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The expenses resulting from maintaining the security of supply are financed centrally by the Security of Supply Fund, which is external to the State budget and which is managed by the National Emergency Supply Agency.
The Fund covers the expenses arising from security stockpiling, technical emergency schemes and readiness planning. Furthermore, various public authorities work diligently to maintain, broaden and enhance readiness. Business companies' risk management is also important for the security of supply.
Where does the money come from?
A security of supply fee is levied in conjunction with energy taxes. Its amount is approximately half a per cent of retail prices.
The amount of the security of supply fee is - motor petrol 0.0068 €/ litre - diesel oil 0.0035 €/ litre - heavy fuel oil 0,0028 €/ litre - electricity 0.00013 €/kWh - coal 1,18 €/ton - natural gas 0.00084 €/nm³
The annual yield of the fee is 50 million euro, a sum which is credited to the Security of Supply Fund.
The National Emergency Supply Agency's finances
NESA applies business management principles to security stockpiling and endeavours to profit from the price fluctuations of various materials. Because the basic purpose of NESA’s operations is to keep goods in stock to meet needs in crisis situations, it is not a business enterprise.
The amount of NESA's balance sheet is circa 1 billion euro. Most of its assets consist of stockpiled materials. The biggest product group is liquid fuels, which constitutes 80 percent of NESA's assets. Other important product groups are cereals and seed grain, medical supplies, and various materials needed in industrial production. Because of the character of NESA's operations, more detailed information on stockpiling is confidential.
Stockpiles are integrated into the natural logistical chains. All materials are commercially marketable and fulfill environmental requirements. NESA has concluded a great number of co-operation agreements with business enterprises for managing and recycling stockpiles. The quality and the quantity of stockpiled materials are monitored on a continuous basis. Goods and materials are recycled and exchanged for new ones by commercial operations so that their quality does not deteriorate, and so that no quantitative loss occurs.
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