Vattenfall Europe AG · Berlin Germany
Company Description
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This link will open in a new window Vattenfall Europe lights up Deutschland. The company is one of the top suppliers of energy in Germany. Its business operations include mining and converting domestic lignite coal into electric power; generating hydroelectric and nuclear power; and transporting and trading energy. The cities of Berlin and Hamburg rely on Vattenfall Europe for electricity and heat. Vattenfall's largest individual customers include such industrial manufacturers as aluminum smelters and steel producers. The company is a subsidiary of one of Europe's largest government-owned producers of energy, Stockholm-based Vattenfall AB . To read the full description, subscribe now.
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Key Vattenfall Europe AG Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $13,462.4 |
| Employees | 21,000 |
Vattenfall Europe AG Executives
5 executives listed for Vattenfall Europe AG's Berlin, location.
| Title | Name & Bio | Contact |
| CEO | Tuomo Hatakka | Network |
| Management Board Member | Mats Fagerlund | Network |
| Finance and IT | Hans-Jürgen Meyer | Network |
Competition
Competitive Landscape for Vattenfall Europe AG
Demand for electricity is driven by industrial and commercial activity and by population growth. The profitability of individual companies depends on the efficiency of their operations. Large companies have economies of scale in purchasing power; small companies can compete effectively by specializing in geographic regions. The industry is capital-intensive: average annual revenue per worker is about $2 million. The traditional electricity industry consisted of investor-owned utilities, municipal utilities, cooperatives, and government entities that owned the generation, transmission, and retail distribution facilities within a limited area and served all customers within that area as tightly regulated "natural monopolies." Though "natural monopolies" still exist, the electric energy industry in the US underwent a restructuring driven by changes in federal and state laws in the 1990s. In restructured, or deregulated, markets, generation, transmission, and distribution operations are carried out by separate companies, and the owners of local distribution lines make their lines available to competitors. The intended purpose of moving toward a less regulated electricity market was to decrease the cost of electricity by fostering competition among producers. One practical effect was the divestment of generation facilities by many investor-owned utilities. Despite the popularity of restructuring activities initially, as of mid-2009 only 14 states had deregulated their electricity industries. Several other states, including California, launched restructuring initiatives before suspending them, in part because of concerns that restructuring caused electricity rates to rise. Many local electricity distributors are still owned by utility holding companies that also own power generation facilities, wholesale transmission lines, and wholesale power trading companies. To read the full description, subscribe now.Top Vattenfall Europe AG Competitors
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