Gasum and Loiste Energia have entered into an extensive partnership agreement on energy management services with effect from the beginning of April 2022. By outsourcing its energy market process and systems to Gasum, Loiste aims to achieve better returns from the electricity markets and can also focus on its core business.
Gasum and Loiste’s partnership extensively covers energy management services such as sales of electricity production, electricity market portfolio management and brokering services, including market analyses and forecasts as well as balance management and 24/7 control room services. Besides these, Gasum is responsible for the continuous planning and optimization of production at Loiste’s CHP plant and hydropower plants. Gasum’s own systems are used in the provision of services and production plants are automatically controlled in accordance with Gasum’s plans.
“We can now benefit from Gasum’s long experience of operating on the electricity markets. It was great to find a dependable partner who is able to provide comprehensive energy market services to Loiste. Gasum plans our production optimally, places it on the market and looks for the best marketplace, whether SPOT, ELBAS, regulating power or reserve markets for our production. Gasum also manages the finance side, including electricity price hedging, emissions trading and certificates of origin. Gasum has good expertise on which we can reliably do business,” says Timo Haarala, Production Planning Manager at Loiste Energia.
”It’s great to start working closely with Loiste Energia. Partnership is an excellent example of our comprehensive energy market services. Gasum’s services ensure the best possible risk management model for our customers. We are helping Loiste to manage their daily electricity trading process and to predict and manage their risks conveniently also in changing energy market situations,” says Tommy Mattila, Vice President, Industry and Traffic, at Gasum.
Gasum helps its customers in managing energy markets and by providing diverse energy market services. The company also provides climate-friendly alternatives to oil-based fuels and coal, and helps customers to lower their carbon footprint.