Best electricity retailer in the country signs energy agreement with EGL Sverige AB

Karlstads Energi is the best electricity retailer in the country. That is what the Swedish Homeowners Association recently said, maintaining that the company is the best in the country keeping electricity prices down.  The company is based in Karlstad, but has succeeded in attracting customers from all over Sweden. Despite ever tougher competition, Karlstads Energi can claim a net increase of 1,300 customers during 2010.

EGL was an obvious candidate when Karlstads Energi sought a new partner for balance responsibility and portfolio management. Karlstad Energi investigated the market and selected a handful of potential partners. After discussion with EGL, it was clear that they offered the best solution through their professional organisation, management and powerful pricing and hedging tool, EGL Price^TM, as well as their good reputation.

“EGL does not supply to end customers, but specialises in collaborating with energy companies. EGL is also open to ideas that can help to develop our businesses. These factors meant that making our final choice of partner was easy,” says Sören Blomqvist, market manager of Karlstads Energi.

“We are delighted that such a competent company as Karlstads Energi has chosen to work with EGL. Electricity retailers have long been an important customer group for us,” says Tomas Sjöberg, managing director of EGL Sverige AB.

“Our tools for electricity sales and our expertise in portfolio management and trading in Europe allows for an interesting collaboration with Karlstads Energi. We offer customised products to handle risks and secure margins over the course of time. This is particularly important in the electricity business, where margins are low and risks are high,” says Tord Rixborn, key account manager of EGL Sverige.

“It is important for Karlstads Energi to have a long term, stable partner in the electricity market. Working with EGL will give us access to state of the art expertise that will enable us to offer our customers even better electricity supply agreements,” concludes Sören Blomqvist, market manager of Karlstads Energi.

About EGL

EGL Sverige, a subsidiary of EGL Nordic since 2005, was founded in 1992 and was one of the first active trader on Nord Pool. The company specialises in services for electricity retailers, energy intensive industries and producers.

EGL is a European energy trading company with its own assets. EGL is a leader in proprietary trading, in the sale of standardised products, and in the development of structured products and innovative services for customers. EGL is accredited to trade on all the major European energy exchanges and listed on the SIX Swiss Exchange. Its head office is in Dietikon near Zurich (Switzerland). It also has a local presence in many parts of Europe through its more than twenty subsidiaries.

About Karlstads Energi AB

Karlstads Energi AB sells heating to over 4,000 customers and electricity to about 32,000 customers. The company produces both district heating and electricity. The electricity comes from the biofuel fired power station at Heden and from Vänern wind farm. The majority of the district heating comes from the Heden plant in Karlstad. The company sells about 500 GWh of electricity and an equivalent amount of district heating every year.

For further information, please contact:

EGL Sverige AB

Tomas Sjöberg, Managing Director
Tel. +46 4010 77 74

Tord Rixborn, Key Account Manager
Tel: +46 40 10 77 75

For more information about EGL, visit www.egl.eu.  

Karlstads Energi AB

Sören Blomqvist, Market Manager
Tel. +46 76-823 53 51

For more information about Karlstads Energi AB, visit www.karlstadsenergi.com.