AIK Energy Austria GmbH was established in 2019 in Vienna, Austria. It is a subsidiary of AIK Energy Ltd (London, United Kingdom). With the main focus on trading and suppling Gas, Power and Oil, the AIK Group business operations, offer customized support based on the requirements of each individual customer through our expert knowledge in the energy sector.
What we do
AIK Energy Austria GmbH has started its activities with trading in 2019 through border point transactions, providing products to commodity wholesale markets/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)
Our team of experienced, diversified and well-balanced senior professionals brings extensive expertise in management, finance and operations.
Our certified traders have solid know how for modern trading technologies and aim to streamline 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 and bring 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 long-term business relations. AIK Energy collaborates openely 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 (physical and financial commodities) alongside the constant harmonization of the legislative variations offer our partners a clear and wide variety of products and services.
While keeping integrity and transparency as essential attributes, AIK Energy LTD’s commitment allows us to develop and execute reliable, trustworthy, long-term relationships, leading AIK Energy to success on these highly competitive gas & power markets.
Starting its activity on October 1st, 2019, AIK Energy Austria GMBh traded on a monthly basis 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 European network, AIK Energy Austria managed to build strong business relations with a large scale of partners, spreading its activity mostly on export for the European markets.
AIK Energy Austria’s short term expansion plans involve increasing our presence as a reliable partner on the entire European market by starting to trade both financial and physical products at EEX and on the major regional gas hubs: TTF, GASPOOL, NCG, Zeebrugge and many more.
2020 marked a big step in AIK Energy Austria’s evolution, expanding its activity to the electricity markets in Europe. At beginning of 2020 the Austrian subsidiary obtained its electricity trading rights for Romania.
Driven by a strong desire to provide the best services for its partners, AIK Energy Austria diversified its portfolio, being registered or becoming licensed in Hungary, Austria, Czech Republic, Slovakia, Greece, United Kingdom and Italy. In addition, AIK Austria is now on the course of 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 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:
- registration as a 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 (local Energy Regulatory Authority for Public Utility Services Hungary) to trade on 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 minimising our impact on the climate and environment, complying with the laws and own policies in this area.
We are partners with our employees, customers and stakeholders in order to create added value.
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