Ørsted said that it has decided to initiate a structured process to assess the market interest in acquiring Ørsted's Danish power distribution and residential customer businesses and the City Light business.
The residential business sells electricity to approximately 733,000 customers in Denmark's restructured electric market and gas to approximately 91,000 customers. Approximately 40,000 gas customer’s boilers are serviced.
The power distribution business, under the subsidiary Radius, has approximately one million electricity customers in the Copenhagen area, North Zealand and parts of central Zealand. The power supply to the customers is ensured by a grid reaching an approximate size of 19,000km.
The City Light business operates and maintains approximately 160,000 street lights in 15 municipalities in Zealand.