Fifth among German Energy Utilities
According to figures released by the German Energy and Water Industry Association (BDEW), we are the fifth-largest German electricity supplier.
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 our sales business, we managed to increase our electricity turnover with industrial and commercial customers /secondary distributors by 2%, and that in spite of intense competition. This was due to the volume growth achieved with nationwide electricity sales. In the private and business customer business, the higher electricity turnover from nationwide sales was countered by downturns due to competition in proprietary grid regions, a factor which more than offset the gains in the nationwide business.
The marked growth in the Strategic Investments reporting segment was chiefly attributable to increased volumes at Stadtwerke Ingolstadt, which supplied four locations of a key account customer for the first time in its nationwide electricity business.
The development in electricity turnover in the Generation and Infrastructure segment was characterised above all by structural changes. Since January 2011, electricity generation volumes from the biomass power plants in Mannheim and Königs Wusterhausen have been marketed directly to third parties via sales departments at MVV Energie AG. This factor more than compensated for the increased volumes fed into the grid due to the expansion in the volume of electricity generated with wind power from 5 million kWh to 36 million kWh (wind farms in Plauerhagen and Massenhausen).