What Lnett does

Lnett AS is a regulated natural-monopoly electricity distribution grid company (nettselskap) headquartered in Sandnes, Norway, with exclusive NVE-granted concession for the power grid across nine municipalities in the Sør-Rogaland region, covering the area from Egersund in the south to Hjelmeland in the north. The company operates and maintains a multi-voltage distribution network comprising 132 kV, 50 kV, 22 kV, and 11 kV power lines, transformer stations, substations, and underground cables, along with smart meter infrastructure (AMS) that exposes consumption data to customers via HAN-port. Lnett is currently executing a multi-year capital program to upgrade aging infrastructure from the 1950s-1970s, including new 132 kV transmission lines (Fåholmen-Rennesøy, Krossberg-Harestad), the Kartavoll switching station, and a regional ring connection between Nord-Jæren and Ryfylke, with most projects targeting completion by 2031.

The company's revenue model is regulated cost-plus, with annual revenue frames set by NVE (Norwegian Water Resources and Energy Directorate) based on operating, maintenance, and capital expenditure. Revenue streams include capacity-based monthly fees (kapasitetsledd), energy-based usage fees (nettleie), connection fees (tilknytning), and construction power rentals (byggestrøm). Approximately 40% of each grid fee invoice comprises government taxes and fees (consumption tax, Enova contribution, and 25% VAT). Lnett serves residential and business customers (under 100,000 kWh annually), power producers (pluskunder), licensed electrical installers, and construction companies requiring excavation permits, supported through a customer service center, the Min Side self-service portal, and integration with the national Elhub metering system. The company is ranked among Norway's top 10 grid companies with fewest power outages (NVE 2023 statistics) and operates 24/7 emergency response. It collaborates with the SecureEL research center on grid modernization and maintains infrastructure-sharing partnerships with Lyse Neo, Lyse Fiber (Altibox), IVAR, Tensio, and Elvia.

Name

Lnett

Legal name

Lnett AS

Website

https://l-nett.no

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

251–500 employees

Short description

Lnett AS is a Norwegian regulated-monopoly electricity distribution grid company serving nine municipalities in Sør-Rogaland, operating and upgrading 11-132 kV power infrastructure, managing smart meter deployment, and supporting industrial and renewable energy growth through 2031.

Ownership category

akta.pro rank

Product category

Electricity Distribution & Grid Services

NAICS

Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Distribution Network Service Providers (DNSPs) / Regulated Distribution Companies (Ring-fenced DSOs) (EUADABAH)

akta.pro secondary industry

Electric Distribution System Owners (Wires-Only Companies) (EUADABAI)

Keywords

• Electricity distribution
• Power grid services
• Grid connection
• Utility infrastructure
• Smart metering

Headquarters

HQ city

Sandnes

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Operations, Supply Chain

Revenue model

1. Grid Usage Fees (Nettleie): Charges for electricity transmission through the power grid. Revenue is regulated by NVE (Norwegian Water Resources and Energy Directorate) through annual revenue frames. The company operates as a cost-plus regulated monopoly where revenues are based on actual costs of operating, maintaining, and upgrading the grid. Approximately 40% of the grid fee invoice consists of government taxes and fees.
2. Capacity-based Fee (Kapasitetsledd): Monthly fixed charge based on the customer's peak electricity usage (average of the three highest hours of simultaneous consumption per month). This encourages customers to flatten their load profile and reduces strain on the grid.
3. Construction Power (Byggestrøm): Temporary electricity connections for construction sites and events. Lnett provides construction power cabinets (32A, 63A, 125A, 250A) for rental periods typically up to one year. Revenue is based on cabinet size and duration.
4. Connection Fees (Tilknytning): Fees for connecting new properties, buildings, or facilities to the power grid. Includes grid capacity assessment and technical connection requirements.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Lnett is a regulated electricity distribution grid company (nettselskap) operating as a natural monopoly in Sør-Rogaland, Norway, from Egersund in the south to Hjelmeland in the north. The company owns and operates the regional power grid infrastructure including 132 kV, 50 kV, 22 kV, and 11 kV transmission lines, transformer stations, substations, and smart meter (AMS) infrastructure. Lnett charges regulated grid usage fees (nettleie), provides grid connection services, construction power, electrical installer coordination, and 24/7 emergency outage response to residential and business customers across nine municipalities.

Product overview

Lnett is a Norwegian electricity grid company operating as a monopoly utility in Sør-Rogaland, managing the regional power grid from Egersund in the south to Hjelmeland in the north. The company offers a comprehensive portfolio of services including customer billing and grid pricing (Kunde og nettleie), grid connection services (Tilknytning til nett), construction electricity (Byggestrøm), electrician services (Elinstallatør), and major infrastructure development projects. The company manages the overlying power grid and serves customers across nine municipalities, with services supported through the Min Side customer portal and integration with the national Elhub metering system. Current major projects include power line construction such as Krossberg-Harestad and Fåholmen-Rennesøy, as well as the Kartavoll substation development.

