ENERGA is active in the wholesale trading of electric power since 2006. Ever since, it played a leading role in this specific market, today the company is among the companies with the largest transaction volumes in cross-border trading. Thanks to the expertise and experience of the ENERGA group in the European electricity markets, the company managed to combine prudent risk management with impressive results and leadership in the early days of the deregulated market in Greece.

What is the trade of electric power?

European electric networks are interconnected. The energy produced by major companies is purchased by the traders in the local “power exchanges” and it is transmitted through high voltage grid to other European countries. In this framework, ENERGA’s commercial activity in Greece includes the following:

• Transactions with physical delivery of energy between ENERGA and another traders (off-exchange trading), or within the Greek transmission system between ENERGA and the Hellenic Transmission System Operator (exchange trading).
• Transactions of financial products on energy price indices

Speculation or risk compensation?

The main concern of most minor local traders of electric power is speculation. The main concern of major power companies, like ENERGA, is the management of the risk linked to its transactions. Similarly with all commercial product transactions, energy transactions also involve significant risk that the traders have to manage. ENERGA has set strict criteria for risk management, thus protecting the company itself and its clients as well.

The risk of being exposed to the volatile energy prices is managed by the Wholesale Trade Department, using financial products and physical deliveries of energy.


ENERGA’s Participation to the European Power Exchange (EPEX)

ENERGA’s participation to the largest European Power Exchange (EPEX) affirms its credibility as well as its development perspective. A formal evaluation setting the company’s credit rating as the major evaluation parameter considers ENERGA as a healthy and safe company, characteristics that positively influenced its acceptance by the European Power Exchange Market. Energa will therefore trade energy products at the common energy exchange market of France-Austria/Germany-Switzerland, which gives the company an international profile and new prospects for growth and risk management. It is worth mentioning that ENERGA is the only Greek power company which is trading energy products to the common energy exchange. ENERGA was the first Greek company that stated trading electricity with neighboring country Turkey. The company successfully participated in the first contest of import and export rights organized by the Hellenic Transmission System Operator (HTSO), and has already started energy transactions in the Greek system since the first day transactions were permitted. As with most European countries, ENERGA also maintains commercial bonds with Turkey and a large number of producers - suppliers and customers, so as to buy and sell energy at competitive prices.