Axpo and Sweden’s Falu Energi sign services deal

30.04.2025 - Axpo and the Swedish electricity retail company Falu Energi & Vatten AB have signed an agreement for the supply of power balancing services, physical delivery and financial electricity trading, it was announced today. The agreement, which took effect in February 2025, covers the company’s annual energy sales of around 300 GWh and the generation of approximately 70 GWh of electricity a year.  

Axpo is one of Sweden's leading suppliers of energy trading and balancing services to electricity retail companies, wind and solar power producers, and industrial customers. The company has been active in the Swedish energy market for 20 years.

Axpo’s Portfolio Manager for Sweden, Anna Öhberg, said: "We’re delighted to welcome Falu Energi & Vatten AB to our customer network of smart and innovative energy companies. The Swedish electricity market is experiencing major changes right now. Our expertise in areas such as ancillary services, the optimisation of electricity production and consumption, and risk management will help Falu Energi & Vatten AB successfully navigate those challenges."

Falu Energi & Vatten AB has been an electricity retail company since 2013 and is the leading electricity retailer in the central Sweden city of Falun.

Falu Energi & Vatten AB Head of Product Management, Per Magnusson, said: "Working with Axpo and its network, Falu Energi & Vatten AB is well placed to continue developing to meet the challenges and opportunities of tomorrow's electricity market, offering our customers competitive solutions for their energy needs."