Published
11 January 2021
EDF Trading joins Route4Gas
With EDF Trading, London, another major energy company in the European Gas Markets joins Route4Gas
Now with a total of fourteen signed Client Agreements, the startup Route4Gas looks back on a successful year. Georg Giokas, Lead Sales Trader, said: “To have EDFT onboard shows the market we are on the right way. This company is one of the major leaders in the international wholesale energy markets and known as being very innovative in its transactions.”
Through Route4Gas, the gas market can manage portfolios more efficiently, reduce costs, and increase market opportunities while boosting liquidity. Using the Route4Gas app, participants input their overall transport, storage, and trading positions from across the entire European gas market in a single round. An algorithm then determines the possible day-ahead or weekend transactions between the traders, considering the locations of all parties involved. At the end of the calculation, the participants close the deals bilaterally according to the specifications of the algorithm. Route4Gas went live on 1st September 2020. So far their customers have achieved a matching rate up to 61% per round, being active on eleven hubs. To date, users have entered more than 3,8 TWh of DA volumes in our system.
Now with a total of fourteen signed Client Agreements, the startup Route4Gas looks back on a successful year. Georg Giokas, Lead Sales Trader, said: “To have EDFT onboard shows the market we are on the right way. This company is one of the major leaders in the international wholesale energy markets and known as being very innovative in its transactions.”
Through Route4Gas, the gas market can manage portfolios more efficiently, reduce costs, and increase market opportunities while boosting liquidity. Using the Route4Gas app, participants input their overall transport, storage, and trading positions from across the entire European gas market in a single round. An algorithm then determines the possible day-ahead or weekend transactions between the traders, considering the locations of all parties involved. At the end of the calculation, the participants close the deals bilaterally according to the specifications of the algorithm. Route4Gas went live on 1st September 2020. So far their customers have achieved a matching rate up to 61% per round, being active on eleven hubs. To date, users have entered more than 3,8 TWh of DA volumes in our system.