Caruna is Finland’s largest electricity distribution company. Caruna’s share of the Finnish electricity distribution market is 21 per cent. We provide power to 665,000 private and corporate customers in South, Southwest and West Finland, the city of Joensuu and North Finland. Our electricity network is roughly 82,000 kilometres long and would stretch twice around the earth.

We endeavour to meet our customer’s expectations and, first and foremost, to secure an undisturbed supply of electricity.

We endeavour to meet our customer’s expectations and, first and foremost, to secure an undisturbed supply of electricity. We continuously improve and develop our electricity networks. We are set to invest EUR 200 million into improving the reliability of our electricity distribution every year for the next decade. Our vision is to be the best electricity distributor.

We have 270 of our own members of staff and we directly employ 2,000 more in our projects around Finland. Our head offices are in Espoo, Finland.

Caruna is owned by Finnish employment pension companies Keva (12.5%) and Elo (7.5%), as well as international infrastructure investors First State Investments (40%) and Borealis Infrastructure (40%). Our operations are tightly regulated. In Finland, the Finnish Energy Authority is in charge of monitoring the power supply trade.

Corporate structure

Caruna Networks Oy is the parent company of Caruna Networks Group (“Caruna”). The parent company of Caruna Networks Oy is Suomi Power BV, with its domicile in The Netherlands. In addition to Caruna Networks Oy, Caruna Group includes Caruna Networks Sähkönsiirto Oy, Caruna Networks Espoo Oy, Caruna Oy and Caruna Espoo Oy. Caruna Networks Oy owns Caruna Networks Sähkönsiirto Oy and Caruna Networks Espoo Oy, which, in turn, own Caruna Oy and Caruna Espoo Oy.

Of the Group companies, Caruna Oy and Caruna Espoo Oy conduct regional and distribution network activities in their own electricity networks under a network licence granted by the Energy Authority. Caruna Oy is responsible for the distribution of electricity in Southwest Finland, Satakunta region, South Ostrobothnia, Ostrobothnia, North Ostrobothnia and Lapland. Caruna Espoo Oy operates in Espoo, Kauniainen, Kirkkonummi and Joensuu.

Caruna Oy and Caruna Espoo Oy are separate companies with separate pricing policies, because factors such as local network conditions affect the price of electricity distribution. The majority of Caruna Oy’s network is situated in rural areas and Caruna Espoo Oy’s in urban areas.

Caruna Networks Oy, Caruna Networks Espoo Oy and Caruna Networks Sähkönsiirto Oy provide support services for the entire Caruna Group.