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Elia and TenneT consolidate exchanges The Belgian and Dutch transmission system operators say that they have made an important step towards the creation of a single electricity market in north-west Europe through the consolidation of two electricity exchanges in the region. Elia and TenneT have agreed to transfer their stakes in Belgian energy exchange Belpex to APX-Endex, the Netherlands-based energy exchange. At the same time, Belgium's Elia is to acquire a 20 per cent stake in the capital of APX Group, of which TenneT is the primary shareholder. Elia has called the move a "win-win" situation that will help to fulfil its role of acting as a pioneer in the development of the European electricity market. The company will also have a say in APX-Endex's management bodies and will be invited by TenneT to acquire a 20 per cent stake in APX-Endex, with the option of increasing this to 25 per cent. Belpex will be assigned its own specific areas of activity within the new organization, including the Belgian-Dutch market and the green certificate market. Daniel Dobbeni, CEO of Elia, remarked that Elia had already taken an important step towards market integration in Central West Europe with the creation of Belpex in 2006 and the launch of trilateral market coupling. "In the meantime," he continued, "the context has developed further and the market requires integration on a broader level." "This latest takeover also highlights the close cooperation between Elia and TenneT, which are both aiming to make the Dutch, Belgian and European energy markets even stronger," said TenneT CEO Mel Kroon. The deal is subject to regulatory approval. Source: Utility Week © Faversham House Group Ltd 2010. News articles may be copied or forwarded
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