Caruna's year 2023
2023 was the year of the energy transition in an operating environment coloured by rising costs. The clean transition accelerated and was highly visible in Caruna’s network as the renewable energy production capacity rose significantly, electricity increasingly replaced fossil energy, and the number of small solar power producers with solar power systems rated at less than one megawatt climbed past 28,000 at the end of the year.
What else happened in Caruna's operating environment in 2023? Read more in the Annual Report.
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From the CEO
The energy sector is at the heart of Finland’s clean transition. Investments in the clean transition are required if Finland is to meet its target of becoming carbon neutral by 2035. The Energy Authority’s regulation model, published at the end of the year, will also cause Caruna to postpone and reduce its investments. I hope that the Energy Authority will make the necessary changes to the regulation model so that Finland’s security of supply is not weakened, and we as a society can maintain our competitiveness and remain attractive as a country of strong networks and renewable energy.
Key Figures
Key Figures
Figure value
494.3Figure description
Net sales, M€Figure value
126.6Figure description
Investments, M€Figure value
99.98Figure description
Security of supply rate, %Figure value
737,000Figure description
Number of customersESG
ESG
Figure value
89Figure description
SAIDI, min.Figure value
1,793Figure description
Renewable production, MWFigure value
3.3Figure description
Contractor safety, LTIFFigure value
83Figure description
Job satisfaction, EEISAIDI describes average electricity distribution interruption time in minutes per customer. Renewable production capacity describes renewable production capacity connected to Caruna's network. Contractor injury frequency describes number of accidents leading to at least one lost working day per one million hours worked. Employee Engagement Index measures employees' attitude to work.
Highlights of Caruna's year 2023
Finland’s first dynamic electricity connection was connected to the network
A dynamic electricity connection began operating in Suomenoja, Espoo, in summer 2023. The dynamic nature of the connection allows Caruna to limit the electricity consumption of the electric boiler unit in response to the prevailing situation in the network. In other words, the consumption can be limited if there is a risk of insufficient electricity production capacity or network capacity. This is one way to ensure there is enough transmission capacity as demand grows rapidly.
Investments in safety always pay off
In 2023, the number of accidents on Caruna’s sites decreased year-on-year. One important factor is the desire of Caruna and its contractors to improve the culture of observation and increase the number of safety observations.
The number of accidents on Caruna’s sites has nearly halved in two years has thanks to safety observations. The number of anticipatory observations has increased sixfold in this period.
