In 2011, Energinet.dk reported revenue of DKK 7.4 billion, down 13% on 2010.
The fall can be ascribed to lower revenue in the business areas Power system, Promotion of environmentally friendly energy – PSO and the Gas system.
In the Power system business area, congestion rents and balance fees decreased in 2011, primarily because the price differences between Denmark and the neighbouring countries were reduced compared to 2010.
Furthermore, revenue in the Promotion of environmentally friendly energy business area saw a decrease compared to 2010 due to declining tariff income and declining sales of environmentally friendly power generation from mostly wind turbines.
Finally, revenue in the Gas system business area fell as a result of a decline in gas exports to Germany and a decline in Danish gas consumption.
The profit for the year came to DKK 128 million in 2011 compared to DKK 695 million in 2010.
However, Energinet.dk's success is not apparent from its bottom line. The company's economy is based on a self-financing principle which only allows the company to factor in costs incurred plus the return on equity.
Like the rest of society, Energinet.dk recognises the importance of a sustained focus on efficiency. Marked improvements in the efficiency of operations have been achieved in recent years, and further improvements are planned as part of strategy plan for the 2012-1015 period. For example, Energinet.dk has the strategic objective of cutting operating costs by approx. DKK 200 million up to 2015.
The annual report has been approved by Energinet.dk's owner, the Minister for Climate, Energy and Building, and has been presented to the company's Stakeholder Forum for an opinion.
Energinet.dk's annual and interim reports are only available in electronic format.