Gross capital expenditures amounted to € 648 million in the first half year and were thus € 133 million higher than in 2023. This increase in gross capital expenditures is mainly attributable to:
€ 100 million higher investments in the electricity and gas grids (including smart meters). Higher customer demand due to the energy transition is leading, in particular, to an increase in the workflows in connection with electricity grid expansions and improvements. As a result, investments in the electricity grid increased by 29%.
€ 33 million higher other capital expenditures due to an increase in investments in improvement projects and an increase in investments at Enexis Vastgoed B.V. and Enpuls B.V.
Customer contributions amounted to € 52 million and are thus € 7 million lower than last year. As a result, net capital expenditures amounted to € 596 million, which represents a € 140 million increase compared to the first half of 2023. Customer contributions did not increase in line with gross capital expenditure as the growth in the work concerns workflows for which no customer contributions are received.
The table below shows the gross capital expenditures (excluding contributions) in our electricity and gas grids and smart meters as well as the other investments in the first half of 2024.
|
€ Million |
1st half year 2024 |
1st half year 2023 |
|
Electricity |
||
|
Standard connections |
32 |
29 |
|
Customised connections |
33 |
59 |
|
Grid expansions and grid improvements1 |
311 |
204 |
|
Reconstructions |
24 |
14 |
|
Replacements |
48 |
39 |
|
Other |
23 |
21 |
|
Total Electricity |
471 |
366 |
|
Gas |
||
|
Standard connections |
2 |
2 |
|
Customised connections |
1 |
1 |
|
Grid expansions and grid improvements1 |
10 |
9 |
|
Reconstructions |
11 |
9 |
|
Replacements |
71 |
78 |
|
Other |
1 |
1 |
|
Total Gas |
96 |
100 |
|
Smart meters |
||
|
Low-volume electricity |
9 |
10 |
|
Low-volume gas |
5 |
5 |
|
Total smart meters |
14 |
15 |
|
Total |
581 |
481 |
|
Other investments |
67 |
34 |
|
Total gross investments |
648 |
515 |
- 1In the interim report 2023, the grid improvements workflow was presented under 'other'. From this year onwards, the grid improvements will be presented under the line 'grid extensions and grid improvements'. The comparative figures have also been adjusted accordingly.