Sky-high power prices multiply Vattenfall's profit 20-fold

Even though the Swedish utility has only marginally lifted sales, German grid divestment and high electricity prices have the bottom line soaring with a net profit margin of 50 percent.

Photo: Vattenfall

Wild times for European power utilities.

On the one hand, power companies are burdened by this year's poor wind conditions, which have rendered wind farm generation sluggish. On the other hand, though, business is booming thanks to the somewhat related exorbitant prices of energy.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Vestas confirms spread of stolen data

Data from the OEM's IT systems have been stolen and offered to a third party, informs Vestas, which has "reasons to believe" that the leaked data mainly pertains to internal company matters, says CEO.

Further reading

Related articles

Latest News

See all jobs