vattenfall heat sweden 16:th of june 2014. 2 | group presentation 2014
Post on 02-Apr-2015
214 Views
Preview:
TRANSCRIPT
Vattenfall Heat Sweden
16:th of June 2014
2 | Group Presentation 2014
Visit to Vattenfall June 16, 2014 at Uppsala Heat and Power Plant Address: Bolandsgatan 13 Sonia Ericsson Zillén will meet you and show you to the conference room Date/Time Event/Topic 14.00-14.30 Meet & Greet –coffe & sandwiches 14.30-15.30 The Swedish Heat market challanges 15.30-15.55 Heat in Vattenfall Sweden 15.55-16.30 Heat in Vattenfall Uppsala 16.30-16.45 New district heat driven innovations 16.45-18.00 Tour in Heat and Power plant Uppsala 18.00 Bus leaving to hotel – pick up at the entrence 19.00 Dinner at Magnussons Krog Drottninggatan 1 – in central Uppsala beside the Fyris stream
This is Vattenfall
• One of Europe’s largest electricity producers
• 100%-owned by the Swedish state
• Main markets: Nordic countries, Germany, Netherlands
• Vattenfall also has operations in:UK (mainly within wind power)
• Main products:Electricity, Heat, Gas
• Operations span the entire energy value chain:Production, Distribution, Trading, Sales and energy advice
3 | Group Presentation 2014
Key data 2013
4 | Group Presentation 2014
Key facts
Net sales 171,684 MSEK
(19,379 MEUR*)
Underlying operating profit 27,900 MSEK
(3,149 MEUR*)
Reported operating profit -6,453 MSEK
(-728 MEUR*)
Electricity generation 181.7 TWh
Sales of electricity 203.3 TWh
Sales of heat 30.2 TWh
Sales of gas 55.8 TWh
Number of employees (FTE) 31,819
Number of customers:
Electricity 6.2 million
Gas 1.9 million
Electricity network 4.3 millionExchange rate EUR/SEK 8.8591. Values in EUR shown only to facilitate comparisons between SEK and EUR
Electricity generation
Vattenfall produces electricity and heat from six energy sources:
Hydro Nuclear Coal Wind Biomass Gas
History of Vattenfall
6 | Group Presentation 2014
2010–2013Consolidation phase
2000–2009Major expansion in Europe
1950–2000Organic growth and national market deregulation
1909Founding of The Swedish StatePower Board
1951Inauguration of Harsprånget,
A hydro power plant in Sweden
1970–1980Construction of 12 nuclearreactors in Sweden
1999–2009Acquisitions in Germany,Poland and the Netherlands
2010Inauguration of UK offshorewind farm Thanet
2011–2012Divestments of non-core operationsin Belgium, Finland and Poland
1909–1916First large hydro power plants:
Porjus, Olidan, Älvkarleby, Sweden
1909–1950Part of developing the Swedish energy system
From a domestic Swedish hydro power generator to an European energy company
Generation volume and installed capacity per region
13 | Group Presentation 2014
Group total generation (2013) Electricity 181.7 TWhHydro 35.6 TWhNuclear 51.9 TWhFossil 87.9 TWhWind 3.9 TWhBiomass, waste 2.4 TWhHeat 30.2 TWh(Gas sales 55.8 TWh)
*
20 374
14%*
81%
4% *
Nordic
18 732
*
*
13%* *
*****
*
89
* *
*
* *
Nordic
93
35%
56%
6% *
Electricity generation, TWh
Electricity capacity, MW
*
*
*
*Nordic
Volume, TWh
Confidentiality class: High (C3)
Heat market in Sweden
• Heat Market ~ 75 TWh/year •District Heat 67%•Electricity 22%•Biofuels 16%•Oil 5%
Confidentiality class: High (C3)
District heating in Sweden
• ~ 50 TWh/year• Available in more than 500 cities/towns/villages
The largest companies
Fortum samägt av Stockholms stad 8
E.ON 5,5
Göteborg Energi 3,6
Vattenfall 3,4
