Skandia Energi

Skandia Energi (branded SkandiaEnergi) is a Norwegian electricity retailer that sells power to households and, according to consumer comparison coverage, also to business customers, exclusively on spot-price terms. Its product range centres on spot contracts with a monthly fixed fee plus an øre/kWh markup, including the greenSpot plan (NOK 49 per month plus 13.9 øre/kWh including statutory electricity certificates, no lock-in period, billing in arrears) and variants such as greenSpot Sekundær, Spot and sweetSpot listed on price-comparison portals. The company also offers guarantees of origin as an add-on service priced at 11.65 øre/kWh after a 30-day free period, and it handles the Norgespris tariff arrangement, which became available from 1 October 2025 and is settled by grid companies rather than on the supplier's invoice.

The brand provides a mobile app for hour-by-hour tracking of electricity prices and consumption, plus a "Min side" self-service portal for consumption and invoice overview, and operates a telephone customer centre from Kristiansand. Comparison-site material describes additional or historical offerings including Skandiaspot, Digitalstrøm (a fully digital plan settled via eFaktura/AvtaleGiro), Solstrøm for solar prosumers with purchase of surplus production, and Hyttestrøm for holiday properties, along with a price-match promise and a satisfaction guarantee.

Skandia Energi is positioned as the premium brand within Skandia Greenpower AS (SGP), a Norwegian energy group listed on Euronext Growth under the ticker SKAND, which also owns Saga Energi, Motkraft, elKompis and the software company Skandia Smarthus.

Business model

Retail supply of electricity to end users in Norway. Revenue is generated from a monthly fixed fee per contract plus a per-kWh markup on the Nord Pool spot price, with additional optional services such as guarantees of origin charged per kWh. Contracts are generally offered without lock-in periods and invoiced in arrears; grid tariffs are billed separately by the grid operator, though the parent group has stated plans to implement consolidated billing (gjennomfakturering).

Fixed monthly subscription fee (varying by plan, e.g. NOK 39-49) plus a markup per kWh on spot electricity, with add-on charges such as an 11.65 øre/kWh guarantee-of-origin service. At group level, gross revenue reached NOK 350.6 million in Q1 2026 while net revenue was NOK 16.0 million, reflecting pass-through of electricity costs.

Traction

The Skandia Greenpower group reported more than 50,000 customers at the end of 2024, 54,075 at end-Q4 2025 and 53,202 at end-Q1 2026, with the Q1 decline attributed to new order routines. Group Q1 2026 EBITDA was NOK 8.1 million and net result NOK 3.3 million, both up year over year, with 2026 EBITDA guidance of NOK 32 million and a customer target of 100,000 by year-end 2026.

Latest developments

Norgespris became available to customers from 1 October 2025. In Q1 2026 the parent group reported revenue and EBITDA in line with forecasts, paid a dividend of NOK 0.045 per share in March 2026, guided full-year 2026 dividends of NOK 0.095 per share and EBITDA of NOK 32 million, and said it was preparing consolidated billing (gjennomfakturering) and exploring M&A opportunities. Skandia Greenpower held its annual general meeting on 15 April 2026.