Corporate governance

Statnett SF is owned by the Norwegian State through the Ministry of Petroleum and Energy (MPE). The supervisory authority is the Norwegian Water Resources and Energy Directorate (NVE). We are organised as a group.

Management policy

Statnett’s remit is to be the Transmission System Operator (TSO) in the Norwegian power system. Our remit consists of three integrated primary roles:

 

  • Transmission System Operator: Ensure instantaneous balance between power production and consumption at all times.
  • Network owner:  Owner of the Norwegian transmission network and connections with other countries’ power systems.
  • Power system planner: Responsible for planning of the transmission network in the Norwegian power system.

 

Corporate governance

Our frameworks for corporate governance are based on our group-wide management model, which clarifies role allocation between the owner, the Board of Directors and management. Statnett complies with both the government’s principles for state ownership and the Code of Practice for Corporate Governance issued by the Norwegian Corporate Governance Board (NUES).

 

You can read more about Statnett’s corporate governance here (PDF).

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