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Mälarenergi built a sustainable foundation for the future

Västerås is still among the municipalities that have the lowest price for water and electricity and district heating.

Mälarenergi has put an operational and financially good year behind it. The Group's revenue in 2018 amounted to SEK 3,489 million and profit after net financial items was SEK 350 million.

The Group's total revenues for the financial year amounted to SEK 3 489 million (3 130 in the previous year). The increase compared with the previous year is mainly due to increased sales of energy volume, high electricity prices and an increase in prices for heat, water and electricity networks, but also a continued high level of new connectivity.

The total volume of energy sold and transferred amounted to 5,329 GWh (5,320 in the previous year). During the year, the Group invested a total of SEK 1,189 million (877 fg year) in, among other things, maintenance and renewal of facilities and wiring networks to secure deliveries to customers.

In 2018, Mälarenergi continued to make major efforts for a sustainable society. Among other things, all eight environmental goals that the Group had set for the year were achieved. Together with Mälarenergi's com- panies agreement customers, measures were identified and implemented that reduced the customers' energy use by 19,171 MWh.

On January 1, 2018, a new model for VA taxa (water and sewage) was introduced in Västerås municipality. The new tariff will reward those customers who make an environmental effort and themselves take care of their stormwater. This reduces the flows in the stormwater pipes and reduces the risk of flooding while facilitating the purification of the storm water.

One year ago, Mälarenergi was first in Sweden to become certified according to "Schysst Elhandel" by Energiföretagen Sverige. Now Mälarenergi has been certified for the second year in a row.

On August 1, 2018, a new price model, power tariff, was introduced for district heating in Västerås and Hallstahammar. Corporate customers now have a greater opportunity to influence both their district heating costs and their environmental and climate impact. In the 2018 Nils Holgersson survey, which compares price levels and price differences for garbage collection, water and electricity and district heating in various municipalities, Västerås is still among the municipalities with the lowest price. Västerås comes in tenth place among all the municipalities and in the first place among the country's ten largest municipalities.

In 2018, the construction of a fauna passage began at the Turbine Bridge and the Fish Market in Västerås center, a collaboration project between Västerås city and Mälarenergi and with support from the EU environmental program LIFE IP Rich Waters. When the building is completed in spring 2019, fish and other aquatic organisms will once again be able to hike up the Svartån past the power station for the first time since the 19th century.

There is a continued high rate of development in the region, with everything from private customers to large industrial customers such as Amazon Web Services and Northvolt Labs, which have a positive impact on earnings. Mälarenergi's partly owned subsidiary Fibra has connected just over 4,000 customers to its open fiber optic network and activated at least as many.

- We have had a stable year and have laid a good foundation for the future, says Mälarenergi's CEO Niklas Gunnar. We act and invest to create a sustainable society. Our products, ranging from fiber communication and services to energy supply, contribute to a viable region. Together with customers, suppliers and partners, we will continue the work of developing the society of the future, concludes Niklas.


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