Tough Climate for Vaasan Sähkö Electricity Group

Warm weather, low sales price hits Vaasan Sählö electricity business

Credit: @vaasansahko Instagram

Vaasan Sähkö electricity group faced a tough start to 2017, as the company celebrated it’s 125th birthday.

Electricity sales from January to June were down 5.5% over the previous year. This was partly due to warmer weather, and the prolonged annual maintenance of the Olkiluoto 2 nuclear power plant.

But 9% of Vaasan Sähkö’s electricity sales were produced by wind turbine power, while district heat sales grew 1.3% over 2016 figures.

“With low market prices, it is difficult to meet the net sales and earnings levels of the previous year” Vaasan Sähkö CEO Hannu Linna said in a press release. “However, power plant production capacity has returned to normal after summer shutdowns, which will create better sales volume for the plant” he said.

The company has invested heavily this year in the electricity grid, with extensive underground cabling work and power line construction across its operating region in the north west of Finland.