EnCoHub Set to Revolutionize the Energy Market with a New OTC Marketplace for Physical Power
Introducing innovative marketplace and trading solutions that enhance liquidity and transparency for the electricity market
EnCoHub Oy is thrilled to announce the upcoming launch of its pioneering OTC marketplace, set to transform the dynamics of energy trading. Scheduled to open during Q3/2024 our goal is to revolutionize the way electricity is traded over-the-counter.
The new marketplace has been built in view of adding more liquidity and transparency into the electricity market: While being anonymous, all trading offers in the marketplace from buyers and sellers are visible to all market participants. In addition to traditional monthly, quarterly and yearly products, the counterparties can buy and sell flexible products where the date or the power ranges are customizable. During H2/2024 we will also launch customizable hourly profiles.
Highlights of the marketplace in a nutshell:
- Customizable electricity products
- No collateral requirements
- Lowest transaction costs in open marketplaces
- Automated REMIT reporting.
All these features ensure a much reduced risk and efficient trading environment for all participants.
Why the industry needs a new marketplace?
Hedging in the current market environment, characterized by high price volatility, tightening collateral requirements, and low liquidity, is extremely challenging. Additionally, in traditional bilateral trading, price formation is not transparent enough. Market participants are very interested in more streamlined and transparent trading opportunities. – Jan Landén, CEO, EnCoHub Oy
Background
EnCoHub Oy is a fresh and dynamic entrant into the energy market, committed to connecting various power market players through the digital marketplace. Our mission is to streamline transactions, reduce market friction, enhance transparency, and boost liquidity, ultimately reshaping how the OTC market operates.
Behind EnCoHub is a team of seasoned energy sector influencers with decades of combined experience, supported by digital business professionals with solid background ready together to bring significant advancements to the marketplace.
For more information, please contact:
Jan Landén, CEO
Phone: +358 50 447 5227
Email: jan.landen@encohub.com