Operating environment
We regularly assess our operating environment and adapt our operations to long-term trends and hot topics. Electricity market legislation plays a crucial role in guiding our operations.
Energy transition
"Energy transition" refers to the shift from fossil fuels to renewable energy. The energy transition is vital for tackling the climate crisis, and a sustainable, renewable electricity network is a prerequisite for the transition. The energy transition calls for every operator in the energy sector to make major changes to enable Finland to reach its target of becoming carbon neutral by 2035.
We are actively working to foster the energy transition by taking care of the overall interests of our customers and the security of supply for society.
The proper functioning of society depends on reliable electricity distribution. Our smart electricity network enables electricity consumption and renewable energy generation to increase without jeopardising the security of supply.
We invest in boosting the transmission and distribution capacity of the electricity network in order to carry out the energy transition, and we keep the need for capacity in balance by increasing the amount of flexibility in the energy market through a smarter electricity network and opportunities for the inclusion of customers in the energy market.
Security of supply and adequancy of electricity
Security of supply activities safeguard society's capacity to function under extraordinary circumstances. Ensuring the electricity supply is an essential aspect of the security of supply.
In addition to Caruna's own security of supply, other parties in society must prepare themselves for electricity shortages and power cuts. Power cuts will not affect the most critical functions of society, such as hospitals and major power plants.
Risk Management
We ensure the continuity of our operations by actively identifying and managing risks.
Risk management is part of Caruna’s internal control system. We regularly assess the strategic and operative risks facing the Group.
Our risks are divided into the following subcategories:
- Financial risks
- Regulatory and conformance risks
- Customer and market risks
- Personal risks
- Environmental risks
- Risks related to technology and physical assets
- Risks related to data and information security
Risk management strives to ensure that any risks affecting the Group's business operations are identified, managed and monitored. The Group has taken out appropriate insurance policies that provide comprehensive cover for its operations.