Tekniska verken Linköping 1,5
Mälarenergi Västerås 1,5
~TWh/year
Confidentiality class: High (C3)
The use of district heating in Sweden
Confidentiality class: High (C3)
Swedish district heating fuel input
Confidentiality class: High (C3)
District heating prices
Confidentiality class: High (C3)14
Heat Swedens operations
UppsalaHeat supplied annually 1700 GWh
Electricity supplied annually 200 GWh
Employees 169
Fuels Peat, Waste, Oil, Bio fuel
DrefvikenHeat supplied annually 600 GWh
Electricity supplied annually 100 GWh
Employees 33
Fuels Bio fuel, Oil, Waste
Vänersborg Heat supplied annually 300 GWh
Electricity supplied annually -
Employees 14 Fuels Waste Heat, Bio oil
MotalaHeat supplied annually 200 GWh
Electricity supplied annually 12 GWh
Employees 12
Fuels Bio fuel, Oil
NyköpingHeat supplied annually 320 GWh
Electricity supplied annually 125 GWh
Employees 31
Fuels Bio fuel, Oil
Kalix DH Heat supplied annually 200 GWh
Munksund 500 GWh
Electricity supplied annually 180 GWh
Employees 12
Fuels Peat, Bio fuel, Oil
Gotlands EnergiHeat supplied annually 235 GWh
Electricity supplied annually -
Employees (3)
Fuels Bio fuel
Västerbergslagens EnergiHeat supplied annually 250 GWh
Electricity supplied annually -
Employees 45
Fuels Bio fuel, Oil
Confidentiality class: High (C3)13
Products
• District Heating 3 400 GWh• Electricity 450 GWh
• Process heat 700 GWh
• Steam 90 GWh• District cooling 45 GWh
Confidentiality class: High (C3)14
Customers and market
Customers are companies and private households, about 14 000 customers, 17 000 connections and 245 000 DEQ. Increased competition from other heating alternatives.Unregulated heat market.
Confidentiality class: High (C3)
Heat Swedens fuel
Fuelmix:
Biooil3%
Raw bio fuel20%
RWW23%
Dry bio fuel7%
Waste heat4%
Peat refined16%
Peat2%
Fossil oil 3%
Waste22%
Confidentiality class: High (C3)
16 | BU Heat Sweden Operations | 11/04/23
• Market perspective
- Stabel market shares > 85 %
- Unregulated market with increased competition
• Growth potential for District heating
- Limited
• Changed customer behavior, inceased demand for new solutionsFocus on price, combined solutions
• Increased importance for climateCities want sustainabaility, Energy efficiency, CHP
• Politics and new legislation being discussedRegulation, TPA
Development and competition on market
Confidentiality class: High (C3)
17 | BU Heat Sweden Operations | 11/04/23
• Tough competition (Heat pumps)
- Efficiency very important
- New price models
- New products, cooling etc
• Trust from our customers
- Increased dialogue
- Increased transparency
Challenges
Confidentiality class: High (C3)
Thanks!
Organisational structure as from January 2014
10 | Group Presentation 2014
CEO
Nordic Continental/UK
Wind
Distribution Distribution
Sales Sales
Hydro Mining & Generation
Ringhals Heat
Forsmark Renewables
Decomm. & Waste Nuclear
Projects
Corporate Staff Functions
Asset Optimization and Trading
Chief Financial Officer
Operations Support
Confidentiality class: High (C3)
20 | BU Heat Sweden Operations | 11/04/23
• Changed customer behavior, increased demand for new solutions- Prisfokus samt kombinationslösningar värme - kyla
- Lågt förtroende för stora energiföretag. Kunder tenderar att se fjärrvärmemarknaden som ett monopol och tycker att andra alternativ t.ex värmepumpar är mer oberoende.
