Trading
Under our global energy and environmental commodities brand, Enerjisa Commodities, we maintain a strong presence in international markets as part of our core trading operations. In today’s fast-moving energy landscape where flexibility and speed are critical, we operate 24/7 as a dynamic and strategic player.
By expanding our global trading network, we continue to boost our competitive edge, staying closely aligned with market trends to deliver high-value solutions to our customers. Combining our financial market expertise with advanced technology and strong risk management capabilities, we are well-positioned to drive sustainable growth and achieve operational excellence.
Commercial Services
As part of our commercial strategy, Enerjisa Commodities has established an effective trading network across the Turkish and European energy markets, operating across a broad spectrum of activities. With our agile structure and advanced risk management strategies, we continue to position ourselves as a strong player in energy trading.
Scope of Operations:
Electricity trading in organized and over- the-counter (OTC) energy markets across Türkiye and Europe
Participation in cross-border electricity capacity auctions
Natural gas trading
Power plant imbalance management services
Tailored solutions for renewable assets in the market
Energy supply and customer solutions for end-users
International carbon and green energy trading
Our Strength Comes from Our Brand!
At Enerjisa Üretim, our corporate trust and reputation continue to shape the strategic direction of our energy trading initiatives. With our robust financial structure, deep market knowledge, and innovative perspective, we are committed to advancing at every step and achieving sustainable growth. line with this vision, our European expansion initiative launched three years ago has evolved into active trading operations in over 14 countries, significantly enhancing our global footprint.
This growth in European energy markets has been driven entirely by the expertise and dedication of our in-house teams. Our success has not only created cost advantages but has also strengthened Enerjisa Commodities’ operational capabilities, deepened our insights and expertise, and increased our global competitiveness. As we look ahead, we remain focused on entering new markets, expanding our trading network, and accelerating our journey of sustainable growth.
Market Competency
At Enerjisa Commodities, we maintain a strong and balanced financial and corporate infrastructure through well-defined risk and working capital frameworks.
Our success in energy trading is rooted in our qualified human capital and advanced technical infrastructure. Our team of high-potential energy trading professionals enables us to operate with a dynamic and innovative spirit. With 40% of our team composed of international experts, we are expanding our global perspective and enhancing our market presence.
Driven by a talented workforce, cutting-edge technological infrastructure, and a strategic management approach, we continue to create value and grow on a global scale.
In the Turkish energy market, we stand out with our expertise in pricing and market-making. Our deep understanding of market dynamics and strong analytical capabilities allow us to develop competitive pricing strategies and optimize our trading operations. Our internally developed Energy Trading Risk Management (ETRM) system and sound risk management policies form the backbone of our success. Developed entirely in-house, this system enables fast, reliable, and flexible management of energy trading operations while minimizing financial and operational risks.
To effectively manage carbon risks and enhance our market capabilities, we utilize an internal carbon pricing mechanism. This system helps align our practices with regulatory requirements and supports our long-term compliance objectives.
We are a leading energy trading player in Türkiye.
We focus on Northwest European (NWE) markets, creating value through specialization.
We have established a strong commercial presence in Southeast Europe (SEE).
We maximize returns with limited risk and working capital.
We ensure continuous risk monitoring processes.
We foster a high-performance culture and continuously improve it.
We attract young talents and integrate them with experienced professionals.
Short-Term Objectives:
Expand our PPA (Power Purchase Agreement) capacity in Türkiye.
Grow our end-consumer energy supply portfolio in the domestic market.
Strengthen our role as a cross-border trading player by securing EU gas storage capacity.
Explore trading opportunities across various countries and markets.
Evaluate opportunities to become a small-scale LNG trading player.
Expand our battery storage services through capacity increases.
Boost our credibility in the EU to broaden our product portfolio and scope.
Offer asset-backed commercial services.
Enhance operational capabilities and prevent potential errors.
Integrate and develop AI-based solutions for day- ahead trading platforms.
Commercial Achievements
Commercial Achievements
We operate through two companies: Enerjisa Europe Kft. in Hungary and Enerjisa Commodities BV in Amsterdam, supported by our departments in Istanbul.
Our international team spans Amsterdam and Istanbul, with expertise in trading, sourcing, asset management, and risk management.
We trade electricity and gas, both physical and derivatives, in 14 European countries.
In 2024, we completed registrations for Trading Hub Europe and CEGH. GME registration has also recently been finalized.
We report to international authorities including ACER (REMIT),ESMA, RAE, EWRC, AERS, and MEKH.
We are registered on EEX, EPEX, TTF, HENEX, IBEX, HUPX, SEEPEX, and ICE.
Our trading and sales operations are managed via our in-house developed ETRM/VEGA systems as part of our risk management framework.
Our dedicated team supports analysis across European electricity, gas, and carbon markets using diverse models.
We develop global solutions through renewable energy and voluntary carbon trading certificates.
Each year, we build on our experience to enhance our trading performance.
In 2024, our trading volume in European markets reached approximately 60 TWh. As a global player in Green Energy Certificate trading, we operated in over 32 countries, achieving a ~2% share of the global market.
We continue to structure our European presence under the Marco Polo business plan, supported by an intensive branding initiative.
