Trading name ELI Key people Chris Peeters (CEO) Founded 28 June 2001 | Type Public Headquarters City of Brussels, Belgium | |
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Products High-voltage electricity transmission Revenue €792.6 million (2015)
€792.5 million (2014) Net income €124.4 million (2015)
€112.6 million (2014) Stock price ELI (EBR) € 47.11 -1.08 (-2.25%)8 Mar, 5:35 PM GMT+1 - Disclaimer CEO Chris Peeters (6 Jul 2015–) Subsidiaries 50Hertz Transmission GmbH, "elia Engineering " Sa Profiles | ||
Elia is transmission system operator (TSO) for high-voltage electricity (30,000-380,000 volts), located in Brussels, Belgium. It operates in Belgium and Germany. The company transmits electricity from generators to distribution system operators, who then supply SMEs and homes. Elia also has contracts with a number of major industrial users who are directly connected to its high-voltage grid.
Contents
- 20110125 members elia system operator about business society belgium
- History
- Operations
- Ownership
- References
Elia's main activities include managing grid infrastructure (maintaining and developing high-voltage installations), managing the electrical system (monitoring flows, maintaining the balance between electricity consumption and generation 24/7, importing and exporting to and from neighbouring countries) and facilitating the market (developing services and mechanisms with a view to developing the electricity market at national and European level). Elia Group also offers consulting and engineering services through its subsidiary Elia Grid International (EGI), founded in 2014.
20110125 members elia system operator about business society belgium
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 by merging the Company for the Coordination of the Generation and Transmission of Electrical Energy (CPTE) with the Electrabel entity managing the 30-380 kV grid. On 17 September 2002, it was appointed as the federal transmission system operator in accordance with the Electricity Act of 29 April 1999. On 20 June 2005, Elia was listed on Euronext Brussels and since 2012 it is a part of the BEL20 index. 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 Industry Funds Management reached to an agreement with Vattenfall on acquisition of the Vattenfall-owned German transmission system operator 50Hertz Transmission GmbH, one of the four German transmission system operators. The deal was approved by the European Commission 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, 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.
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 SPE.