ENEA Group gets listed on ICE Futures Europe

ENEA Trading, responsible for wholesale trading in the Group, has just become a member of the international commodity exchange, ICE Futures Europe. ICE Futures Europe is one of the largest power exchanges in Europe. Transactions concluded there include mostly those for oil, gas, coal and allowances for emissions of CO₂.

Membership in the exchange enables not only a direct access to the most liquid European market of allowances for emissions of CO₂, but also making considerable savings. Pursuant to the corporate strategy of ENEA, cost optimisation of hedging activities implemented e.g. through commencing trading operations on ICE is one of the key goals of the Group within wholesale trading.

"We have concentrated all the functions connected with wholesale trade, portfolio management and electricity balance in the Group in one entity, including also purchases of coal, allowances for emissions of CO₂, currencies and proprietary interests. We have been constantly developing within this area, hence e.g. new origination products for the needs of our Customers and preparation to participate in the international energy markets. Membership in ICE is a part of this plan of consistent development of modern trading and of the Group's corporate strategy" – says Grzegorz Kinelski, Vice-President of the Board of ENEA S.A. for Commercial Affairs.

Becoming a Member of ICE exchange was preceded with the conclusion of an agreement with the clearing bank and joining the British transaction repository, DTCC.

ENEA Trading provides services of accessing wholesale markets and portfolio management for companies belonging to ENEA Group. Within the services it concluded hedging transactions dedicated to generating or sales areas, but also performs transactions for own account within the received risk limit.

ENEA Group is one of the leaders of the Polish energy market. It belongs to the group of the largest Polish enterprises and the strongest brands. It integrates the areas of generation, distribution and sales of energy.