To ensure that volatile electricity and gas prices do not interfere with their cost and revenue accounting, more and more industrial companies as well as electricity producers and suppliers are using options on forward contracts to hedge against price movements. In the past they did this primarily via standardised products, but today they are increasingly resorting to individually tailored energy products. "Using our longstanding experience and extensive knowledge of the various markets, we develop structured products and services that are individually tailored to customers' needs throughout Europe," says Domenico De Luca, Head Energy Trading & Origination at EGL.
EGL's activities include procuring energy for bulk consumers and marketing the energy produced by wind farm operators. In Spain, for example, EGL is one of the largest marketers of renewable energies with over 7,000 MW of installed capacity. According to Mr. De Luca, "EGL is a 'first mover' in the origination business and also has a presence throughout Europe. We can react quickly and flexibly to economic and regulatory changes in the energy markets and develop suitable solutions for our customers."
EGL and Axpo to share stand at E-world 2012
EGL will be presenting the specific details of such solutions at stand 236 in hall 3 of E-world 2012, the most important energy trade fair in Central Europe, from 7 to 9 February 2012. The stand will be shared with its Swiss parent company Axpo, under whose umbrella EGL will conduct its future operations. Axpo will continue to expand the pan-European reach of its trading business as well as its position as a leading independent provider of origination products and services.
Further information
Media Relations: Tel. +41 44 749 40 10, media.ch@egl.eu
