European power
Our European power team represents bp in the power and European emissions markets. We offer a range of integrated services and innovative products to meet the needs of generation and end-use customers, including data centres, manufacturing and industrial plants, renewable and flexible generation, EV’s and utilities
Who we are
European power is a key part of bp’s trading and shipping business. Our team combines international expertise with a deep knowledge of the European markets to manage the supply and demand balance across bp’s growing portfolio. This includes offtaking power in the form of power purchase agreements (PPA), optimizing and managing the risks to enable the provision of clean energy solutions to meet our customers’ individual needs.
What we do
We understand the dynamics of energy markets where we work and use our extensive knowledge and insights to create value for customers, drive energy efficiency and progress sustainability across the load profile.
Our team has expertise in energy price risk management, financial trading and physical markets to develop innovative solutions that meet the needs of our customers. These include power offtaking, price risk hedging, financial structures as well as risk management options incorporated into supply and purchase arrangements.
- Power purchase agreements including renewable power offtakes, sourcing and customer site supply
- Wholesale supply and market access
- Flexible generation management
- Renewables and carbon emission certificates
- EV charging including infrastructure power supply and optimization
- Battery storage
- Site supply via retail energy partner
- Scope 3 emissions reduction via collaborations to engage energy consumers
- Physical and financial spark spreads
- Virtual or physical power tolling
- Forward and prompt asset optimization
Where we work
In a complex and sophisticated market, our extensive portfolio delivers the solutions our customers are looking for. We are active throughout Europe, allowing us to meet the diverse needs of both generators and consumers.
Our main trading office is in Canary Wharf, London, with a sales and marketing office in Madrid, Spain.
mybpenergy
mybpenergy is a new online portal, currently available to a select number of invited European gas and power customers.
mybpenergy provides customers with access to live and historic prices for future contracts across a range of commodities (gas, power, coal and emissions). It also features spot auction prices for power along with FX and brent futures.
Alongside the market data, customers can access their post-trade documentation (invoices, confirms and contracts) as well as review and submit their nominations. Access to news and other content from bp is also available.
For more information, contact your bp account manager or email mybpenergy@bp.com