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Strategy
In October 2021, the Supervisory Board of Sadales tīkls AS approved the operational strategy of Sadales tīkls for the years 2022–2027. The company’s strategy will be integrated in the overall medium-term strategy of Latvenergo AS. Sadales tīkls will face significant challenges in the new strategy period, for example, rising construction costs, the need to equalise earning and expenditure structures, development and management of a network suitable for a two-way power flow, as well as an increase in the volume of distributed generation and transport charging connections.
The document sets out four strategic objectives that have been set in the light of foreseeable future challenges, as well as the results of the analysis of internal and external factors. We’ve also taken into account the forecasts of the Association for the European Distribution System Operators (E.DSO) and other international organisations stating that the role of distribution system operators will change significantly in the next 10 years. The future of energy will be decentralised, decarbonised, and digital, and Sadales tīkls will have to provide a high-quality power supply, while simultaneously developing a network suitable for future needs.
The overall long-term objective of Sadales tīkls is to provide a sustainable and economically viable electricity distribution service by efficiently managing the electrical network, improving the safety and quality of power supply, which is essential for the competitiveness and growth of the national economy, and by simultaneously facilitating the attainment of climate neutrality.
The maintenance and development of the electrical network is one of the main responsibilities of Sadales tīkls AS. In order to ensure sustainable power supply quality, the electrical network is constructed by considering the safety of the network and voltage quality at every object and throughout the entire network. The main focus areas for attaining the strategic objective set are network development and maintenance, management of the smart network, as well as the sustainability and management of materials.
Sadales tīkls facilitates the operation and development of the electricity market by ensuring an environment that meets the needs of market participants. The company actively cooperates with market participants, policy makers and regulators, and partners. The company purposefully plans and develops digital solutions that are based on automated, standardised processes and centralised data exchange, as well as improves the digital environment and customer servicing.
In order to attain the strategic objective set, the following focus areas have been defined – digital solutions, data-based development and know-how, information system security and development.
In 2016, the company implemented a programme for raising operational efficiency. It is planned to continue in the same direction by focusing on efficiency matters in the following period as well. These are the focus areas defined for attaining the objective – development of the company’s processes, synergy with other operators and communication owners, as well as financial sustainability and efficient resource management.
In order to attain the strategic objective set, the following focus areas have been defined – sustainable development of the company, employees, climate neutrality.