Geton Energy joined Nasdaq Commodities OMX in Scandinavia
Geton Energy, the company of the group of energy companies of Lietuvos Energija since 2017 operating on the wholesale electricity market of Poland, has joined Nasdaq Commodities OMX exchange in Scandinavia. This way, the Company is expanding the wholesale electricity trading portfolio in the region.
'One of the goals established in the Strategy LE 2030 of Lietuvos Energija is the expansion in the European markets. By strengthening our positions in Poland, we can also expand activities in other European countries; therefore, we start trading on the wholesale market of Scandinavia. This will help diversify our wholesale electricity trading portfolio and expand the geographic coverage of our operations', says Diana Kazakevič, Regional Manager of Lietuvos Energija for Poland and the Chairwoman of the Board of Geton Energy.
According to her, experience of trading in electricity and derivative instruments gained in Poland will also contribute to the enhancement of competences of the Group companies operating in Lithuania.
Lietuvos Energija Group companies are present on Nasdaq Commodities OMX exchange since 2016 when Energijos Tiekimas joined it and became the only Lithuanian supplier of electricity active on this market.
At present, Nasdaq Commodities OMX exchange trades in financial instruments linked with electricity prices in Scandinavia, Germany, Netherlands, UK and Baltic States. This exchange also trades in electricity certificates and derivative instruments of coal, natural gas, fuel oil and marine resources.
Operations of Lietuvos Energija Group in Poland will continue actively contributing to the development of the plans of expansion in the neighbouring countries. Geton Energy operating on this market was registered in June 2017 and now engages in wholesale electricity business in Poland.