Net revenue
x € 1 million | 2020 | 2019 |
|---|---|---|
Electricity transmission and connection services | 726 | 742 |
Gas distribution and connection services | 316 | 308 |
Metering services | 81 | 55 |
Infrastructure services and other | 93 | 115 |
Total | 1,216 | 1,220 |
Net revenue for 2020 decreased by € 4 million compared with the preceding financial year. This decrease was mainly attributable to the sale of Joulz Diensten in 2019. In 2019, Joulz Diensten contributed € 16 million to revenue, for a period of four months. Additionally, regulated revenue from heavy-use customers decreased compared with 2019 due to a decrease in peak capacity and peak volumes, mainly as a result of COVID-19.
This was partly offset by higher revenue in the metering domain, which increased by around € 26 million, due to higher metering tariffs. The 2019 metering tariffs comprised a larger component for repayment of surplus profits. The remaining repayable surplus profits in future tariffs are disclosed in 29 Contingent assets and liabilities. The number of low-use connections increased for both gas and electricity at Stedin.
