Our operations

Business Area Power Generation

Vattenfall is one of the largest producers of fossil-free electricity in Europe. Safe, reliable and efficient electricity generation by hydro and weather-independent nuclear power plants serve as the backbone for northern Europe’s electricity system.

Forsmark nuclear power plant in Sweden

The Forsmark nuclear power plant in Sweden.

In 2018 the Power Generation operating segment produced a total of 90.5 TWh of electricity, where the Swedish part accounted for more than 55% of Sweden’s total electricity generation. Optimisation and distribution of reliable and flexible power to the market is provided by the Markets Business Area, which handles hedging, sourcing and trading to ensure security of supply to Vattenfall’s customers. Our service business develops and delivers maintenance services to both internal and external customers in the Nordic energy market.

Strategy

The Swedish energy agreement that was reached in 2016 enables our fossil-free and cost-effective nuclear power to play a key role in the phase-out of fossil fuels from the energy system. Our flexible hydro power is becoming increasingly important as a tool for balancing the growing share of weather-dependent electricity generation.

The following focus areas have been identified for Power Generation:

  • Provide safe, reliable, and efficient hydro and nuclear power generation while proactively preventing incidents and accidents and mitigating the consequences of any accidents to employees, the general public and the environment. A target cost level of 19 öre/kWh has been set for 2021
  • Ensure flexible operations that deliver high availability in our power plants and allow us to deliver electricity in periods with low production from weatherdependent energy sources
  • Ensure effective dismantling of decommissioned nuclear power plants and develop systems and facilities for management and final disposal of spent nuclear fuel and radioactive waste
  • Be a market leader in services and maintenance of Nordic power grids
  • Be a leading provider of renewable energy to business customers in Europe and build up a portfolio of power purchase agreements (PPAs). The PPA portfolio currently amounts to nearly 5 GW, and the goal is to increase this to 7 GW by 2020
  • Utilise digital technology to improve asset optimisation and drive cost efficiency through process automation

More about Power Generation

Read more about Business Area Power Generation in the latest Annual and sustainability report.

Key data

  2018 2017
Net sales (SEK million) 99,970 79,566
External net sales (SEK million) 36,064 28,797
Underlying operating profit1 (SEK million) 9,371 10,820
Electricity generation (TWh) 90.5 87.5
Sales of electricity (TWh) 28.7 23.7
– of which, resellers 24.6 20.5
– of which, business customers 4.1 3.2

1 Operating profit excluding items affecting comparability.

Related content

Detail of a heat power plant from the outside.

Vattenfall is active in district heating and decentralised energy solutions.

Construction of the Ormonde offshore wind farm.

We are a leading player in Europe, especially in Denmark and the Netherlands.

Power lines in northern Sweden

Our Distribution business owns and operates electricity distribution networks in Sweden an...

See also

A group of children on a hill

Vattenfall's strategy originates from our purpose to Power Climate Smarter Living.

View of pipes and a chimney at Idbäcksverket power plant

Vattenfall is investing in a greater share of renewable generation.

A girl in a green sweater looking into the camera

We have decided to make the biggest leap yet to reduce the impact of climate change.