Climate change and digitalisation are transforming the energy industry and society as a whole. A weatherproof, smart electricity network will also create the basis for an energy system of the future, in which digital services will increase, transport will be electrified and consumers will become energy producers.
Our vision is one million satisfied customers
The promotion of the energy transition in a cost-efficient way requires new skills. In future, it is critical to develop our electricity network in such a way that in addition to weather resistance, it is prepared to respond to changes in the operating environment. Our objective is to provide a safe, interruption-resistant and smart electricity network.
Future-proof, effective and productive operations
We are here for our customers. Interaction with us must be easy and convenient for customers, and transactions must be safe and of high quality. We believe that electronic services are the future.
When developing the electricity network, we take into account the future needs of our customers, as well as the development of the energy market and regional differences. We are continually working to improve our operations and to find the most cost-efficient solutions for the development of the electricity network.
Efficient use of system management and data
The promotion of the energy transition in a cost-efficient way requires new skills. In future, it is critical to develop our electricity network in such a way that in addition to weather resistance, it is prepared to respond to changes in the operating environment. Our objective is to provide a safe, interruption-resistant and smart electricity network. We develop data analytics and operational models needed for the design and flexible management of our electricity network as well as for the development of services built on it.
Collaboration with decision-makers and authorities
We want to be regarded by our stakeholders as a responsible operator and a trusted advisor. This requires that we exercise active engagement, encourage dialogue, search for solutions, and promote change. We collaborate at different levels of society with decision-makers and authorities, and provide our input for the development of legislation and regulation.
Potential for growth in regulated electricity distribution
We believe that in the near future, the electricity distribution market will become more centralised. This is caused by, e.g., energy transition, potentially tightened regulation, and increased efficiency requirements. Finland's electricity distribution market is very decentralized with a total of 77 distribution companies. The total number of customers in the smallest of these companies is less than the annual increase in Caruna Group's number of customers. We are prepared to cooperate in this with other operators in the industry.
Other opportunities supporting the competitiveness of regulated operations
If the promotion of the energy transition so requires, we may also consider non-regulated business operations or services. They should support regulated operations or may even be necessary to ensure the success of such operations. These added value services must genuinely benefit our customers and society.
New business opportunities could be brought on by, for example, demand response, where the customer can consume electricity when it is cheaper, or batteries suitable for electricity storage.