- Allt fler aktörer väljer att certifiera nybyggda eller befintliga fastigheter med någon form av miljöcertifiering. Flera av certifieringssystemen är inte så väl anpassade till fjärrvärme och fjärrkyla.
- Kunderna efterfrågar lösningar, tjänster och uppföljning för att nå ökad energieffektivisering
• Increased importance for Climate- Städer vill ha hållbar utveckling och har som målsättning att kraftigt minska sina koldioxidutsläpp
- Ökat fokus på energieffektivisering som drivs av kundernas attityd, marknaden och förordningar - leder till minskad efterfrågan per kund
- 20/20/20 på europeisk nivå men även starka krav på klimatskydd från länder och städer. Fjärrvärme ses som en del av lösningen
- Fjärrvärme och el från kraftvärmeverk ses som en viktig del för hållbara städer, men ytterligare kommunikation behövs
• Politics and new legislation being discussed- Ny lagstiftning rörande energieffektivisering på EU-nivå och nationell nivå
- Reglerat tillträde till fjärrvärmenäten, uppdrag från Sveriges regering till EI
- Prisändringsprövning och likabehandling på fjärrvärmemarknaden, uppdrag från Sveriges regering till EI
Development and competition on market (2)
Nordic• Sticking to harmonized EU approach to
energy market regulation market provides the investment incentives
• Distributed generation and demand side participation less cost competitive in the Nordics compared with Continental
• General oversupply and low prices on the continent increasingly affecting Nordic market
Vattenfall has reorganized the Group into two regions
Continental/UK• Increasingly national approach to
energy market regulation regulator provides the investment incentives
• Energiewende (Germany)• New Energy Deal (Netherlands)• Energy Market Reform (UK)
• Increased cost competitiveness of solar energy and demand side participation in Germany. Change is faster than expected
• Effective 1 January 2014 the Group was reorganized in two regions: Nordic and Continental/UK
• The new organisational structure enables the regions to focus on their respective topics and opens up for opportunities for risk-sharing in the Continental operations over time
9 | Group Presentation 2014
Vattenfall’s five strategic focus areas
11 | Group Presentation 2014
• Work for a more efficient electricity market. Encourage the development of interconnectors.
• Manage implications of the EU Water Directive.
• Renewables growth
• Optimise the operational lifetime of existing nuclear power
reactors.
Strong Nordic
Position
• Rate of growth of new installed capacity to be higher than the average rate of growth for ten defined countries in northern and central Europe. This must be balanced against limited financial resources and a growing surplus capacity in the Nordic market.
Reduce CO 2 exposure from 88.4 billion tonnes in 2013 to 65 billion tonnes by 2012:
• Partnering/risk sharing
• Co-firing of biomass with coal
• Fuel switching.
• Lower operating hours in fossil plants due to more renewables
Vattenfall aspires to be perceived as a “Smart Energy Enabler” - meeting changing customer demands by developing current downstream business and prudently developing new profitable business models.
• Reduce cost level by a further SEK 4.5 billion by 2015.
• Continue to pursue Operational Excellence.
• Optimise maintenance investments.
• Divest or decommission non- core/non-performing assets.
Growth in renewables
Define measures to
reduce Vattenfall’s
CO2 exposure
Offer smart and
sustainable energy
solutions
Stronger focus on
Operational Excellence and cost-
cutting
Sustainable Heat and Electricity Production
Sustainable Consumption
Sustainable Financial Performance
1 2 3 4 5
Confidentiality class: High (C3)
Fact Vattenfall Heat
Total Germany Netherlands Sweden
Net turnover 2,316 m€ 1,686 m€ 316 m€ 314 m€
Electricity Sales 11.3 TWh 10.1 TWh 0.7 TWh 0.5 TWh
Heat Sales 19.6 TWh 13.3 TWh 2.3 TWh 4.0 TWh
Grid length ~5,500 km 2,300 km 1,750 km 1,000 km
Employees 2,300 FTE 1,400 FTE 500 FTE 400 FTE
Not: Data från December 2011
top related