Differentiator

Problem solved

Functional benefit

Products and services

• Kunde og nettleie (Customer and Grid Pricing) Customer service and electricity grid pricing services including invoice management, consumption tracking, HAN-port access, and Elhub integration for meter data, available to all residential and business customers in the Sør-Rogaland service area.
• Bygge og grave (Build and Dig) Services for construction companies including excavation notifications, near-wire agreements, building demolition, infrastructure relocation, technical requirements, and joint cabling coordination.
• Elinstallatør (Electrician Services) Services for licensed electricians including Elsmart for digital installation reporting, installer approval, technical requirements, and electrical safety (DLE - Det Lokale Eltilsyn) oversight.
• Tilknytning til nett (Grid Connection) Grid connection services including connection ordering, grid capacity assessment, queuing system, construction electricity, power production grid feed-in, costs, and joint cabling for new properties and developments.
• Byggestrøm (Construction Electricity) Temporary construction power supply with rental cabinets in sizes of 32A, 63A, 125A, and 250A for construction periods or events, with standard rental period up to one year.
• Min Side (My Page) Customer self-service portal for viewing invoices, consumption data, and opening HAN-port for smart meter access.

Quantifiable outcome

• Among Norway's top 10 grid companies with fewest power outages (NVE 2023 outage statistics)
• +2 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core.

• SecureELcoreStrategic or Co-development PartnerLnett participates in the SecureEL research center which tests new technologies and work methods to better utilize and secure the power grid, with the goal of enabling more customers to get power faster. SecureEL focuses on research that directly supports grid modernization and capacity expansion.
• Lyse NeocoreTechnology or IntegrationInfrastructure sharing partnership where Lyse Neo (along with Lyse Fiber/Altibox and IVAR) receives cable location information through Lnett's gravemelding (excavation notification) system. This coordination prevents damage to multiple infrastructure types during excavation work.
• Lyse Fiber (Altibox)coreTechnology or IntegrationInfrastructure sharing partnership where Lyse Fiber (Altibix) receives cable location information through Lnett's excavation notification system. Coordinates fiber and power infrastructure during construction projects.
• TensiocoreStrategic or Co-development PartnerLnett, Tensio, and Elvia share good experiences with the new role of 'energy coordinator' (energikoordinator) in grid companies. This was communicated to the Energy Minister as a joint industry initiative to improve coordination and efficiency in grid operations.
• ElviacoreStrategic or Co-development PartnerLnett, Tensio, and Elvia share good experiences with the new role of 'energy coordinator' (energikoordinator) in grid companies. This was communicated to the Energy Minister as a joint industry initiative to improve coordination and efficiency in grid operations.
• NVE (Norges vassdrags- og energidirektorat)coreOthersNVE is the regulatory authority that approves Lnett's concession applications for new power infrastructure, sets annual revenue frames for grid fees, and publishes outage statistics. Lnett is currently awaiting NVE decisions on multiple major projects including the Fåholmen-Rennesøy 132 kV power line and transformer stations.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Eidsiva Energi Nett: Norwegian regulated DSO serving the Innlandet region. Comparable as a regional monopoly distribution grid operator under NVE oversight with a similar mix of rural and urban service territory and industrial exposure.
• BKK Nett: Norwegian regulated DSO serving Vestland county. Comparable as a regional monopoly distribution grid operator under NVE regulation with similar revenue frame and tariff structure, and a similar mix of industrial and residential customers.
• Elvia: Norway's largest DSO, formed from the merger of Hafslund Nett and Glitre Energi Nett, serving Oslo, Akershus and parts of eastern Norway. Closely comparable as a regulated distribution grid operator under NVE with the same pricing and concession framework, and cited by Lnett as an industry partner.
• Lyse Nett: Norwegian regulated DSO historically tied to the Lyse group in Rogaland and overlapping with Lnett's territory. Highly comparable as a regional monopoly grid operator in the same Norwegian regulatory framework and adjacent Rogaland footprint.
• Agder Energi Nett: Norwegian regulated DSO serving the Agder region in southern Norway. Comparable as a regionally-concentrated monopoly distribution grid operator under NVE regulation with similar tariff components and capex-driven RAB mechanics.
• Glitre Energi Nett: Norwegian regulated DSO serving parts of Vestfold and Buskerud (formerly part of what became Elvia). Comparable as a regional monopoly distribution grid operator under the same NVE regulatory and tariff framework.
• Skagerak Nett: Norwegian regulated DSO serving Vestfold and Telemark regions under NVE oversight. Comparable as a similarly sized regional monopoly distribution operator with the same concession-based business model and grid-fee revenue mechanics.
• Møre Nett: Norwegian regulated DSO serving Møre og Romsdal. Comparable as a regional monopoly distribution grid operator subject to NVE regulation with a similar customer mix and capital-intensity profile.
• Tensio: Norwegian regulated DSO operating the regional and distribution grid in Trøndelag. Directly comparable to Lnett as a similarly structured Norwegian monopoly grid company under NVE regulation, and explicitly cited by Lnett as a partner on the joint 'energikoordinator' initiative.
• NTE Nett: Norwegian regulated DSO serving central and northern Trøndelag. Comparable as a regional monopoly distribution grid operator subject to the same NVE revenue-frame regulation and serving a comparable mix of residential, commercial and industrial customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lnettas

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lnett