Vattenfall is operating in all parts of the electricity value chain and has three products – electricity, heat and gas.
Meeting society’s energy needs requires striking a balance between three dimensions: competitiveness, security of supply and environment and climate. In other words: How much are we ready to pay for our energy? How much energy does society need? And what impact on the environment are we willing to accept? Currently, no single energy source is optimal from all dimensions – there are pros and cons for all of them.
Sourcing cost-competitive energy may sometimes increase a country’s dependence on unstable imports. Delivering reliable electricity has often required the use of fossil fuel sources, with their associated environmental impacts. And managing environmental impacts frequently means higher costs. Win-win-win solutions exist – notably improved energy efficiency – and technology development will deliver more.
But today creating a balance between the three dimensions still requires a mix of complementary energy sources. Vattenfall’s broad energy mix provides flexibility and allows us to get the most out of each and every energy source.