Elia System Operator
Encyclopedia
Elia System Operator SA is an electric power transmission system operator
of Belgium
.
. On 8 July 2005, Elia set up the power exchange Belpex, which is in the process of being integrated into APX-ENDEX
.
On March 12, 2010, Elia and Vattenfall
reached to an agreement on acquisition of the Vattenfall-owned German transmission system operator 50Hertz Transmission GmbH by Elia. The deal was approved by the European Commission
on 10 May 2010.
Elia has a 60% stake in the power exchange Belpex. As activities of Belpex will be integrated with the energy exchange APX-ENDEX
, Elia will receive a 20% stake in APX-ENDEX in exchange of its stake in Belpex.
Elia is a contributor to the inter-regional electricity trading joint venture
the European Market Coupling Company
.
.
Transmission system operator
File:Electricity grid simple- North America.svg|thumb|380px|right|Simplified diagram of AC electricity distribution from generation stations to consumersrect 2 243 235 438 Power stationrect 276 317 412 556 Transformer...
of Belgium
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
.
History
Elia was created as a result of the legal unbundling in the electricity market. On 28 June 2001, Elia became the independent limited liability company. It was appointed as the federal transmission system operator on 17 September 2002. On 20 June 2005, Elia was listed on Euronext BrusselsBrussels Stock Exchange
The Brussels Stock Exchange was founded in Brussels, Belgium, by Napoleonic decree in 1801. On September 22, 2000, the BSE merged with Paris Bourse, Lisbon Stock Exchange and the stock exchanges of Amsterdam, to form Euronext N.V., the first pan-European exchange for equities and derivatives,...
. On 8 July 2005, Elia set up the power exchange Belpex, which is in the process of being integrated into APX-ENDEX
APX-ENDEX
APX-ENDEX is an Anglo-Dutch energy exchange operating the spot and derivatives markets for electricity and natural gas in the Netherlands, the United Kingdom, and Belgium. Established in 1999, APX-ENDEX provides exchange trading, central clearing and settlement, and data distribution services as...
.
On March 12, 2010, Elia and Vattenfall
Vattenfall
Vattenfall is a Swedish power company. The name Vattenfall is Swedish for waterfall, and is an abbreviation of its original name, Royal Waterfall Board...
reached to an agreement on acquisition of the Vattenfall-owned German transmission system operator 50Hertz Transmission GmbH by Elia. The deal was approved by the European Commission
European Commission
The European Commission is the executive body of the European Union. The body is responsible for proposing legislation, implementing decisions, upholding the Union's treaties and the general day-to-day running of the Union....
on 10 May 2010.
Operations
Elia owns all of Belgium's 150 to 380 kV grid infrastructure and almost 94% of its 30 to 70 kV grid infrastructure. In addition to the Belgium market, Elia operates also in Germany through its subsidiary 50Hertz Transmission GmbH. The company studies interconnection projects with the United Kingdom (Nemo project), Luxembourg and Germany.Elia has a 60% stake in the power exchange Belpex. As activities of Belpex will be integrated with the energy exchange APX-ENDEX
APX-ENDEX
APX-ENDEX is an Anglo-Dutch energy exchange operating the spot and derivatives markets for electricity and natural gas in the Netherlands, the United Kingdom, and Belgium. Established in 1999, APX-ENDEX provides exchange trading, central clearing and settlement, and data distribution services as...
, Elia will receive a 20% stake in APX-ENDEX in exchange of its stake in Belpex.
Elia is a contributor to the inter-regional electricity trading joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
the European Market Coupling Company
European Market Coupling Company
European Market Coupling Company, EMCC or emcc, is a provider of congestion management services for cross-border electrical interconnectors...
.
Ownership
52.1% of Elia's shares is freely floated on Euronext, 45.37% is owned by Publi-T SCRL, a cooperative company representing Belgian municipalities and intermunicipal companies, and 2.53% by Publipart, a holding company of SPESPE (company)
EDF Luminus is the second largest electricity producer and energy supplier on the Belgian energy market...
.