Elkraft AS

What Elkraft AS does

Elkraft AS is a Norwegian private limited company founded in 1992 that supplies electricity and energy advisory services to business customers across the Nordic countries. Operating through wholly-owned subsidiaries in Norway (1992), Sweden (1999), Denmark (2006), and Finland (2011), Elkraft holds an NVE concession and is the only private electricity supplier to have continuously participated since Norway's energy market was liberalized. The company reports approximately 110 employees across the Nordics, an annual turnover of approximately 3 billion NOK, a customer portfolio volume of approximately 2.5 TWh, and a Bisnode/Dun & Bradstreet AAA credit rating.

The core product portfolio comprises five electricity contract types — Forvaltning (management portfolio aggregating customer volumes for scale-based trading), Fastpris (fixed price), Spotpris (Nord Pool Spot pass-through), Flex måned (monthly flex), and Flex miljø måned (climate-neutral management) — bundled with the proprietary Elkraft Energiweb (EOS) energy follow-up platform. Energiweb provides hour-by-hour consumption monitoring across electricity, water, oil, and heat; automated daily/weekly/monthly/annual reports; budget tools; abnormal-consumption alarms; and CO2 emissions accounting. The company also delivers energy advisory services (energimerking/energy labeling, fellesmåling/shared metering, helsesjekk/health checks, no-cure-no-pay savings engagements, tariff optimization) and environmental services (origin guarantees, solar advisory, EV charging station installation, CO2 reporting).

Elkraft monetizes primarily through usage-based electricity sales with consumption-driven revenue mechanics, supplemented by advisory fees (including performance-based 'no cure, no pay' arrangements) and recurring environmental certificate subscriptions. The go-to-market is sales-led and consultative: a dedicated personal advisor is assigned to each customer, supported by in-house technical engineers. Customers are acquired via the elkraft.no website, direct phone/email outreach, and referrals, with named enterprise references including SATS Group (250+ fitness centres), ONEPARK AS (parking services), and Allkopi Netprint (printing).

Name

Elkraft AS

Legal name

Elkraft AS

Website

https://elkraft.no

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

11–50 employees

Short description

Elkraft AS is a Nordic B2B electricity supplier founded in 1992, serving business customers in Norway, Sweden, Denmark, and Finland with multiple contract types, the Energiweb energy monitoring platform, energy advisory, and environmental services.

Ownership category

akta.pro rank

Product category

Commercial Electricity Supply & Energy Services

NAICS

Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911)

akta.pro industry

PRIMARYEUAGAEAG

Metering Data Acquisition & Customer Enrollment/Onboarding Services

Energy, Utilities & Environment/Energy Trading, Marketing & Retail Supply/Energy Brokerage, Aggregation & Switching Services

SECONDARYEUADAFAH

Customer Energy Engagement (In-Home Displays, Portals, Usage Insights)

Energy, Utilities & Environment/Electric Transmission & Distribution (T&D)/Smart Grid & Advanced Metering Infrastructure (AMI)

SECONDARYBPAHAIAG

Energy Systems & Power Engineering Consulting

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Engineering & Technical Consulting

Keywords

• Commercial electricity supply
• B2B energy services
• Energy advisory consulting
• Renewable energy certificates
• Energy monitoring platform

