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In line with its strategy, the energy company Gasum is expanding its role in the Nordic power market by becoming a member of the Nordic power exchange of Nasdaq OMX. The membership provides Gasum Ltd with access to direct trading in the power derivatives market.
In recent years, Gasum has been investing purposefully in building the Nordic gas ecosystem. In addition to the gas market, Gasum also aims to respond to customers’ energy needs by operating in an active role in the power market, too.
"Membership in the Nordic power exchange is one step for Gasum in our action to strengthen our role as a Nordic energy company. Gas provides a strong foundation for our company, and in recent years we’ve been investing in the development of the LNG as well as the biogas market and in building the Nordic gas ecosystem. By assuming an active role in the power market, too, we’ll be able to act even better as our customers’ strategic partner when seeking solutions towards a carbon-neutral society", says Gasum CEO Johanna Lamminen.
Nasdaq OMX Commodities is a marketplace for derivatives that can be used to hedge power prices against future market risks.
Gasum’s offering supported by Energy Market Services
In recent years, Gasum has been building its position systematically in the power market. In an acquisition completed in 2018, Finland’s leading company providing energy market services became part of the Gasum Group. Operating as part of Gasum’s Energy Market Services, Gasum Portfolio Services offers its customers power market risk management and portfolio management services, managing an annual total of around 20 terawatt hours of power on behalf of customers. Operating under an investment service authorization, Gasum Portfolio Services is also a member of Nasdaq OMX.
Gasum Energy Market Services also cover physical power services and services such as the 24/7 Control Room service monitoring market developments and customers’ power balance fluctuations. Gasum Ltd participates in the power market by trading in power market products with its partners and customers.
"We have a unique position in the energy market as a broad-scale actor and expert. This helps us serve our customers sustainably in a changing operating environment and utilize the potential available in energy sourcing and market comprehensively", Johanna Lamminen sums up.
For more information please contact:
Johanna Lamminen, Chief Executive Officer, Gasum
Phone: +358 20 44 78 661 (Henna Walker, Executive Assistant), henna.walker(a)gasum.com
Olga Väisänen, Vice President, Communications, Gasum
Phone: + 358 40 554 0578, olga.vaisanen(a)gasum.com