Axpo Iberia and ENGIE España have been appointed voluntary market makers in the MIBGAS electronic trading platform for the first semester of 2020, as stated in the corresponding Resolution of the Department for Energy Policy and Mines. It should be also noted the fact that both companies have joint experience in performing this market revitalization role in MIBGAS since the second half of 2018.
The task of the (voluntary) market maker is to stimulate the growth of the liquidity of natural gas wholesale markets by means of achieving the continuous presence of purchase and sale offers on the platform’s screen, specifically in the continuous market.
Axpo Iberia (www.axpo.com) is the subsidiary of the Swiss group Axpo in Spain and Portugal. After more than 15 years of presence in Spain, Axpo has established itself as one of the largest energy groups in our country, supplying to its clients 10 TWh of gas and 5 TWh of electricity, and managing one of the most important portfolio of renewable energy in Spain. The Axpo Group produces, commercializes and distributes energy in Switzerland, in 30 European countries and in the US.
ENGIE in Spain (www.ENGIE.es), with more than 2,300 employees, is the strategic partner in energy matters that accompanies its clients in each challenge. Its differential value is its capacity to design, operate and maintain facilities, including the supply of energy required in each stage. ENGIE in Spain offers its clients the best integral solutions adapted to their needs, thanks to the knowledge acquired by its wide network of energy experts and multi-technical services.