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Caruna Group 1 January – 30 June 2023: Caruna continued to invest in Finnish energy transition despite inflation and increasing costs in operating environment

Caruna is committed to investing and developing its electricity network to improve security of supply and enhance Finnish energy transition. However, due to cost increase in network construction and interest rates, Caruna had to monitor its investments more closely, which resulted in postponing some unprofitable investment projects.
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Caruna in 2022: the energy crisis raised costs and accelerated the ongoing energy transition

Caruna's operating environment deteriorated significantly in 2022 due to the extraordinary changes taken by the regulator in the middle of the regulatory period and a general increase in costs due to the energy crisis triggered by the Ukraine war. The Group's net sales from January to December amounted to EUR 484.6 (499.8) million, and it invested EUR 133.6 (140.1) million. Net sales before financial expenses decreased in comparison with the previous year. Net financial expenses amounted to 121.0, which is approximately 25 per cent of net sales.
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Occupational accidents have declined by half in 2017–2021 – electrical accidents have not

Accident statistics collected by electricity distributor Caruna from work sites in its network area have revealed a worrying trend. Although there has been a significant reduction in occupational accidents, electrical accidents are still the most common among electrical professionals, and the number of these accidents has not decreased. Caruna's safety data has now been collected on the seif.fi website, where the causes that led to safety deficiencies, and the conclusions, can be found.
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In the first week of October, Caruna will analyse the condition of the electricity network at night in various parts of Espoo

In the first week of October, beginning Monday 4 October, you may see Caruna's vans on the move at night in various parts of Espoo. The vans carry a device that monitors Caruna's low-voltage electricity network and indicates any network faults it detects. Similar studies have previously been conducted in the United States, Canada and various parts of Europe. The technology is now being put to the test in Finland for the first time.
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Caruna ready to net small-scale production

The new amendment to the Government Decree allows hourly netting of small-scale production and consumption. This means that Caruna will automatically compensate for production that is not used in a one-hour period in the small-scale producer's distribution invoice.
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A carbon-neutral future is the common goal of Espoo and Caruna – cooperation agreement signed

The City of Espoo and electricity distribution company Caruna Espoo Oy signed an agreement on strategic cooperation on March 31, 2021. The aim of the cooperation is to support Espoo's growth and carbon-neutrality targets with a strong electricity network that meets future energy needs, enabling clean energy solutions for Espoo residents and companies.
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Caruna’s Annual Report 2020 published

The Caruna Group (Caruna) Annual Report for 2020 has been published. The Annual Report also includes the Corporate Responsibility and the Corporate Governance sections, and the 2020 Financial Statements as a separate PDF file.
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Caruna in 2020: We made further improvements to our procedures for designing, building and renovating the electricity network for our customers

The electrification of society, the increase of renewable energy production and electric transportation require a strong and smart electricity network to support Finland's carbon neutrality goals by 2035. In 2020, Caruna carried out long-term work to upgrade its electricity network, taking the increasing future need for electricity into consideration.
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