Net revenue
x € 1 million | 2019 | 2018 |
---|---|---|
Electricity transmission and connection services | 742 | 703 |
Gas distribution and connection services | 308 | 309 |
Metering services | 55 | 88 |
Infrastructure services and other | 115 | 170 |
Total | 1,220 | 1,270 |
Net revenue for 2019 decreased by € 50 million compared with the preceding financial year. This decrease was mainly attributable to the sales of Joulz Diensten in 2019 and Joulz Energy Solutions in 2018. Joulz Diensten had contributed revenue of € 46 million in 2018, whereas Joulz Diensten only added a contribution of € 16 million for a period of four months as at December 2019. Furthermore, Joulz Energy Solutions had contributed revenue of € 30 million in 2018 but none at all in 2019, which led to a decrease of some € 60 million. Revenue from metering services also decreased by around € 33 million due to the refund of surplus profits through the rate reductions that were applied.
This figure was partly offset by increases in revenue from the distribution of electricity and gas, by around € 39 million and € 1 million respectively. The number of low-use connections increased for both gas and electricity at Stedin.