Elia Transmission Belgium
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Elia Transmission Belgium
Elia is a Belgian transmission system operator for high-voltage electricity (30,000–380,000 volts), located in Brussels, Belgium. It operates in Belgium and Germany. The company transmits electricity from generators to distribution system operators, which then supply SMEs and homes. Elia also has contracts with major industrial users that directly connect to its high-voltage grid. Elia's main activities include managing grid infrastructure (maintaining and developing high-voltage installations), managing the electrical system (monitoring flows, maintaining the balance between electricity consumption and generation 24/7, importing and exporting to and from neighbouring countries) and facilitating the market (developing services and mechanisms with a view to developing the electricity market at national and European level). Elia Group also offers consulting and engineering services through a subsidiary Elia Grid International (EGI), founded in 2014. History Elia was created as ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Vattenfall
Vattenfall is a Swedish multinational power company owned by the Swedish State. Beyond Sweden, the company generates power in Denmark, Finland, Germany, the Netherlands, and the United Kingdom. The company's name is Swedish for "waterfall", and is an abbreviation of its original name, Royal Waterfall Board (''Kungliga Vattenfallstyrelsen''). History Vattenfall (then called ''Kungliga Vattenfallsstyrelsen'' or Royal Waterfall Board) was founded in 1909 as a state-owned enterprise in Sweden. From its founding until the mid-1970s, Vattenfall's business was largely restricted to Sweden, with a focus on hydroelectric power generation. Only in 1974 did the company begin to build nuclear reactors in Sweden (the Ringhals 1 and 2 reactors), eventually owning seven of Sweden's 12 reactors. In 1992, Vattenfall was reformed as the limited liability company Vattenfall AB. At the same time, the transmission grid (220 kV and 400 kV lines) was transferred to the newly formed state agency Svens ...
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EDF Luminus
Luminus (former names: ''Société productrice d'électricité'', SPE, SPE-Luminus, and EDF Luminus) is the second largest electricity producer and energy supplier on the Belgian energy market. Its main shareholder is Électricité de France with a 68.6% stake. History The company was established as municipalities joint utility ''Société productrice d'électricité'' (SPE) in 1978. In July 2008 Centrica acquired its majority stake in SPE by buying out Gaz de France. In 2009, Centrica sold its shares to EDF. In September 2010, SPE Luminus as a subsidiary of EDF, took over the sales activities of EDF Belgium. Grégoire Dallemagne took up office as CEO on 1 September 2011. On 23 November 2011, the company was renamed EDF Luminus to become Luminus in April 2019. Operations Luminus sells electricity and gas to 1.8 million private and professional customers, bringing its commercial market share to more than 20%. The company has approximately 2,000 employee ...
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Euronext
Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services. Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, derivatives, commodities, foreign exchange as well as indices. In December 2021, it had nearly 2,000 listed issuers worth €6.9 trillion in market capitalisation. Euronext is the largest center for debt and funds listings in the world, and provides technology and managed services to third parties. In addition to its main regulated market, it operates Euronext Growth and Euronext Access, providing access to listing for small and medium-sized enterprises. Euronext's commodity market includes the electric power exchange Nord Pool, as well as Fish Pool. Post-trade services include clearing performed by Euronext's multi-asset clearing house, Euronext Clearing, as well as custody and settlement performed by Euronext's central securities depo ...
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Nord Pool Spot
Nord Pool AS is a pan-European power exchange. Nord Pool has a main office in Oslo and further offices in Stockholm, Helsinki, Tallinn, Berlin and London. The company is owned by the European exchange operator Euronext as well as TSO Holding, which represents the continental Nordic and Baltic countries' transmission system operators (TSOs: Fingrid, Energinet, Statnett, Svenska Kraftnät, and Litgrid). Nord Pool has two subsidiaries, Nord Pool AB and Nord Pool Finland Oy. History 1932-1991: Norwegian origins Nord Pool traces its origin to ' (lit. the ''Coordination Association''), a power exchange formed by eastern Norwegian electricity companies in 1932 on the initiative of Augustin Paus, and which soon encompassed all the electricity companies in eastern Norway. In 1971 the exchange merged with the regional exchanges in other parts of Norway, and became ' (literally the ''Coordination of Power Stations in Norway''), with 118 power companies as members as of 1988. 1991-20 ...
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European Market Coupling Company
European Market Coupling Company, EMCC or emcc, is a provider of congestion management services for cross-border electrical interconnectors. This is done by means of ''market coupling'', in particular ''tight volume coupling''. EMCC is a joint venture of the following transmission system operators (TSOs) and electricity exchanges (PXs) in North-Western Europe: Energinet.dk, TenneT TSO GmbH, 50Hertz Transmission GmbH, European Energy Exchange AG, Nord Pool Spot AS. It was established in Hamburg, Germany, in August 2008. Purpose and functioning The purpose of EMCC is to promote an efficient electricity market between regions by using market coupling and to promote the integration of a Europe-wide wholesale electricity market. EMCC calculates optimal electricity flows, based on available transmission capacities (ATC) from the TSOs and anonymous order books (OBK) from the exchanges. Afterwards, EMCC places market coupling bids at the PXs in order to achieve a power flow fro ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ...
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APX-ENDEX
APX Group (APX) is an energy exchange operating the spot markets for electricity in the Netherlands, the United Kingdom, and Belgium. Established in 1999, APX provides exchange trading, central clearing and settlement, and data distribution services as well as benchmark data and industry indices. APX has over 180 members from more than 15 countries. In 2014, a total volume of 92 TWh of energy was traded or cleared by APX. APX offices are located in Amsterdam, Brussels and London. History In May 1999, trading started at the Amsterdam Power Exchange (APX). It was the first electricity exchange market in Continental Europe. In 2000, the UK's first independent power exchange UKPX (now APX Power UK) was established followed by launch of APX UK electricity spot market in 2001. UKPX was acquired by APX in 2004. ENDEX was acquired by APX Group in 2008 and the integration was completed in 2009. After merging the APX Group and ENDEX a new name APX-ENDEX was introduced. In 2005, ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 1948, ...
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Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ...
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European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are then ...
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