AIK Energy Austria GmbH was established in 2019 in Vienna, Austria, as a subsidiary of AIK Energy Ltd. (London, United Kingdom). Its activities center around natural gas and power, in accordance with the Group’s business operations in the sectors of natural gas, power, oil products and renewable energy and is now a main continental hub, alongside AIK Energy Hungary and AIK Energy Romania.
Through its expert knowledge in the energy sector, the company offers customized support according to the requirements of each individual customer.
What we do
AIK Energy Austria GmbH started its trading activities in 2019 through border point transactions, providing products to commodity wholesale markets and customers.
Having a strong empowerment through AIK Energy Ltd., the Austrian branch evolved rapidly, now holding gas and electricity trading licenses in many European countries (for details, please consult our page: Licenses).
Experienced, diversified and well-balanced, our team of senior professionals brings extensive expertise in management, finance, legal and operations, in addition to the particularities of the energy industry.
Our certified traders have solid know how for modern trading technologies, aiming to streamline the links between acquisition and sale.
The diversity of the AIK Energy team allows us to have a unique understanding and be well connected in numerous energy markets while bringing first-hand experience in the region, from Central and Eastern Europe to the Middle East.
Aik Energy LTD
AIK Energy developed a trusted network of companies and partners to align the local practices with our international business vision, forming accurate, long-term business relations. AIK Energy collaborates openly and transparently with all the energy authorities and financial institutions in Central and Eastern Europe.
Our extensive knowledge and understanding of the European Energy markets for both physical and virtual commodities, alongside the constant harmonization of the legislative variation give all our partners a clear and wide variety of products to choose from.
Our strong commitment to integrity and transparency allows us to build reliable, trustworthy, long-term relationships, leading AIK Energy to succeed on the highly competitive gas and power market.
Starting its activity on October 1, 2019, AIK Energy Austria GmbH traded monthly more than 1.000.000 MWh of Natural Gas at CEGH.
Having a substantial natural gas expertise on the European markets and while developing an extensive regional network, AIK Energy Austria managed to build strong business relations with a large scale of partners, intensifying its activity mostly on export over Europe.
AIK Energy Austria’s short term expansion plans involve increasing its presence as a reliable partner in the entire Europe by starting to trade both financial and physical products at EEX as well as on the major regional hubs (TTF, Gaspool, NCG, Zeebrugee and many more).
2020 marked a big step in AIK Energy Austria’s evolution, expanding its activity to the electricity markets in Europe. At the beginning of 2020 the Austrian subsidiary obtained the electricity trading rights for Romania.
Driven by a strong desire to provide the best services for its partners, AIK Energy Austria diversified its portfolio. The subsidiary is now licensed or in the process of registration in Hungary, Austria, Czech Republic, Slovakia, Greece, United Kingdom and Italy. In addition, AIK Energy Austria is now finalizing its licensing in Spain, France and Poland.
The strategy of the group is also transposed in the activity of its subsidiaries. We adopted among our objectives to focus on the climate obligations, especially since Austria shut down its last coal power plant, becoming this way the second country in the EU that gave up using coal for residential heating and electricity production in favor of other sources of power.
Licensed on gas & energy markets
AIK Energy Austria GmbH has extended its activity on the European market and holds the right to trade and/ or supply natural gas and/ or power in the following countries:
Licensed Gas Shipper
- Austria: CEGH Membership access to trade on Austrian VTP.
- Czech Republic:
- registered through the National Gas Transmission System User (ESFA) as a gas trader.
- United Kingdom:
- Gas Shipper License granted by OFGEM (Office of Gas and Electricity Markets).
- License for Sale of Natural Gas issued by HEA, the local Energy Regulatory Authority for Public Utility Services Hungary in order to allow trading on the Hungarian gas market.
AIK Energy Group is taking now all necessary steps to ensure that AIK Energy Austria GmbH becomes a licensed electricity trader in Bulgaria, a gas trader in Poland as well as a licensed gas and electricity trader in France and Spain.
AIK Energy Austria GmbH
We consider the impact of every action we take. With this in mind, we continuously work on minimizing our impact on the climate and environment, complying with the laws and policies in the sector.
We are partners with our employees, customers and stakeholders in order to create added value.
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