In the current market context, at global, European and national level, Electrica Group can make a significant contribution to the transition of the energy sector at national level, implicitly also to achieving EU’s ambitions and targets regarding energy prospects in 2030/2050, while pursuing with priority the achievement of its strategic objectives meant to ensure the long-term sustainability of the business.
By adopting strategic directions, aligned with those at national and European level, Electrica Group can play an important role in transforming the energy sector, contributing to a new era of energy that will be sustainable, efficient and environmentally friendly.
Electrica’s strategic statement: Innovation promise: Shaping a sustainable future
Electrica’s promise is thus to provide innovative and sustainable energy solutions that meet current requirements, while protecting the future of our society. Electrica’s commitment is to a brighter, more efficient and greener future.
What Electrica wants by 2030:
Sustainable growth of the company’s value, while contributing to the transition to the Green Economy
Transformation and sustainability through large-scale implementation of ESG and organizational excellence programs
Efficiency by increasing network security, digitalization and improving business resilience
Following these directions, the Group’s key strategic objectives in the period 2024-2030 will focus on growth, sustainability, efficiency and transformation, through:
– Diversification of renewable energy sources – renewable energy production, energy storage, optimization of investment financing and profitability of production
– Diversification of services – including energy efficiency – new services offered, energy efficiency at supply level, exploration of regional growth opportunities
– Sustainable electrification, modern infrastructure, efficiency – smart grids, increasing grid flexibility to adapt to prosumers, electric vehicle charging stations, operational efficiency
– Large-scale implementation of ESG – personnel training on ESG principles, dual education, feedback programs, corporate social responsibility initiatives and ongoing training on sustainability and ethics
principles, stakeholder involvement in a comprehensive governance framework, rating improvement/retention, inclusion and maintenance in the FTSE Russell indices
– Digitalization and innovation – One SAP and process automation (RPA), customer interface automation, predictive maintenance, digitalization trainings for employees
– Organizational excellence – educational programs, modernization of the performance management system, cultural transformation
In the context in which Electrica expects during 2024 important changes in the regulatory framework affecting all its operational segments (the fifth regulatory period on the distribution segment, regulations expected both on the electricity and natural gas supply segment, as well as on the electricity production segment), this strategy will be revised accordingly.