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Telenor selects Entelios as power supplier

The agreement, covering both electricity and energy services, has an annual consumption volume of more than 400 GWh and an annual sales value of approximately NOK 400 million.

To date, Telenor has been an independent actor on the power market, but with the new contract, Entelios achieves a smooth take-over of the portfolio, enabled by the introduction of Elhub earlier this year. Entelios will develop a customised delivery and invoicing system comprising electricity, network tariffs and district heating. These elements will be utilised to optimise costs – one of the services to be provided by Entelios.

Telenor also has the option to enter into financial power agreements and to make use of the consumption flexibility market via options in the contract with Entelios. Entelios is currently one of the first businesses with the capacity to exploit consumption flexibility on the market.