Energy trading and RWE
RWE Supply & Trading was one of the first trading companies on the market. More than 1,300 employees in Essen (Germany), London, Swindon (UK) and Prague, as well as at the Essent Trading locations in Geneva (Switzerland) and Den Bosch (Netherlands), are engaged in international trading of electricity, natural gas, coal, oil, biomass and CO2 allowances and the procurement of natural gas for the Group.
About 50 traders follow the movements on the international energy wholesale markets in Essen alone. Since March 2009 they have been working on the new “Energy Trading Floor” – with an area of 3,000 square metres, this is biggest energy trading space in Europe.
Trading for RWE means creating maximum business gains and always keeping both eyes firmly on events taking place now and over the next days, months or years. The traders listen to signals sent by the market through prices but especially through price relationships. From these “price signals” they can create a picture that guides the building of trading positions on the various markets including buying and selling of energy products.
Financial experts alone would not be able to master this multitude of tasks. RWE employs economists, technicians, physicists, mathematicians, humanists and – because weather and climate play such an important part for supply and demand – four meteorologists to work on the trading floor in Essen. Successfully: RWE considers itself market leader in energy trading. In 2014, 1,501 terawatt hours of electricity (1 TWh = 1 billion kilowatt hours) were traded by RWE.
Essent acquisition consolidates RWE’s leading position in European energy trading
With the acquisition of Dutch electricity and gas supplier Essent Trading, RWE’s trading volume for electricity increased by 225 TWh to 1,425 TWh, for gas by 13 billion m3 to 53 billion m3 and for coal by 100 million tons to 230 million tons.
This is a leading position in European energy trading. RWE Supply & Trading has been active on all significant trading markets in Eastern and Western Europe since Essent trading was integrated and is now in an even better position to ensure fuel procurement at market prices.
The energy trading floor in numbers