Gasunie Deutschland’s business model

The business model of Gasunie Deutschland is largely identical to that of GTS. The main differences between the Dutch and the German regulation models are as follows:

• The permitted return on capital consists of the real interest costs and a competitive return on equity, up to a maximum share of 40% of equity in the total capital. The permitted nominal return on equity for all investments is on average approximately 7.4% for the current regulation period (from 2013 up to and including 2017).
• New investments receive a return on capital from the beginning, and immediately contribute to revenues.
• For each regulation period, BNetzA carries out an individual efficiency benchmark on the total costs of a network company. For the current regulation period 2013–2017, Gasunie Deutschland has received an assessment rating of ‘100% efficient’.