Danske Commodities

Danske Commodities (DC) is an energy trading house. The company is an international trader of energy-related commodities such as electric power, gas and climate market products with activities in 39 countries.

Danske Commodities A/S
IndustryEnergy
FounderHenrik Lind
Headquarters
Aarhus
,
Denmark
Key people

Helle Østergaard Kristiansen(CEO)
Tor Martin Anfinnsen (Chairman)
ProductsPower trading, Gas trading and Climate Markets trading
RevenueEUR 10.046 billion (2019)[1]
EUR 50,224 million (2019)[1]
Number of employees
320 (End of year 2019)
Websitedanskecommodities.com/ 

History

Danske Commodities was founded in September 2004 by Henrik Lind.[2] The company started off with trading electricity across the border between Germany and Denmark, with the first trade implemented on 1 November 2004.

Building its foundation on trading on the ‘Day Ahead’ power market, Danske Commodities expanded into the intraday power trading market in 2007.

In 2009, gas trading and wholesale services, such as energy procurement for supply companies and management of volume and balancing risks, were added to the company's business activities. In 2011 the company added renewable services optimising the variable output from wind and solar. Today, the company has around 4700 MW of renewables under management.

In 2018, Danske Commodities announced it had been acquired by Norwegian energy company Equinor, with the acquisition being completed on 1 February 2019. Danske Commodities is a wholly owned subsidiary to Equinor, operating under its own name and brand.

Currently, Danske Commodities is present in 39 power markets and in 23 gas markets with a 24/7 trading setup. The company employs approx. 320 employees and is domiciled in Aarhus, Denmark. Besides the headquarters in Denmark, Danske Commodities has offices in the United Kingdom (in Equinor's London office), Germany (Hamburg), Turkey (Istanbul) and the US (Stamford).

Business areas

Danske Commodities’ business consists of two areas: trading and services.

TRADING

  • Power - trades with power plants, utilities and trading houses and specialises in sustainable energy and emerging markets via exchange, broker or OTC trading on the intraday, day-ahead and forward markets. Danske Commodities trades standard futures, options and structured products and offers both physical or financial settlement and capacity auctions.
  • Gas - trades via exchange, broker or OTC trading on the intraday, day-ahead and forward markets. Danske Commodities trades standard futures, options and structured products and offers both physical or financial settlement, capacity auctions and storage optimisation.

SERVICES

  • Renewables - production management and balancing, production hedging from day ahead and up to 10+ years, Power Purchase Agreements (PPAs) on both standard and individually structured terms. Danske Commodities trades certificates such as GOOs, El-Certs, ROCs and REGOs and participates in the market for ancillary services.
  • Conventionals - production management and balancing, production optimisation of heat and power, trading of certificates such as EUAs, EUAAs and CERs, hedging of fuels, subsidies and output to minimise price sensitivity and stabilise cash flow. Danske Commodities offers services on primary, secondary and tertiary markets for ancillary services.
  • Supply - consumption management and balancing, consumption optimisation and hedging solutions to specific consumption profiles.

Senior Leadership
  • Helle Østergaard Kristiansen, CEO
  • Lars Troen Sørensen, CFO, VP, Head of IT & Finance
  • Jakob Sørensen, CRO, VP, Head of Risk Management
  • Jesper Tronborg, VP, Head of Power Trading & Origination
  • Michael Vincent, VP, Head of Gas Trading & Origination
  • Marie-Louise Brebøl Christensen, VP, Head of People & Culture
  • Jesper Pape Larsen, VP, Head of Legal & Compliance
  • Tor Mosegaard, VP, Head of European Power Trading

Board of Directors
  • Tor Martin Anfinnsen, Chairman
  • Helge Haugane, Vice Chairman
  • Siv Helen Rygh Torstensen
  • Peter L. Ravn
  • Jens-Peter Saul
  • Jens Økland
  • Molly Morris
  • Henrik Lind

Notes
  1. "Annual Report 2019" (PDF). Danske Commodities A/S. Retrieved 12 March 2020.
  2. "Danish company registration database". Erhvervs- og Selskabsstyrelsen. Archived from the original on 5 October 2011. Retrieved 29 August 2011.
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