Annual report 2008/09 - Axpo Group

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“Energy is, when I’m healthy.” Nelson Duarte, 30, is a construction worker at Walo Bertschinger AG and wants to advance to site foreman.
The balance group concept was introduced in Switzerland when the fi rst phase of the market liberalization entered into force on 1 January 2009. Axpo AG decided to assign all its supply areas to a single balance group. Currently, approximately one-third of the traditional electricity supplied in Switzerland is processed through the Axpo AG balance group, and more than half of all Swiss electricity suppliers belong to this balance group. Axpo AG has been successfully participating in the Swiss balancing energy market since 1 January 2009. Thanks to its diversifi ed production fleet, Axpo AG is well-positioned to provide system services. Axpo Vertrieb AG has been successfully marketing “Axpo Naturstrom” (natural electricity) for nine years. In the year under review, approximately 14 000 households and 29 corporate customers have drawn almost 100 million kWh of electricity from renewable energies, thus repeating the good result of the previous year. More than 80 producers generate this natural electricity in photovoltaic, biomass, small-scale hydropower and run-of- river power plants that do not receive any cost-covering remuneration for feed-in to the electricity grid. The customers, however, not only promote the use of electricity from renewable sources, but also contribute one cent per kilowatt-hour of electricity used to Axpo’s green electricity fund (“Axpo Naturstrom Fonds”). This is the only fund of its kind in Switzerland and supports technologies for generating electricity from renewable energies and improving energy effi ciency. This year the fund supported four projects, and a total of 30 projects have been funded since the fi rst contributions were paid out. Key fi gures for Axpo AG Group Electricity sales in million kWh 28 959 Revenues in CHF million 2 703 EBIT in CHF million 385 Net profi t in CHF million 315 Number of employees* 1 620 * Average number of employees as of 30 September 2009 (expressed as full-time equivalents) Development of hydropower production Axpo AG’s hydropower production was slightly higher in 2008/09 than in the previous year and well above the long-term average. Development of hydropower procurement, in million kWh 4837 5802 5753 6134 6207 0 3500 5699 2004/05 2005/06 2006/07 2007/08 2008/09 Arithmetic average 7000 In the past fi nancial year, Axpo Suisse AG was involved in a successful new business transaction. It concluded an agreement with the Coop retail group for the provision and coordination of various electricity-related services. This collaboration will be ex pan d ed in the coming years. Hydropower division With the exception of September, hydropower production was slightly above average for the entire past fi nancial year. Storage power plants with southern catchment areas benefi ted from the high rainfall south of the Alps, while Hydropower production in Switzerland With a share of total production of 17%, Axpo AG is one of the largest producers of hydropower in Switzerland. Share of hydropower procurement 17 % 83 % Hydropower procurement Axpo AG Hydropower procurement other companies Axpo AG restructured its Trading & Sales division to take account of the increasing complexity of the liberalized electricity market. All Axpo AG’s traditional electricity is allocated to a single balance group.
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Energy is the future Annual Report
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Key fi gures Finances 2008/09 in CH
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Table of contents Energy is the fut
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Milestones in infrastructure expans
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effi ciently. Competitors can be co
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“Energy is dreaming.” Flavia Ma
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As a company owned by the cantons o
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“Energy is there to make our live
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Energy policy Uncertain trends in f
Page 19 and 20: Energy market The global economic c
Page 21 and 22: Electricity prospects In the fi nan
Page 23 and 24: Bettina Baer, 19, plays in the wome
Page 25 and 26: Renewable energies How we are inves
Page 27: Illustration: Geopower Basel AG Lim
Page 30 and 31: Annual Report Axpo Holding AG 22 -
Page 34 and 35: «Energie ist die Sonne.» “Energ
Page 38 and 39: PRO: ARGUMENTS IN FAVOUR The protec
Page 40 and 41: Axpo is dedicated to climate protec
Page 43 and 44: CONTRA: ARGUMENTS AGAINST Warnings
Page 45 and 46: Group structure and shareholders Gr
Page 47 and 48: Dr. Wulf Glatz, 35, won the 2009 Sw
Page 49 and 50: vis-à-vis third parties and deals
Page 51 and 52: ility, the strategic energy busines
Page 53 and 54: Axpo also has several tools on hand
Page 55 and 56: Corporate bodies and Group function
Page 57 and 58: Peter Reinhard Member of the Board
Page 59 and 60: Executive Board Heinz Karrer Chief
Page 61 and 62: Mobility What will get us moving in
Page 63: Public transport consolidates its p
Page 82 and 83: PRO: ARGUMENTS IN FAVOUR If we are
Page 84 and 85: Electricity from nuclear energy is
Page 87 and 88: CONTRA: ARGUMENTS AGAINST Nuclear e
Page 89 and 90: Balance Sheet 30.9.2009 (condensed)
Page 91 and 92: Minergie A registered quality label
Page 93 and 94: Conventional power plants • 1 KKB
Page 95 and 96: Publishing details Published by Axp
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Annual report 2008/09 - Axpo Group

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