Swissgrid acquires share capital of Holding des Gestionnaires de Réseau de Transport d'Electricité («HGRT»). HGRT is the holding company of Central Western European transmission system operators and ensures its influence on the leading Central and Western European spot exchange EPEX SPOT through a 49% stake.
The transmission system operators RTE, Elia and TenneT transfer a 5% stake in HGRT to Swissgrid. HGRT is the holding company of Central Western European transmission system operators, which currently holds a 49% equity stake in EPEX SPOT, the leading spot exchange for Central and Western Europe. Swissgrid will join the supervisory boards of HGRT and EPEX SPOT. With this transaction and the related tasks Swissgrid will contribute to ensuring the consistency between market rules and the requirements of the transmission system operators regarding security of supply. In addition, the cooperation between Central Western European transmission system operators and the European Power Exchange will be strengthened. This marks a crucial step forward in further developing the European power market.