EPEX SPOT SE is a company with a two-tier governance system consisting of the Management Board and the Supervisory Board. It is held by EEX Group and HGRT and has two additional Exchange bodies, the Exchange Council and the Market Surveillance office.
EPEX SPOT SE
EPEX SPOT is operated by EPEX SPOT SE which is a European company (Societas Europaea or SE). EPEX SPOT SE is incorporated in France, but the rules that are applicable to it are defined at European level. The foundation of a Societas Europaea (SE) allows companies incorporated in different member states to merge or form a holding company or joint subsidiary, while avoiding the legal and practical constraints arising from the existence of different legal systems.
The shareholders appoint a Supervisory Board, composed of outstanding actors of the European energy sector, which elects the Management Board. While the Management Board is responsible for commercial, economic and operational decisions, the Supervisory Board approves the strategy and budget of the company, controls the actions of the management and elects the Management board. The creation of the Supervisory Board supports EPEX SPOT’s work on the integration of the European power market and takes into account the increasing number of collaborations of European and international scale.
The members of the Supervisory Board are:
- Mr Dietmar Beck, Senior Advisor European Markets and Congestion Management at Amprion GmbH;
- Mr Jean-François Conil-Lacoste, President of PELOUPIA SASU
- Mr Olivier Grabette, Executive Vice-President of RTE;
- Mr Thomas Karall, Chief Financial Officer of Austrian Power Grid AG (“APG”);
- Mrs Anja Kiessling, Chief Financial Officer of European Energy Exchange AG
- Dr Egbert Laege, Member of the Management Board of EEX;
- Mr James Matthys-Donnadieu (First Deputy Chairman of the Supervisory Board), Head Market Development of Elia
- Dr Dr Tobias Paulun (Second Deputy Chairman of the Supervisory Board), Chief Strategy Officer of European Energy Exchange AG;
- Mr Peter Reitz (Chairman), Chief Executive Officer of EEX and European Commodity Clearing AG (“ECC”);
- Mr Hans E. Schweickardt, Vice Chairman of the Supervisory Board of Polenergia Holding;
- Mrs Yvonne Visser-Stam, Head of Compliance and Integrity Officer at Tennet TSO BV
- Mr Yves Zumwald, Chief Executive Officer of Swissgrid AG.
The Exchange Council of EPEX SPOT is an official body of the Exchange. 26 members and 7 permanent guests represent adequately the diversity of economic and corporate profiles that exists among the Exchange Members: Utilities and aggregators, trading companies, local suppliers and consumers, transmission system operators, banks, financial service providers, clearing banks and academics. This diversity reflects the objective of providing an efficient and competitive market in Europe.
Its missions include in particular the adoption of the Exchange Rules and the Code of Conduct of EPEX SPOT and their amendments. The Exchange Council approves new trading systems as well as new products or market areas and approves the appointment of the Head of the Market Surveillance. The body makes sure that the services and products of the exchange correspond to the needs of the market and that they can be implemented in legal and operational terms. It meets up quarterly.
By establishing an Exchange Council, EPEX SPOT has opened a permanent two-way street of interacting with our customers.
Members of the EPEX SPOT Exchange Council
The group of Utilities and Aggregators will be represented by:
- Alpiq SA: Pierre Guesry, Project Manager Strategy & Participation
- Compagnie Nationale du Rhône: Rémi Perrin, Head of Trading
- Total Direct Energie SA: Antoine Bourdon, Head of Trading
- EDF Trading Limited: Arnaud Luboinski, Head of French Power Trading
- Edison S.p.A.: Andrea Siri, Head of Power Origination
- EnBW AG: Dr. Bernhard Walter, Head of Market Design and Regulatory Affairs
- Eneco Energy Trade B.V.: Lucien J.W. Wiegers, Commercial Director, Head of Trading, Asset & Portfolio Management
- Enel Trade S.p.A: Dr. Nigel Hawkins, Head of Power and Fuel Portfolio Management
- Engie SA: Vincent Verbeke, Head of Energy Transition Services and Short Term Power
- RWE Supply & Trading GmbH: Paul Dawson, Head of Regulatory Affairs
- Statkraft Markets GmbH: Andreas Bader, Vice President Sales & New Products
- Uniper Global Commodities SE: Michael Bonde, Lead Trader
- Vattenfall Energy Trading GmbH: Marcus Bokermann, Director Prompt Power Trading Markets
- VERBUND Energy4Business GmbH: Mag. Manfred Knabl, Head of Trading
The group of Trading companies will be represented by:
- Danske Commodities A/S: Anders Kring Jensen, Director, Head of Intraday Power Trading
- Energi Danmark A/S: Thomas Bjorn Houlind, Director Markets
- In Commodities A/S: Jesper Severin Johanson, CEO
- MFT Energy P/S: Çağdaş Ozan Ateş, CEO
- TrailStone GmbH: Cédric Le Tallec, Head of Short Term Power Trading
The group of Local Suppliers and Consumers will be represented by:
- Enercity (former Stadtwerke Hannover AG): Dr. Jan Sierig, Head of Markets
- EWE Trading GmbH: Dr. Michael Redanz, Managing Director
- MVV Trading GmbH: Stefan Sewckow, Managing Director
The group of TSOs will be represented by:
- Amprion GmbH: Ralf Lonsdorfer, Head of Frontoffice and System Planning
- Austrian Power Grid: Prof. Mag. Manfred Pils, Senior Advisor
- RTE: Audrey Mahuet, Head of Transparency and Data
The group of Banks, Financial Service Providers and Clearing Banks will be represented by:
ABN AMRO Clearing Bank N.V.: Vincent van Lith, European Head of Energy
- 50Hertz Transmission GmbH: Dr. Dirk Biermann, Managing Director, Chief Markets and System Operation Officer
- Elia: Benjamin Genêt, Head of EU Market Integration
- Enedis: Sandrine Chevalier, Head of Flexibility Mechanism Department
- European University Institute: Leonardo Meeus, Professor
- Swissgrid AG: Dr. Jörg Spicker, Senior Strategic Advisor
- Tennet TSO GmbH: Carsten Pflanz, Head European Integration Projects
- TransnetBW GmbH: Pavel Zolotarev, Head of Trading
Exchange Council Elections 2021
The mandate of the current Exchange Council is due to end in May 2021; therefore, elections are taking place to elect new members. The electoral procedure is defined in Annex 1 of the Exchange Rules of EPEX SPOT.
Presentation of Candidates and Registry of Voters
We are pleased to present herewith the list of candidates as well as the registry of voters.
The elections will be held by electronic vote from 7 until 28 May 2021. On 7 May, all registered voters will receive an e-mail inviting them to cast their votes.
As a reminder, voters are authorised to vote for candidates in the category they represent. The total number of votes is equal to the number of seats. Seats will be allocated to candidates per category according to the principle of proportional majority. In case of voting tie, the elderly candidate will be elected.
The results of the elections will be communicated to EPEX SPOT members and will be published on the website on 31 May 2021.
The first meeting of the newly elected Exchange Council is scheduled to take place on 23 June 2021. Given the current status of the sanitary situation linked to Covid-19, the meeting will very likely be held as a videoconference.
Should you have any question regarding the election of the EPEX SPOT Exchange Council, don’t hesitate to send an e-mail to: email@example.com.
Presentation of Candidates and Registry of Voters
EPEX SPOT’s equity capital is divided between EEX Group (51%) and HGRT (49%), a holding composed of the Transmission System Operators Amprion, APG, Elia, RTE, Swissgrid and TenneT. This shareholder structure illustrates that EPEX SPOT is as inclusive of as many interests as possible.