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14.05.2020  

Gasum Portfolio Services partners with Keravan Energia in portfolio management

Energy companies Gasum and Keravan Energia have complemented cooperation with a portfolio management agreement. Keravan Energia is a local energy company which owns a district heat and electricity grid in the Kerava and Sipoo area and sells electricity throughout Finland. Cooperation will ensure the predictability of managing electricity price risks in respect of electricity sales portfolios.

In its portfolio management, Keravan Energia has earlier used a software solution designed by IntStream, a Gasum Group company, to manage risks in the electricity market.

“We outsourced our portfolio management to Gasum because we wanted to ensure the availability of sufficient competent resources in the challenging situation of change on the electricity market. We believe that Gasum is well placed to provide the service we require,” says Johanna Haverinen, Director, Customer Relations, Keravan Energia.

Recent years have seen Gasum invest heavily in expanding its business also into the power market alongside the company’s traditional cornerstone of gas. Gasum Portfolio Services, which is responsible for portfolio management, market analysis and physical market services, is part of Gasum energy market services. Energy market services also helps companies to achieve carbon neutrality by, for example, brokering Certificates of Origin for electricity.

“This agreement with Keravan Energia shows the trust placed in Gasum’s solutions and expertise. It’s rewarding to find new opportunities for cooperation with a familiar partner,” says Tea Kiukas, Managing Director, Gasum Portfolio Services.

Gasum is a long-standing partner of Kerava Energia also in the supply of gas. Keravan Energia seeks to provide its customers with a diverse range of energy. The company withdrew from using coal back in 2001 and is investing heavily in solar power production.

A wholly-owned company of the energy company Gasum, Gasum Portfolio Services is the Finnish market leader in the provision of electricity market portfolio management services. Gasum Portfolio Services holds an authorization, granted by the Finnish Financial Supervisory Authority, under the Act on Investment Services.

More information:
 

Tea Kiukas, Director, Gasum Portfolio Services
Tel.+358 40 5888595, forename.lastname@gasum.com

The energy company Gasum is a Nordic gas sector and energy market expert. Gasum offers cleaner energy and energy market expert services for industry and for combined heat and power production as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their customers. Together with its partners, Gasum promotes development towards a carbon-neutral future on land and at sea. The Gasum Group has around 350 employees in Finland, Norway and Sweden. The company’s revenue totaled €1,128 million in 2019. Gasum is owned by the State of Finland. www.gasum.com