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Company >
advanced energy trading GmbH (aet) was founded in 2007 with the aim to start a competitive commodity trading business in the European energy markets. Standard trading and tailor made solutions in power, gas and related commodities are the core activities of our strategy.
Our goal is to compete at the highest market level by performing efficient and effective management of a complex cross commodity portfolio. We believe that this goal requires an advanced approach which maximises value of commercial and technical skills in an integrated platform for analysis, trading and risk management.
Our strength lies in our multinational team of skilled professionals with a long term track record in energy markets. The company’s culture encourages team work, skills- and personal development.
Business Activities >
advanced energy trading GmbH focuses on European energy commodity markets:
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Vision >
advanced energy trading GmbH is a well established and recognised trading house. We are setting standards for successful commodity trading.
Our values are:
- Professionalism
- Reliability
- Integrity
- Transparency
Mission >
advanced energy trading GmbH is an active risk taker in European energy commodity markets.
We are the competent trading partner in energy commodities and tailor made product solutions.
News >
New European trading house emerges
(Montel Powernews) - Advanced Energy Trading (AET), which is currently active in the power market, is planning to trade gas and energy-related commodities by the end of the year.
The Munich-based company, a subsidiary of the Solutions for Energy (S4E) group, is spearheaded by managing director Steffen König and head of trading Uwe Bode, both of whom former traders at E.ON Energy Trading. They were approached by AET’s shareholders who wanted to build up a new European trading house.
S4E, which is already active in several areas of the energy business with its roots in central and eastern Europe, had been missing its own trading floor, particularly with view to the liquid west European markets.
“I see great potential for trading in power and power-related commodities in Europe,” König told Montel Powernews. “Energy markets are developing more and more towards liquidity and transparency, reducing the benefits of owning your own assets,” he is convinced, stressing that more flexibility and integrated trading strategies were needed to succeed in the market.
“This is best achieved through small, independent trading teams and we are trying to combine these necessary skills in the way we are building up our team,” the managing director continued, saying that employee numbers at AET were currently growing by the month – around 20 at the moment, with a team of 30 expected in place by the end of the year.
European focus
Since starting up in January, AET has been trading for its own accounts, concentrating on setting up power trading processes. “Gas trading will follow soon and since a part of our business strategy is based on integrated trading strategies, e.g. cross commodity, we will trade other commodities such as coal, oil and CO2 allowances as well,” König explained.
At the moment, trading is handled via a group of four brokers but registration for membership on the EEX is already underway, a process König hopes will be completed in a couple of weeks. “We also plan to take up trading on Nord Pool, Endex and PXE by the end of year,” he continued, saying that the international trading team allowed for a comprehensive Europe-wide focus. However, the regions that AET would become active in were to be selected according to profitability aspects.
Dow Jones TradeNews Energy – Strom
MÜNCHEN (Dow Jones)--Die advanced energy trading GmbH (aet)in Pullach bei München hat diese Woche das Handelsgeschäft am deutschen Strommarkt aufgenommen. „Wir sind jetzt im Handel aktiv“, sagte Handelsleiter Uwe Bode am Dienstag im Gespräch mit Dow Jones TradeNews Energy. Geschäftsführer bei aet ist Steffen König. König und Bode kommen von E.ON Sales & Trading, wo sie die Leitung des Energiehandels bzw des strukturierten Energiehandels inne hatten. Seit 1. Januar 2008 bauen sie das Handelsgeschäft bei aet auf.
„Wir sind vorerst im reinen Handelsgeschäft auf eigenes Konto aktiv“, erklärte Bode die Geschäftstätigkeit. Zunächst werde sich das Unternehmen auf den Standardhandel (Base/Peak) über die gesamte Kurve des deutschen Strommarktes konzentrieren, demnächst sei dann noch die Aufnahme des Fahrplanhandels geplant. Neben dem Einstieg in strukturierte Produkte im Strommarkt befinde sich auch die Aufnahme des Handels am deutschen Gasmarkt in der Umsetzungsphase. Der Handel in anderen Strommärkten, Emissionsrechten, Kohle und Öl soll zu einem späteren Zeitpunkt folgen.
Die advanced energy trading GmbH ist eine Tochter der Solutions for Energy(S4E) Group, der auch Ostelektra mit Sitz in Deutschland, die tschechische V-Elektra, die polnische Jes Energy sowie die ungarische Elektra Energia gehören. „Ostelektra ist nicht mehr im Energiehandel aktiv“, erklärte Bode weiter. Das Schwesterunternehmen werde sich nun ausschließlich dem Projektgeschäft widmen, die Handelsaktivitäten würden komplett von aet übernommen.
Torsten Wolf
DJG/tow/6.5.2008
Exclusive
Former E.ON execs launch European energy trading outfit (Source: Sparkspread.com dd. Feb. 01, 2007)
Steffen Koenig and Uwe Bode, the former heads of energy trading and structured energy trading, respectively, at E.ON Sales & Trading, are launching a new energy trading company that will focus on structured energy trading in mainland Europe.
Koenig and Bode resigned from E.ON towards the end of last year and began setting up Advanced Energy Trading (AET) near Munich last month, says a source. Koenig is managing director of AET, while Bode will head up trading.
An official at AET declined comment.
AET is presently recruiting a team of traders, marketers and middle and back office staff; and putting in place trading lines and trading systems.
AET hopes to begin trading the German power and gas markets in April; and plans to expand into emissions, coal, freight and oil.
The company will trade physical and financially settled contracts, says the source.
