Germany’s EON Creates New Gas and Power Trading Unit
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German utility EON SE is setting up a new European trading business in an effort to tap opportunities in the region’s natural gas and electricity markets.
The business, called EON Energy Markets, aims to boost the group’s portfolio management, with focus on linking to and supporting retail companies, EON said in a statement. The utility will also build a trading function covering products such as green electricity and gas, power purchase agreements and long-term supply contracts.