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2013 A strong year for Enexis

10 Mar 2014
Good profitability with a limited increase in tariffs
  • In line with the return permitted by the regulator
  • Tariffs increased by 2.2%
  • Profit for the year increased by 7% to EUR 239 million, mainly due to cost control

Reliability of the energy grids up to standard

  • Annual electricity outage time 23.6 minutes
  • Electricity outage in Enschede contributed considerably to the outage time adding 4,5 minutes

Increase in ICT investments in grids and customer communication

  • Investments in ICT rose 7% in 2013 to EUR 112 million
  • An increase of 21% over the last three years

Enexis's role in sustainable development is growing

  • Three new energy-neutral offices in top 10 sustainable buildings
  • Neighbourhood and school projects stimulate energy awareness
Maarten Blacquière, ad interim Chairman of the Executive Board/CFO:

"The financial results, with a profit for the year of EUR 239.1 million related to a capital employed of EUR 5.3 billion, show that Enexis is a strong performing company. And these results benefit all stakeholders in a well-balanced manner. We are proud of the fact that our customers were also able to benefit from a limited increase in tariffs this year. As a result, we invoiced nearly EUR 140 million less in 2013 than permitted by the regulator. Half of the profit is paid out to the shareholders - provinces and municipalities. This is an amount of approximately EUR 120 million. The other half of the profit remains within the company and contributes, through future investments, to the quality of the energy grids and thus benefits society in general. On the other hand, the increase in the number of accidents can be considered disappointing. Therefore, a programme has been launched to structurally increase the safety awareness among employees and to bring about a change in behaviour where necessary. In addition, we can state that Enexis is fulfilling its role in society, as an indispensable link in the energy supply chain, in an increasing manner. The ongoing investments in the grids, and also in ICT and sustainability, are bearing fruit. In this regard, automated distribution stands out as well as the online availability of data regarding the exact location of grids and connections so that damage as a result of third party excavation activities can be further reduced. In this manner, we can maintain the reliability of our grids at a high level".

Key figures
Amounts in millions of euros 
Profit for the year  239.1  223.7  7%
Capital employed  5,265.7  5,085.0  4%
Revenues  1,385.7  1,367.0 1%
Gross investments  470.7  504.4  -7%
Electricity outage time (minutes per connecti on)  23.6  21.6  9%
Gas outage time (seconds per connection)  50  36  39%
Customer connections (x 1,000)  4,751  4,736  0%
Accident index own employees (DART-rate)  0.54  0.49  10%
Good profitability with a limited increase in tariffs

With affordability as one of key elements in its policy, Enexis, as in 2012, limited the increase in tariffs in 2013, this time by 2.2%. The profit for the year amounted to EUR 239.1 million. This offers a net return of approximately 4% on a capital employed of around EUR 5.3 billion, which is in line with the return permitted by the regulator. The profit appropriation also enables the necessary investments in the grids. In this manner, Enexis can continue to fulfil its tasks as manager of a reliable grid and facilitator of the energy transition properly.

Reliability of the energy grids up to standard

The reliability of the energy grids remained at a high level in 2013, apart from one very large electricity outage in Enschede in the beginning of January. The annual outage time for electricity amounted to 23.6 minutes for the whole year 2013, of which almost 5 minutes can be attributed to the outage in Enschede. The national average was 23.4 minutes. In order to keep the outage time on the long-term average of 22 minutes, Enexis invests substantially in the automation of the energy grids. The future of the energy supply, with a strong electrification, two-way traffic in the grids and dynamic tariffs demands a strong ICT role. The total investments in systems and communication resulted in an increase of 21% in the ICT investments over the last three years. The investments in the replacement of gas and electricity grids increased compared to last year. However, the total gross investments in the grids decreased, mainly due to the still limited new
construction activities.

Enexis's role in sustainable development is growing

It is Enexis's ambition to limit its own impact and the impact of its customers, expressed in the level of CO2-emissions, as much as possible. For this reason, Enexis has set up a wide range of activities, partly to directly reduce energy and material use and partly to create the conditions to be able to make less use of fossil fuels in the future. Enexis has taken three energy-neutral office buildings into use, which are all three listed in the top 10 of the most sustainable buildings in the Netherlands. In addition, Enexis had no net own CO2-emission in 2013. Advanced waste management and the use of durable materials in the grids are also examples of measures aimed at immediate saving energy. With various pilots, including in the field of smart energy grids and providing assistance and support to customers who produce their own energy, Enexis is constantly looking into energy saving possibilities for customers. But also the communication with regard to smart meters and intensive support of local neighbourhood initiatives (Buurkracht) and school projects (Van zon krijg je energie) demonstrate Enexis's efforts on behalf of the energy grid of the future.