Alafors/Malmö, Tuesday, June 21, 2011
Ale EL Elhandel AB has chosen to enter into an agreement with EGL Sverige AB. The cooperation is for portfolio management and physical delivery. The partnership means that Ale El can effectively coordinate their purchases of electricity at the power exchange through EGL. Ale El is the common brand for both the power grid and electricity retail business, whereby Ale Elförening is the parent company and Ale El Elhandel is a subsidiary.
The fact that EGL is not a player in the retail market, and that instead their business idea is to focus on local energy retail companies and their development means a lot. They offer a professional organisation and a powerful pricing and hedging tool in EGL PriceTM. In addition, Ale El will get access to EGL's Nordic and European market analysis, which is very valuable when purchasing electricity on the exchange, says Stefan Brandt, Managing Director at Ale El.
"EGL's knowledge of the electricity market and its conditions together with our own knowledge and experience creates a solid platform for further development. By working with EGL, we will have the best conditions to efficiently trade electricity, which will benefit our customers," adds Stefan Brandt.
"We are very happy that Ale EL has chosen to cooperate with EGL and find it exciting to experience Ale El’s new investment in the electricity retail market. Ale El has a highly competent organisation where our products and services, and our trading experience will be a good complement. EGL Sverige is a flexible company with long-time experience in the electricity retail business, and offering customised solutions to retailers," says Tord Rixborn, Key Account Manager at EGL Sverige.
"Since the late 90’s, we have focused on cooperation with electricity retail companies with great success, and this is also our long-term strategy. Our portfolio management services and products are customised to each customer’s needs considering risk and the customer’s unique set up," says Tomas Sjöberg, Managing Director at EGL Sverige.
Further Information
Ale El
Stefan Brandt, Managing Director
Tel. +46 303 33 24 01
EGL Sverige
Tomas Sjöberg, Managing Director
Tel. +46 4010 77 74
Tord Rixborn, Key Account Manager
Tel: +46 40 10 77 75
