Annual Report 2010 - Outokumpu

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Sustainable power solutions
Outokumpu's Energy function is responsible for procuring the electrical energy used in the Group's operations. The
primary objective is to ensure favourable and stable prices for power supplies by hedging against future price changes.
Other important tasks carried out by the Energy function include the management and optimisation of Outokumpu's
physical energy portfolio and energy-production assets as well as the provision of support for Group companies in their
energy-related activities.
Energy used 2010
GWh Electricity Fuel energy Total
Tornio 2 032 1 237 3 269
Avesta 360 346 706
Sheffield 171 113 284
Other 224 247 471
Total 2 787 1 943 4 730
Origin of electricity 2010
%
Renewable sources 47
Nuclear 22
Fossiles and turf 31
Outokumpu has adopted a long-term approach to developing its methods for procuring physical energy in the Nordic
countries. The Group's power portfolio is handled by engaging in trading activities in the Nordic market for electrical
power, through bilateral long-term supply agreements, and by making investments in power-generation capacity. By
managing risks against price volatility, Outokumpu aims at competitive and stable prices for electricity. Another aim is to
purchase environmentally-sustainable electrical power. Outokumpu has therefore acquired low-carbon nuclear,
hydropower and windpower production assets.
Outokumpu Annual Report 2010 – Business – Energy efficiency