Major power customers added

July 18, 2003, 09:30 CEST

Electricity will be supplied by Statoil to five major Norwegian companies in a further step forward for the group’s current power market policy of focusing exclusively on the corporate sector.

The new customers include food manufacturer Gro Industrier, paint specialist Jotun and brewer Grans Bryggeri, which collectively consume 78 gigawatt-hours (GWh) per year.

In addition come contracts with the Vest-Agder and Rogaland county councils, which also make Statoil responsible for market sales of local authority power managed by the two counties.

Running for up to two years with extension options, these deals commit Statoil Norge to meeting customer electricity requirements through direct purchases from the Nordic power pool.

“Such deliveries were previously handled by local suppliers,” explains Stig Philip Kversøy at Statoil Norge.

“The fact that we’re taking over shows that our purposeful concentration on the corporate market has been a success.”

Vest-Agder county council consumes 19 GWh per year, and administers 123 GWh for local authorities, while the corresponding figures for Rogaland council are 33 GWh and 112 GWh.

Statoil Norge has been marketing electricity to the corporate market for five-six years, and currently has 58 such customers with a combined annual volume of 900 GWh.

In addition, the company manages market sales of 235 GWh of the electricity administered by county councils on behalf of local authorities.

Statoil’s electricity sales are concentrated on the corporate market.