Headquarters

HQ city

Lørenskog

HQ country

Norway

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity sales (power delivery): Elkraft generates revenue primarily from selling electricity to business customers across Norway, Sweden, Denmark, and Finland. Customers choose from various contract types (forvaltning/management, fixed price, spot price, flex monthly). Revenue is consumption-based, varying with kWh usage. Elkraft is a member of Nord Pool Spot and NasdaqOMX for power trading.
2. Energy advisory and consulting services: Elkraft offers advisory services including tariff optimization, meter setup reviews, efficiency analysis, health checks, energy labeling, and shared metering. These services are bundled into electricity delivery contracts at no additional cost or offered on a 'No cure, no pay' basis where Elkraft takes a share only of achieved savings.
3. Environmental certificates and guarantees of origin: Elkraft sells guarantees of origin (opprinnelsesgaranti/GOs) linking electricity consumption to renewable sources (hydro, wind, solar), reducing CO2 footprint by ~99%. Also offers CO2 accounting reports, emission quotas, and green energy certificates as add-on services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Elkraft AS supplies electricity to business customers across the Nordic region (Norway, Sweden, Denmark, Finland) under multiple contract types (Forvaltning management portfolio, Fastpris fixed price, Spotpris spot market, Flex måned, and Flex miljø måned) bundled with the proprietary Energiweb energy monitoring platform and energy advisory services. The company also provides energy consulting (energy labeling, shared metering, health checks, cost reduction, no-cure-no-pay savings), environmental solutions (solar power, EV charging stations, guarantees of origin, CO2 accounting), and consolidated invoicing for power, grid charges, and fees.

Product overview

Elkraft AS is a Nordic B2B electricity supplier offering a unified electricity delivery service with multiple contract types (Spotpris, Fastpris, Forvaltning, Flex måned, Flex miljø måned), bundled with the Energiweb energy monitoring platform and energy consulting services. The product portfolio includes core electricity supply, the Energiweb energy follow-up system, energy consulting services (Energimerking, Fellesmåling, Energioppfølging, Besparelser, Helsesjekk, No Cure No Pay), environmental services (Solkraft, Ladestasjoner, Opprinnelsesgaranti, CO2 Regnskap), and Fakturaløsninger. These offerings are interconnected through shared billing, consumption reporting, and energy optimization workflows, enabling businesses to manage electricity procurement, consumption monitoring, and environmental compliance through a single provider.

Differentiator

Problem solved

Functional benefit

Products and services

• Strømleveranse (Electricity Delivery) Core electricity supply offering for Nordic business customers, available under multiple contract structures with bundled Energiweb monitoring and invoicing services.
• Forvaltning (Management Portfolio) Active electricity portfolio management combining multi-month/quarter fixed purchases with spot exposure to reduce extreme price peaks and produce more predictable costs. Aggregates customer volume into a large purchasing portfolio.
• Fastpris (Fixed Price) Fixed-price electricity supply providing full cost predictability for the contract term, suited for businesses that want to avoid market fluctuations.
• Spotpris (Spot Price) Electricity priced at hourly Nord Pool Spot rates with no additional fixed cost, suited for businesses that can tolerate significant price variations.
• Flex måned (Flex Month) Electricity supply combining fixed purchases for 1-12 months with spot prices, settled monthly with market-near pricing plus a hedging element.
• Flex miljø måned (Flex Environment Month) Climate-neutral electricity product combining spot prices with short-term management, includes guarantee of origin, CO2 quota trading, an environmental diploma, and an annual environmental and climate report. Bundles a free health check and free Energiweb webinar.
• Energiweb (EnergyWeb / EOS) Web-based energy follow-up system providing hour-by-hour electricity consumption data, automated daily/weekly/monthly/annual reports, budget tools, alarms for abnormal consumption, and CO2 accounting linked to consumption.
• Energirådgivning (Energy Consulting) Energy advisory services covering energy labeling, shared metering, energy follow-up, cost reduction, health checks, and no-cure-no-pay savings engagements, delivered by in-house engineers and technical specialists.
• Miljø (Environmental Services) Environmental services bundle including solar power solutions, EV charging stations, origin guarantees, and CO2 accounting to reduce emissions and document environmental performance.
• Opprinnelsesgaranti (Guarantee of Origin) Certificates linking business electricity consumption to renewable energy sources (hydro, wind, solar), reducing documented CO2 footprint by approximately 99%, accompanied by annual CO2 reports and renewable energy certificates.
• CO2 Regnskap (CO2 Accounting) CO2 emissions analysis, reduction measures, and annual environmental and climate reports showing business emissions, consumption, and achieved reductions.
• Solkraft (Solar Power) Solar power solutions for businesses, including own solar energy production, trading of solar power, and advisory services from planning through installation.
• Ladestasjoner (EV Charging Stations) Design and installation of electric vehicle charging stations for businesses, including analysis of opportunities and available capacity.
• Energimerking (Energy Labeling) Energy labeling of commercial buildings issuing energy certificates valid for 10 years, with advanced analysis tools to evaluate building energy use.
• Fellesmåling (Shared Metering) Shared metering service for buildings with multiple tenants, enabling individual measurement and billing based on actual consumption, or percentage-based allocation where metering is not practical.
• Energioppfølging (Energy Follow-up) Building energy consumption monitoring with automated meter reading and assistance implementing energy-efficient measures, covering electricity, water, oil, and heat.
• Besparelser (Cost Reduction) Electricity cost optimization through tariff optimization, consumption analysis, and in-house technical department assessments of overall energy costs.
• Helsesjekk (Health Check) Free energy control and assessment of current consumption patterns with a status report, including evaluation of network costs and identification of optimal tariffs.
• No Cure, No Pay Energy-saving arrangement where the customer pays only based on achieved savings; if no savings are achieved, all work is carried out free of charge.
• Fakturaløsninger (Invoice Solutions) Invoice management including combined invoices for electricity and grid costs, email invoices, and electronic file invoicing (EHF/E2B) via third-party Logiq.

