2022 was an eventful year for Svenska kraftnät

2022 has been an extraordinarily eventful year for Svenska Kraftnat. Questions about the electricity supply, the energy system and the energy transition and our role in it received attention in a completely new way in the debate,” wrote Lotta Medelius-Brede, managing director of the Swedish Power Grid, in the introduction to the 2022 annual report.

The annual report for 2022 of Svenska kraftnät shows extensive activities, including in areas that support community electrification. Some examples are:

• During 2022, a series of network investments have been completed. A total of 124 km of the new line has been commissioned. The tallest are Storfinnforsen-Midskog, Lindbacka-Östansjö and Långbjörn-Storfinnforsen. A number of plants have also been commissioned, such as Harsprånget, Ekudden and Tovåsen, as well as a new reactor at Rätan and a new shunt capacitor at Morgårdshammar. The new high-temperature line between Valbo and Untra makes it possible to increase commercial capacity through Section 2 (between Electricity Region SE2 and SE3).
• To enable more renewable electricity producers to connect to the power system, more new support services are needed to balance. In 2022, work has been done to open up to new players. The work has resulted in the number of pre-qualifications tripling compared to 2021 and tenfold compared to 2020.
• Significant investments in physical infrastructure have contributed to the increased connectivity of renewable electricity production. During the first part of the year, information was presented about the potential delivery of approximately 1,000 MW of wind and solar power in the SE 3 and SE 4 electricity district. The new Tovåsen plant enabled the delivery of approximately 850 MW of wind power. And the new Torpberget facility was commissioned during the year, which means that at least 850 megawatts of new wind capacity can be delivered.

The result was SEK 693 million and an adjusted return on equity of 6.1%. The Board of Directors proposes a dividend of SEK 381 million. The income statement and balance sheet for utilities were affected by higher electricity prices, which also affected the flow of capacity charges, which amounted to SEK 69 billion. This in turn means that the agency invested SEK 79 billion in the National Debt Office. The investments amounted to approximately SEK 4 billion. The number of permanent employees during the year increased from 903 to 1041 people.

Source: Swedish Electric Grid