From the beginning of 2016 Energijos tiekimas has started trading and market making activities on the Nasdaq Commodities, international commodities exchange
Lithuanian power supply and trading company has joined power derivatives exchange Nasdaq Commodities. The company is the only Lithuanian electricity supplier active on this exchange. Energijos tiekimas expanded its activities into wholesale power trading after it had acquired part of this business from Lietuvos energijos gamyba.
‘The expansion into wholesale power trading activities will help the company to respond faster to any changes in the market, assess future prices more precisely and offer our customers competitive products which are tailored to meet their specific needs,’ said Vidmantas Salietis, CEO of Energijos tiekimas.
According to Mr Salietis, financial derivatives usually are used as a hedging tool that reduces the risks of electricity price fluctuations. In addition to trading financial power derivatives Energijos tiekimas will be a market maker for derivatives linked to Latvian market prices (EPAD Riga).
Nasdaq Commodities offers trading and clearing in Nordic, German, Dutch, UK and Baltic power contracts as well as Electricity Certificates, Carbon, Natural Gas, Freight, Fuel Oil, and Seafood.
About Energijos tiekimas UAB
Energijos tiekimas UAB, part of Lietuvos energija group, is the largest Lithuanian power trading and supply company. The company currently supplies electricity to more than 6000 end customers and is the only certified supplier of electricity produced in Lithuania from renewable sources. In 2016 company expanded its business activities into wholesale power and derivatives trading and as well as provision of balancing, portfolio management and generation optimization services. Energijos tiekimas also carries out activities in Latvian and Estonian electricity supply markets where it operates under the name of Geton Energy.