Quantifiable outcome

• Forvaltning (management) contract saved Norian customers approximately 12% on electricity costs in 2021 and 20% in 2022
• +3 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators6 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• E.ON Sverige: Swedish arm of European energy major E.ON, supplying electricity and energy services to Swedish households and businesses. Directly comparable to Elkraft's Swedish operations with broader portfolio including heat and gas.
• Fortum: Finnish state-majority owned energy group with significant Nordic electricity retail and generation operations. Directly comparable to Elkraft as a Nordic electricity supplier, but with a much larger portfolio spanning generation, district heating, and recycling.
• Statkraft: Norwegian state-owned renewable energy generator and largest power supplier in Norway. Overlaps with Elkraft in Nordic B2B electricity supply, with the key difference of owning large-scale hydro generation.
• Vattenfall: Swedish state-owned energy company selling electricity to retail and B2B customers across the Nordics and Northern Europe. Comparable as a Nordic electricity supplier with extensive scale and generation assets that Elkraft lacks.

Emerging players

• Tibber: Norwegian-headquartered digital energy supplier with operations across the Nordics and Europe, selling dynamic-price electricity via an app-first model. Comparable as a Nordic B2C/B2B supplier but differentiated by technology-led positioning versus Elkraft's service-led model.

Direct peers

• Å Energi: Norwegian electricity supplier formed from the merger of Agder Energi and Glitre Energi, serving B2B and B2C customers across Norway. Comparable to Elkraft as a Norwegian-headquartered mid-sized electricity retailer with B2B focus.
• Bixia: Swedish electricity retailer offering spot, fixed, and managed contracts to consumers and businesses. A direct B2B peer to Elkraft's Swedish operation with similar contract types and advisory positioning.
• Skellefteå Kraft: Swedish municipally-owned energy company with electricity retail, trading on Nord Pool, and energy services for business customers. Closely comparable mid-sized Nordic supplier with similar product structure to Elkraft.
• Telge Energi: Södertälje municipality-owned Swedish energy supplier selling electricity to households and businesses across Sweden. Comparable mid-sized Nordic retailer with similar portfolio of contract types and energy services.

Regional players

• Norlys: Large Danish energy cooperative operating electricity retail, fiber broadband, and charging infrastructure. Directly comparable to Elkraft's Danish operations as a multi-vertical Nordic energy supplier.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/elkraft-as

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 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 Elkraft AS