We plan and monitor the development of our finances
Financial responsibility covers both the sustainability of our operations and their economic impact on the outside world.
EPV Energy’s financial responsibility means the careful planning of finances and monitoring economic developments. We anticipate factors that may affect our activities in the future and strive to take their effects on our finances into account in both the short and long term.
Successful operating activities have positive effects for the company’s stakeholders, including shareholders, employees, subcontractors and ultimately society as a whole in terms of jobs, investment and tax revenues.
Financial success creates the prerequisites for EPV to fulfil its social and ecological responsibilities.
EPV Energy’s most crucial task is to ensure that the electricity supplied to our shareholders remains competitive. This requires the continuous follow-up of our operating environment and influencing the development of existing production resources. Additionally, the company maintains our readiness to make new investments as the operating environment evolves.
EPV acts as a procurement channel for electricity and heat to its shareholders. Its acquisition activities are based on the Mankala principle of producing and supplying energy at production cost price, which makes it possible for us to provide our owners with affordable electricity. We do not strive for profit with our operations.
EPV invests in the environment and in the future
Our main task is to ensure our capacity for responsible energy generation and to maintain a competitive production cost price far into the future.
The energy sector is Finland’s most capital-intensive business sector. Power plants and wind farms tie up a large amount of capital over the course of decades. We plan our investments with great care. We are also developing our ability to anticipate our investment needs. We model our investment needs for the year and strive to fund them in such a way that our reliability and equity ratio remain desirable.
Effective risk management reduces unpleasant surprises, increases financial stability and improves our ability to assess the development of our productivity. Financial responsibility includes the important task of recognising possible future financial risks in the operating environment.