SEV

The power company SEV is an inter-municipal community, which is owned by all the municipalities in the Faroe Islands, and therefore by all the Faroese people.

 SEV is based on joint and several liability, a democratic organisation. Most of the profit, from sales of electricity, is spent on future developments of supply productions and the power supply system. In this way everybody enjoys the profit, and developments can be carried out parallel to progress in society, which requires more demand for electricity. SEV is obliged to supply to all citizens, companies, and organisations with power supply 24-hours a day. SEV has sole responsibility for power quality and the power supply system in the Faroe Islands. The Faroe Islands are an isolated island society. The option of buying electricity from neighbouring countries does not exist. The obligation to supply power as well as run the power supply system results in a 24-hour obligation. It is SEV's responsibility to have enough capacity to keep the system running at full blast, to fix technical problems and problems with production units, which for whatever reason break down.