21.04.21 - Customers and counterparties have once again voted Axpo one of the world's best energy traders. In the annual survey conducted by the renowned international trade media Energy Risk and Risk.net, Axpo achieved top rankings similar to previous years. The excellent performance demonstrates that Axpo’s clear focus on the marketing of electricity from renewable energies in Europe and the United States, as well as its strategy to further expand its global supply business with the important bridging fuel natural gas, are paying off.
The renowned survey by the trade media Energy Risk and Risk.net has long been an important benchmark for customers and counter-parties in assessing the activities of energy market players. Every year, some 1,500 participants rate the companies according to criteria such as price, innovation, flexibility, market-making, reliability, and integrity. For several years, Axpo has been very successful in the survey.
In this year’s ranking, Axpo was voted number three among the best overall commodities dealers in the world. The company was also ranked number two in several additional global categories such as world’s best overall energy dealers, best global power dealers, leading natural gas and in the global oil trading category.
In the country categories for the power trading business, Axpo maintained its number one position in the United Kingdom, and moved to rank number one in Eastern Europe. The company also achieved first place as best analysts in the European power trading markets. In addition, Axpo achieved second place in the power trading categories for Belgium and France, and third place in Germany and Italy.
In the natural gas trading categories, Axpo not only achieved second place in the global ranking, but was voted number one in the United Kingdom and number three in Italy.
Domenico De Luca, Head of Trading and Sales at Axpo, commented: “Growing our international presence over the years, today Axpo is active in more than 40 markets in Europe, North America, and Asia. I am delighted to see that our customers and counterparties continue to appreciate our work. Success in these rankings is also due to the fact that we are literally close to our customers in many countries around the globe. Our energy solutions products and services are tailored to their needs, and on this evidence clearly continue to meet their requirements.”
Axpo is a leading international marketer of renewable energies. In the tailor-made long-term power supply and purchase agreements (PPAs) sector especially, Axpo has become a pioneer in many markets across Europe and the United States. The number of so-called corporate PPA with large companies has also increased significantly in recent years. Axpo has continuously expanded its natural gas business globally, most recently opening a new subsidiary in Singapore in 2020 to serve the fast-growing markets for Liquefied Natural Gas (LNG) in Asia.