State-owned energy group Vattenfall reports a higher overall profit for the third quarter of the year. The underlying operating profit amounted to almost SEK 6.2 billion. This compares with a profit of SEK 1.4 billion for the same period last year.
It's a good result, says Anna Borg.
She highlights, among other things, that nuclear power was stronger with fewer outages than the previous year.
The result for the wind power business also rose, overall. But that applies to the continent, including Germany. In Sweden, there is no further development. She does not want to reveal whether the Swedish wind business is doing well or badly. During the second quarter, Vattenfall made impairments of the value of the business in Sweden by SEK 640 million.
"Prices in Sweden have been low, especially in northern Sweden. And at the moment we don't see any new wind power being built in principle," says Borg.
But she is still optimistic:
Overall, we see that this electricity production will be needed in the long term in Sweden and we are convinced that there will be good demand for it.
The distribution business area, where the electricity grid is located, had a significant increase in revenue and profit during the quarter. At the turn of last year, electricity grid fees were increased significantly. If there will be further price increases at the turn of the coming year, Anna Borg answers:
When and if we decide to make any adjustments, we will communicate it.
She points out that investments in the electricity grid have increased significantly as a reason for increased fees for households.
