Related parties

As an operator in the field of generation, distribution, transport and sale of electricity and the sale of natural gas, Enel carries out transactions with a number of companies directly or indirectly controlled by the Italian State, the Group’s controlling shareholder.

The table below summarizes the main types of transactions carried out with such counterparties.

Related party Relationship Nature of main transactions 
Single Buyer  Fully controlled (indirectly) by the Ministry for the Economy and Finance  Purchase of electricity for the enhanced protection market 
EMO - Energy Markets Operator  Fully controlled (indirectly) by the Ministry for the Economy and Finance  Sale of electricity on the Power Exchange
Purchase of electricity on the Power Exchange for pumping and plant planning
Sale of electricity for own use 
ESO - Energy Services Operator  Fully controlled (directly) by the Ministry for the Economy and Finance  Sale of subsidized electricity
Payment of A3 component for renewable resource incentives
Sale of electricity for own use 
Terna  Indirectly controlled by the Ministry for the Economy and Finance  Sale of electricity on the Ancillary Services Market
Purchase of transport, dispatching and metering services
Sale of electricity for own use 
Eni Group  Directly controlled by the Ministry for the Economy and Finance  Sale of electricity transport services
Purchase of fuels for generation plants, storage services and natural gas distribution
Sale of electricity for own use 
Finmeccanica Group  Directly controlled by the Ministry for the Economy and Finance  Purchase of IT services and supply of goods
Sale of electricity for own use 
Poste Italiane Group  Fully controlled (directly) by the Ministry for the Economy and Finance  Purchase of postal services
Sale of electricity for own use 

Finally, Enel also maintains relationships with the pension funds FOPEN and Fondenel, Fondazione Enel and Enel Cuore, an Enel non-profit company devoted to providing social and healthcare assistance.

All transactions with related parties were carried out on normal market terms and conditions, which in some cases are determined by the Authority for Electricity and Gas.

For more details on transactions with related parties, please see the discussion in note 37 to these consolidated financial statements.