Natural gas - the environmentally friendly energy source
The increase in electricity turnover of 26.1 kWh billion (+9%) in the 2010/11 financial year was primarily the result of more active management of our electricity portfolio.
In the financial year 2010/11 gas turnover reduced by 8% overall to 10.0 billion kWh. This downturn was due in particular to the Trading and Portfolio Management and Strategic Investments reporting segments. The development in the Trading and Portfolio Management segment was driven above all by lower volumes at a secondary distributor at Stadtwerke Kiel.
The sharp decline in gas turnover in the Strategic Investments reporting segment was chiefly the result of reduced volumes at Stadtwerke Ingolstadt due in particular to the loss of two industrial key account customers.