Business Area Distribution

Operating segment Distribution consists of regulated electricity distribution operations in Sweden and in the UK as well as offerings in the unregulated Power-as-a-Service (PaaS). It is primarily a regulated business supervised by national regulators.

A robust and cost-efficient grid is a prerequisite for the energy transition.

In Sweden, Vattenfall owns and operates around 139,000 km of electricity grids and has approximately one million business and private customers. Vattenfall is the largest owner and operator of regional grids and one of the three largest owners of local grids. In the UK, Vattenfall is one of 16 licensed Independent Distribution Network Operators (IDNOs) that develop and own local grids. The PaaS offering enables electrification of the industry and heavy transport sectors by acquiring, building, owning, and operating electrical infrastructure tailored for each customer.

Strategy and targets

The 2022 energy crisis has made it even more evident that a robust and cost-efficient grid is a prerequisite for the energy transition. We aim to enable distribution of twice as much electricity in our grid by 2030 with 99.99 per cent continuity of supply. To accelerate the expansion and renew the electricity grid, it is important to have long-term and stable market prerequisites, and we are working on alleviating bottlenecks such as regulations, permitting processes, and our access to contractors.

Our strategy is deeply rooted in the sustainability agenda, focusing on biodiversity, reducing CO₂ emissions in our supply chain, and ensuring the health and safety of our contractors, and employees. How we do business and use our resources is just as important as what we do to improve our sustainability performance. Thus, we are committed to contributing to a just energy transition that works for people, society, and the environment.

We are focusing on implementing new innovative solutions and services, such as flexible grid solutions and digital customer interfaces. At the same time, we strive to develop our existing assets and develop our relationships with customers, stakeholders, and suppliers.

Key data

<sup>1. Operating profit excluding items affecting comparability.
2. SAIDI: System Average Interruption Duration Index. Refers to Sweden.
3. SAIFI: System Average Interruption Frequency Index. Refers to Sweden.</sup>