EGL is number one in Spanish trading

EGL Energía Iberia has once again been selected as Spain's number one power trader. This is the third time in a row that EGL's Spanish subsidiary  was placed first in the "Energy Risk Commodity Ranking" in the electricity category. The ranking is issued annually by the two technical magazines "Risk" and "Energy Risk". EGL Energía Iberia manages Spain's largest renewable portfolio with almost 7,000MW capacity power.

"This is both recognition for the past and motivation for the future", said Ignacio Soneira, Managing director of EGL in Spain, at the awards ceremony in London. Over 2,000 people from the energy branch participated in the survey. The candidates were rated according to criteria such as price, flexibility, reliability, integrity and processing speed.

EGL currently markets the energy generated by more than 400 production plants with a collective capacity of nearly 7,000MW. Approximately 70% of these facilities are operated by wind power. Drawing on its intensive knowledge of the market and proven trading expertise, EGL bundles the marketing of wind power generated thorough the country so as to optimise revenue for its customers.

Since 2010, EGL has held a stake in a wind farm in northern Spain. The La Peñuca wind farm has an installed capacity of 33MW and is 46% owned by EGL. In 2010, EGL Spain expanded into the Portuguese market, which is also undergoing liberalisation, and where it now supplies electricity to large industrial customers. EGL is one of the most active participants in the Spanish energy market and the national energy exchange, and trades in Spain as well as across borders to Portugal and France.

Not only the Spanish subsidiary of EGL was placed at the top of the Energy Risk Commodity Ranking. The EGL Nordic (Scandinavia) trading hub was awarded gold, and the EGL trading hub in Italy got silver in the electricity category.