Nordic countries

Vattenfall is the leading energy company in the Nordic countries, providing about 22 per cent of the total electricity supply in the deregulated Nordic electricity market. We generate, distribute and sell electricity, and have a significant heat production. We also sell district heating and district cooling.

Vattenfall's vision is Energy You Want and we are a leader in sustainable production, ensuring reliable and cost efficient energy supply. We are a dedicated partner to our customers and society at large, providing a wide range of energy solutions to give customers tools for more sustainable and efficient energy consumption.

Vattenfall's offerings and interactions vary from market to market, but the overall focus is on

  • charging solutions (e-mobility, for example charging boxes and charging stations)
  • smart homes/facility management (for example EnergyWatch and smart plugs)
  • decentralised generation and
  • online customer interaction models.

Furthermore, Vattenfall is the only electricity company in Sweden to offer its customers EPD-certified electricity. EPD (Environmental Product Declaration) is a third-party verified environmental declaration.

Sweden's largest network operator

Vattenfall is Sweden's largest network operator with approximately 899,000 network customers. We provide about 50 per cent of Sweden's electricity generation and have roughly a 30 per cent market share of the Swedish electricity sales (sales to both retail and industrial customers) and sell electricity nationwide.

Energy production and sales in Finland

Vattenfall is Finland's third largest seller of electric power, with customers throughout the country in both the B2C and B2B sectors. This market is expected to grow in the coming years.

In 2015 and 2016, consumers have rated Vattenfall as Finland's most responsible energy company, according to The Sustainable Brand Index survey that reviews the sustainable development and responsibility of brands in Scandinavia.

Vattenfall generates hydro power at ten power plants in Finland, the largest of which is the Pamilo hydroelectric plant in Joensuu, North Karelia. The company generates 0.4 TWh of hydro power annually. Vattenfall employs more than 60 people in Finland.

Leading in onshore wind power in Denmark

In Denmark, we own and operate about 10 per cent of the total power generation capacity. We have business customers in the country and are the largest owner and operator of onshore wind power. In February 2015 Vattenfall won the concession to build and operate the Horns Rev III offshore wind farm (400 MW) off the Danish west coast, to be commissioned in 2019.

Vattenfall has won the Danish Near Shore Wind Tender (DNS)

Vattenfall has submitted the final bid for the two sites Vesterhav Syd and Vesterhav Nord and the outcome of the tender is based on Vattenfall delivering the lowest bid of 0,475 kr/kWh. Prior to construction start, Vattenfall needs a final approval from the Danish government.

Electricity to industries in Norway

In Norway, Vattenfall provides electricity to major industries.

The Nordic market

The electricity price from producers to suppliers in the Nordic countries is set on Nord Pool, a trading spot for electricity, where – like in any commodity exchange – the price is governed by supply and demand.

Five large producing companies account for approximately half of the production: Vattenfall, Uniper, Fortum, Statkraft and Dong. In practice, however, it is the different production plants that compete to supply electricity to Nord Pool.

On the demand side, Scandinavia has a higher proportion of heavy industrial customers with electricity-intensive production than the rest of Europe. A large number of electricity suppliers compete to supply electricity to retail customers.

Vattenfall's history in the Nordic countries

Vattenfall AB is a Swedish public company with headquarters in Stockholm. The company is 100 per cent owned by the Government of Sweden. The Parliament has decided that Vattenfall shall operate in a businesslike manner and generate a market rate of return. Operating as a commercial energy business, Vattenfall shall be among the leaders in developing environmentally sustainable energy production.

1909 – Vattenfall was founded to exploit the national fall rights to produce electricity and supply power to the railways and industries. Up until the 1970s, hydro power was the main source of energy and platform for industrialisation in Sweden.

The 1970s and 80s – hydro power was complemented by nuclear power, which dramatically reduced Sweden's dependence on imported oil and coal.

1992 – Vattenfall was restructured as a limited company.

1996 –The Nordic region became a single electricity market with open competition. Vattenfall established a strategy for international growth and acquired assets in several countries, aiming to become a leading European energy company.

2005 - In April, 35.3 per cent of the shares in the Danish company Elsam A/S are acquired.

2006 - On 1 July, a number of Danish wind power and combined heat and power assets are acquired from the Danish company DONG.

2007 - The Lillgrund wind farm, with 48 turbines, is commissioned and begins delivering electricity at the end of the year.

2009 - Vattenfall begins collaborations with car makers (BMW and Volvo) on development of electric and plug-in hybrid cars.

2014 - Vattenfall continues its investments in wind power. Onshore wind farm Hjuleberg (36 MW) in Sweden is inaugurated. Vattenfall and the insurance and banking company Skandia decide to co-invest in four new wind farms in Sweden with a combined capacity of 141 MW.

Last updated: 2016-10-10 10:09