Vattenfall breaks even
Despite soaring revenues, the Swedish utility goes from a SEK 50bn (USD 4.74bn) profit to next to nothing. In spite of record-breaking energy rates, the Swedes have only secured an average price of SEK 0.20 per kWH for its electricity
BY MAZ PLECHINGER, TRANSLATED BY SIMON ØST VEJBÆK
Many things seemed to go Vattenfall’s way in 2022. Price rates on the state-owned utility’s products soared, the establishing of Kriegers Flak caused major tailwind to the company’s wind division, while politicians suddenly batted their eye at the nuclear power which comprises a substantial part of the company’s fleet. However, the upturn is not exactly reflected on the bottom line.
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