities for damage and inconvenience arising from work on the grid on municipal land.
EBIT
Earnings Before Interest and Tax.
EBITDA
Earnings Before Interest, Tax, Depreciation and Amortisation.
FFO/NET INTEREST-BEARING LIABILITIES
This is calculated as follows: (profit after tax + depreciation expenses − amortised contributions, adjusted for changes in deferred taxes, working capital and other cash flows) / net interest-bearing debt.
INVESTED CAPITAL
Fixed assets plus assets held for sale minus contributions received in advance (non-current and current) minus liabilities held for sale plus net working capital.
NET INTEREST-BEARING LIABILITIES
This is calculated as follows: total interest-bearing liabilities – deposits – cash and cash equivalents.
NET WORKING CAPITAL
Total current assets (excluding cash and cash equivalents, excluding current financial fixed assets and excluding deposits) minus current liabilities (excluding interest-bearing liabilities, excluding prepayments to be amortised in the following year and excluding derivatives).
STANDARD COSTS
Internal price is based on standard quantities and average standard costs.
RETURN ON EQUITY
Result after taxes divided by equity capital at year-end.
ROIC
EBIT divided by the invested capital at year-end.
SOLVENCY
Equity x 100% divided by the balance sheet total.
WORK PACKAGE
Gross investments and operational work on the electricity and gas grids, plus activities relating to smart meters based on standard tariffs.
X-FACTOR
The ACM uses the X-factor to calculate the reduction applied to promote operational efficiency.