Centrica Energy Trading A/S delivers solid financial results for 2024 against a backdrop of lower commodity prices and volatility  

Centrica Energy Trading A/S, reports consolidated results for the financial year 2024, delivering a pre-tax profit of DKK 827.4 million and operating profit of DKK 647.5 million. The financial results for 2024 reflect solid performance in markets characterised by lower price levels and volatility, driven in-part by record volumes of renewable generation, a decline in gas demand, and milder winter months driving lower energy demand.

 

Kristian Gjerløv-Juel, CEO, Centrica Energy Trading A/S, explained: 

 

"Our performance in 2024 aligns with our expectations. We are among the leaders when it comes to optimising and trading energy in Europe. However, our business model has global potential, with significant opportunities outside of Europe. During 2024, we took a first step on that journey by completing our first power trades in North America.

We have made significant advances in rolling-out algorithmic trading and new technologies to trade and optimise energy infrastructure. We are leading the charge on battery storage optimisation. And we are delivering renewable PPAs in new geographies, constantly building on our diversified portfolio of renewable and flexible assets under management."

We are among the leaders when it comes to optimising and trading energy in Europe. However, our business model has global potential, with significant opportunities outside of Europe. During 2024, we took a first step on that journey by completing our first power trades in North America.

Kristian Gjerløv-Juel
CEO, Centrica Energy Trading A/S

Building a world-class energy trading business

During 2024 Centrica Energy’s portfolio of third-party assets under contract reached 16.7GW, of these, 16.4GW are renewable and flexible assets managed on behalf of customers. Delivering tailored agreements and contract structures, Centrica Energy continues to play a key role in the market-based deployment and management of renewables and flexible technologies, helping attract the investments and capital needed to deliver on the green transition, while generating attractive propositions for corporates to green their consumption and contribute with renewable investments.

 

"Our core capabilities are designed to solve the challenges we see in energy markets across the globe. Therefore, we expect to pick up steam on our global expansion the coming years. First scaling in North America. Then improving our access to new markets. All whilst evolving our algorithmic trading to optimise wind, solar, and batteries and deliver the flexibility the energy system needs," said Kristian Gjerløv-Juel.

 

Our local international workplace 
Our commitment to being a great workplace is ingrained in our DNA. During 2024 we recognised as a Great Place to Work in Denmark and the UK, we were awarded 3rd Best Workplace in Denmark in the 50-499 employee category, the Best Workplace in Denmark for Gender Equality, and last but not least, we secured our spot on the Great Place to Work top 100 list of Best Workplaces in Europe. 

We are building a world-class workplace. Our ability to drive results and make a difference rests on our purpose, strong culture, and sense of community between our employees across the globe. We’ve come a long way – but a lot more must be done. With our people drive our leadership and business to constantly improve on our products, services, and culture I’m in no doubt we will get there.

Aki Danmark Palikaras
Global People Director, Centrica Energy

 View Centrica Energy Trading A/S’s annual report for 2024 here. 

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