Connecting producers, suppliers and consumers to wholesale energy markets, Danske Commodities cooperates closely with a range of different players in the energy markets – from owners of large wind farms to exchanges and transmission system operators. Below you can see what our partners say about us.
Péter Tóth, CEO, HPUX
The Hungarian Power Exhange (HUPX) was launched in July 2010 as part of the liberalisation of the Hungarian energy sector, and currently 58 companies from 19 countries trade on the exchange.
Danske Commodities entered the Hungarian market shortly after the launch of HUPX in 2010, and our trading activities on the exchange have increased year by year, contributing to the liquidity of the exchange.
“Danske Commodities is a valued member of HUPX and is always an active partner in developing plans and actions to increase liquidity. With its young, innovative and energetic approach to trading in the European energy markets, the company is an example for all traders across Europe. Without them, the liquidity and dynamics of the markets and the cross-border energy flows would not be as efficient and economical as they are today,” says Péter Tóth.
Beatrice Offshore Windfarm Limited
Steve Wilson, Project Manager, Beatrice Offshore Windfarm Limited.
The offshore wind farm Beatrice off the coast of Scotland will be operational in 2018/2019.
Danske Commodities has signed a 15-year Power Purchase agreement to handle all forecasting and trading for 294 MW, equivalent to 50% of the park’s production. The PPA is Danske Commodities’ first long-term balancing contract in the UK market, and it builds on our experience in structuring PPAs in several European markets.
“We are pleased to have signed a PPA agreement for 50% of the Beatrice Offshore wind farm marking another positive milestone for the development. Danske Commodities structured a flexible and competitive solution that met our needs and we look forward to working with them as the project progresses,” says Steve Wilson, Project Manager at Beatrice Offshore Windfarm Limited.
Alberto Marcon, Director, Whysol Investments
Whysol Investments I S.p.A. is the holding company of an 89 MW wind portfolio joint venture between Whysol Investments, an independent investment company specialising in energy infrastructure in Italy and in early stage innovative tech ventures in international markets, and VEI Green, an investment company dedicated to the renewable energy sector in Italy with over 200MW of installed capacity in photovoltaic and wind power.
Danske Commodities trades the power produced by Whysol Investments I S.p.A.’s wind assets in the European energy markets – a partnership that took its beginning in 2015 and is now as strong as ever.
“A long-term partnership creates a strong relationship between companies. We truly appreciate Danske Commodities’ dedication to its clients and the personal attention they have always shown us, and we continue to be impressed by Danske Commodities’ efficiency, diligence and ability to adapt to our specific needs. In particular, Danske Commodities has been really supportive in the context of recent extraordinary transactions which required a review of existing PPAs”, says Alberto Marcon, Director at Whysol Investments.
Jean-François Conil-Lacoste, Chairman of the EPEX SPOT Management Board.
EPEX SPOT is the exchange for the power spot markets at the heart of Europe. The exchange covers Germany, France, the United Kingdom, the Netherlands, Belgium, Austria, Switzerland and Luxembourg and operates the short-term electricity markets with actual physical fulfilment providing liquidity and flexibility to energy markets. The products developed by EPEX SPOT answer the markets’ growing need for flexibility, needed more and more in particular on the Intraday market in times of increasing input of renewable energies into the grid.
Danske Commodities has traded on EPEX SPOT since 2006 and was ranked as number 10 among the 230 EPEX members according to trading volumes at EPEX SPOT in 2016.
“Danske Commodities is an essential actor in electrical power trading. The shared values of a power market without borders and the dedication and expertise regarding renewables and their integration into the market are only two examples illustrating the pioneer spirit and the foresight implemented by Danske Commodities throughout their trading activity,” says Jean-François Conil-Lacoste
Luis de Miguel, Managing Director, ArcelorMittal Energy
Headquartered in Luxembourg and formed in 2006, the multinational steel manufacturer ArcelorMittal is among the 100 biggest corporations in the world.
Since 2014, Danske Commodities has engaged in a close co-operation with ArcelorMittal in order to extract the most value out of available opportunities in energy markets.
“Thanks to Danske Commodities we are exploiting market volatility instead of avoiding it, thereby creating additional revenue by harvesting the benefits of Europe’s volatile energy markets. Danske Commodities’ guidance and service consistently exceed our expectations,” says Luis de Miguel, Managing Director, ArcelorMittal Energy.
Dirk Goebels, Commercial Manager at Fluxys TENP
The main focus of Gas Transmission System Operator Fluxys is to foster the integration of the European gas market. This is done through the development of a cross-border infrastructure and capacity backbone.
Trading gas in 22 markets, Danske Commodities works closely together with natural gas transmission system operators (TSOs) all over Europe. One of them is Belgium-based Fluxys.
“With TSOs increasingly providing bidirectional capacity between markets across Europe, trading is the lubricant making gas prices converge across markets and helping the European integrated gas market to take shape. As gas trading continues to intensify, it adds liquidity and depth to the markets and creates robust price markers for gas,” says Dirk Goebels
ARC: Amager Ressource Center
Kirstine Hansen, Market Manager
Located in Copenhagen, Amager Ressource Center’s (ARC) waste-to-energy plant turns burnable waste into power and district heating, and thereby contributes to a better climate and environment for future generations.
Danske Commodities handles ARC’s production balancing and optimises its production by trading the power produced.
Niels Dupont, CEO, Vindenergi Danmark
Vindenergi Danmark is an independent cooperative managing the financial interests of wind turbine owners in energy markets and working to ensure the best possible prices for the power produced by its members.
Vindenergi Danmark and Danske Commodities work closely together, combining the deep knowledge that Vindenergi Danmark has about its members with Danske Commodities’ market access and insights. This collaboration brings the benefits of economies of scale, innovative product offerings and effective risk mitigation to the members of Vindenergi Danmark.
“The long-standing cooperation means that we have been able to automate our data flows over time, ensuring robust and cost-efficient administration, even with many wind turbines in our portfolio,” explains Niels Dupont, CEO of Vindenergi Danmark.
Ane Rask, Head of Energy Trading, Energi Fyn.
Energi Fyn provides power and gas to both big companies and private households, and they participate actively in the development of sustainable energy including solar cells, wind turbines, heat pumps and electric cars. Furthermore, Energi Fyn owns and operates a supply network that covers the majority of the Danish island Funen.
The co-operation between Danske Commodities and Energi Fyn started off in 2011 and today it includes a wide range of Danske Commodities’ core products and services from risk handling over market intelligence, consumption balance handling and portfolio management for both private consumers and business clients to product development services.
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Our core business has always been energy trading. We currently trade in more than 30 countries, specialising in renewable energy and emerging markets.
Trading activities are the engine of our business, while our trading capabilities also enable us to offer a range of flexible, value-adding services.
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