Our Energy Trading Performance in Numbers
We hold a significant market position with 71 TWh in electricity, gas, and green energy trading volume.
Enerjisa Commodities In Numbers
71 TWh trading volume, 2024
18 international markets
14 different EU markets
198 counterparties
11 operations
20 front office
8 analysts
5 risk
Customer-Focused Solutions
Flexible and Diverse Customer-Focused Solutions
With deep expertise in energy markets, innovative digital tools, and a commitment to sustainable trading, we continue to meet the evolving needs of our stakeholders.
Our broad product portfolio, robust financial structure, and flexible pricing strategies enable us to deliver tailored solutions across all market segments. We meet customer expectations not only with diversified pricing options but also through our industry experience, infrastructure knowledge, regulatory expertise, and operational know-how.Technical concepts like “Market Clearing Price (MCP),” “YEKDEM (Renewable Energy Sources Support Mechanism),” “Imbalance,” “Financial Cost,” and “Consumption Forecast” are becoming increasingly significant in our customers’ daily operations. In response, we develop innovative digital solutions to provide direct access, accelerated by the pandemic-driven digitalization trend. One such solution, our “Enerjisa Access” platform, enables customers to monitor their entire energy performance in real-time and manage their energy costs. Through predictive analytics dashboards, we also help optimize energy supply and consumption strategies.
We offer comprehensive and strategic energy purchase agreements to help our generator stakeholders hedge against price and imbalance risks. These agreements not only provide financial security against market volatility but also support generators in maintaining operational stability.
We also raise awareness and offer solutions through our green certification and carbon offsetting processes. In line with our commitment to sustainable energy trading, we deliver effective services in carbon markets to support customers in meeting their environmental pledges.
Our role as the Official Green Sponsor of the EuroLeague for three years is a key milestone. Throughout the season, we’ll calculate and offset the carbon footprint from matches held in Türkiye. This initiative is part of our continued efforts to expand our global presence in 2024.
Our Achievements in Türkiye
- We lead the Turkish long-term wholesale electricity market with a trading volume of 7 TWh/year.
- We manage a +3,2 GW end-user industrial customer portfolio.
- We operate one of the largest balancing groups, managing over 26% of total volume.
- n 2024, we commercially managed over760 MW of renewable energy capacity, including power plant management services.
- We consistently ranked among the top companies in total intraday market volume throughout 2024.
- We are an active player in gas trading, including storage and spot market operations.
- We operate in voluntary renewable certificate markets in 28 countries with a trading volume of 2.6 TWh.
Value-Adding Activities
The Future of Energy Management
Digital Solution Partnership
As a digital solution partner in energy, we’ve made our stakeholders’ processes more predictable, agile, and intelligent. Through data-driven solutions and AI-powered forecasting, we deliver efficient digital platforms for managing energy trading.
Sustainability Initiatives
Pursuing our goal to lead the green transformation, we are increasing investments in carbon management and renewable energy projects, helping our partners meet their sustainability goals.
We took on a three-year role as the Official Green Sponsor of the EuroLeague to raise Enerjisa Commodities’ brand awareness and showcase our environmental capabilities.
Awareness Building
We enhance energy literacy and reinforce risk awareness. We offer exclusive consultancy, analysis support, and training to help our partners make informed, strategic decisions in the face of market fluctuations
Certified Arenas
As part of the league, we certify the electricity used in the arenas where the games are played with I-REC — the world’s most prestigious voluntary carbon certification. We launched this initiative in Turkey and aim to expand it across all EuroLeague countries very soon.
Carbon Footprint Offsetting
At the end of the league, we committed to offsetting the carbon footprint generated by transportation, accommodation, and food & beverage services for the games played in Turkey, through certified carbon credits.
Tree Planting
As part of our Green Partnership with EuroLeague, we plant a tree for each spectator attending EuroLeague games in Turkey throughout the season, across various regions. With this project, we aim to unite sports with sustainability and leave a more livable world for future generations.
Managing Commercial and Optimization Risks
Managing Commercial and Optimization Risks We define our commercial and optimization risk policies to manage risks such as price fluctuations and additional costs affecting the profitability of traded or produced electricity, natural gas, petroleum products, and lignite. Together with the Commercial Risk Management Department and related teams, we continuously monitor and report all commercial and optimization activities. We track risks daily and manage allocated risk capital and trade limits in line with our risk appetite. For measuring commercial risks, we utilize advanced Value at Risk (VaR) models.
By actively trading on organized and OTC energy markets in Europe, Enerjisa Commodities has enhanced cross-border trading depth. With full digital integration via our ETRM system, we monitor all positions and conduct real-time risk assessments. In pursuit of becoming a leading green energy market player, we are expanding into new markets and cross-border carbon trading. We continuously analyze counterparty risks and monitor contractual and operational exposures. Our robust risk management strategy supports our strong market position and drives sustainable success.
Our Trading and Optimization Risk Management Committee includes the CFO, Assistant General Manager of Commodities, Assistant General Manager of Strategy and Portfolio Management, and the Risk Culture Leader. The committee defines our risk appetite, authorities, limits, and trading principles, while also evaluating the effectiveness of existing systems and planning actions for identified risks.