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Energy trading
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Energy price fluctuations on European markets can have a major impact on large-volume buyers and sellers such as GDF SUEZ and its key account clients. GDF SUEZ Trading, a wholly-owned Group subsidiary, is active on the energy markets, contributing to securing the Group’s revenues and optimising its industrial assets and resources portfolio, as well as offering clients price-risk management solutions.
Supporting the Group's strategy and its clients
In an increasingly complex and competitive energy environment, GDF SUEZ needs a strong presence and fast response on the energy markets: gas, electricity, oil and oil products, coal and emissions.
GDF SUEZ Trading, a wholly-owned subsidiary, gives the Group an integrated trading platform to:
- access and trade on the wholesale markets,
- manage price volatility, differentials between types of energy, market places and maturities,
- work with the Group’s portfolio managers to help them take the best execution and timing decisions,
- build risk management offers to hedge exposure to energy price fluctuations.
GDF SUEZ Trading: a new unified structure
Created in May 2011 from the merger of Gaselys and Electrabel’s trading activities, GDF SUEZ Trading is a wholly-owned Group subsidiary. It combines the expertise in physical and financial trading of these two organiszations which have been operating on the market for over ten years and which are highly complementary in terms of market coverage.
Its missions are to:
- provide physical and financial market solutions for the Group entities responsible for optimising its assets (gas and electricity production, transmission and storage capacity, etc.),
- design and deploy – in close collaboration with GDF SUEZ marketing teams – a price engineering offer to meet the needs of clients, especially key industrial accounts,
- develop its own activities, by implementing trading strategies and service offers for all types of market players, upstream to downstream.
A solid set-up for ambitious objectives
With the creation of this new structure, GDF SUEZ is aiming to build a European leader in energy trading with international footpring, a center of market innovation and expertise for the Group. GDF SUEZ Trading has the resources to underpin its ambitious yet controlled development:
- approximately 400 trading professionals, front office teams and specialised support teams,
- platforms in Paris and Brussels relayed by a commercial presence in Berlin, Prague and Bucharest, and establishment in Singapore,
- excellent guarantees for clients and counterparts in terms of risk control, application of business practices in line with banking standards and capital adequacy:
- supervision by French ACP (the French Prudential Control Authority), in coordination with Belgian FSMA (Financial Services and Markets Authority),
- funding allocation of 1 billion euros, consistent with the expected growth in activity.
GDF SUEZ Trading is directed by Pierre Chareyre; its Board of Directors is chaired by Jean-François Cirelli, Vice-Chairman, President of GDF SUEZ.
