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
Photo: Vattenfall
Photo: Vattenfall
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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