What We Do

We trade electricity across Central and Central-Eastern European markets on both organised exchanges and bilateral over-the-counter platforms. Our trading activities span the full spectrum of time horizons, enabling us to provide liquidity, capture arbitrage between markets and time periods, and serve diverse client needs across the market structure.

Day-ahead and intraday markets

We are active participants in day-ahead auctions and intraday continuous trading across the European power market coupling area. In these short-term markets, we provide liquidity and capture price differentials arising from fluctuations in demand, renewable generation, and cross-border flows, with established commercial and operational access through our subsidiary structure.

Forward and futures markets

In longer-dated markets, we structure positions across monthly, quarterly, and annual forward contracts. These instruments allow us to manage price exposure across the portfolio, support hedging strategies for our counterparties, and optimise commercial performance across the term structure. The Group’s direct market-participant memberships are the CEGH memberships of SANIA Power AG and SANIA Power s.r.o.; we access organised electricity exchanges and the principal European derivatives platforms — including the European Energy Exchange (EEX) — through established commercial arrangements with broker partners and clearing counterparties. We participate in bilateral OTC markets governed by EFET Master Agreements and similar standardised frameworks.

Balancing markets

We operate under contracts with Balance Responsible Party (BRP) partners in six European markets — Switzerland, Germany, Austria, the Czech Republic, Slovakia, and Hungary — leveraging our scheduling expertise, market intelligence, and our indirect relationship with transmission system operators to minimise imbalance costs and contribute to grid stability. Working with our BRP partners, the geographic breadth of our coverage is unusual for a trading house of our size, and reflects deliberate investment in operational infrastructure and local market expertise.

Cross-border arbitrage

Our trading operations benefit from active presence across multiple interconnected markets. Price differences between national markets arise from differences in generation mix, weather patterns, demand profiles, interconnection capacity, and regulatory environments. By holding direct and indirect, licensed access in multiple jurisdictions and operating under a unified commercial and risk management framework, we can identify and act on these differentials in ways that single-market participants generally cannot.

Beyond proprietary trading, SANIA provides portfolio management services for clients who require professional, ongoing management of their energy positions. These services apply our trading capabilities, technology platform, and market expertise to the specific commercial circumstances of each client.

Balancing and scheduling coordination

SANIA Group companies do not act as Balance Responsible Parties (BRPs). Where a client solution requires BRP coverage, formal BRP responsibility remains with a contracted, appropriately authorised partner. Within that service structure, SANIA can support nominations, scheduling, intraday portfolio adjustments, market optimisation, and commercial coordination. Effective coordination can reduce imbalance exposure, create commercial value for clients, and support reliable system operation.

Generation portfolio management

For owners of generation assets — including conventional power plants, hydro facilities, and renewable energy projects — we provide structured commercial valorisation services. These combine forward hedging, spot market optimisation, balancing, and, where applicable, the marketing of ancillary services and flexibility products. Our role goes beyond that of a simple offtaker: we act as an active commercial partner, structuring the route to market in a way that protects long-term portfolio value while capturing short-term opportunities.

Aggregation services

For smaller market participants — including independent renewable producers, distributed energy resources, and emerging aggregators — we provide market access, scheduling, and commercial coordination. This allows participants without the scale to operate independently in wholesale markets to do so effectively, benefiting from our trading infrastructure while retaining ownership of their underlying assets and a transparent share of the resulting commercial value.

SANIA’s commercial operations are supported by an Energy Trading and Risk Management (ETRM) platform that integrates trading, position management, risk monitoring, scheduling, and financial reporting into a single, auditable system. The platform is developed in-house and proprietary, and represents a core capability for a trading house of our size.

Real-time position and risk monitoring

The platform provides real-time profit-and-loss (P&L) tracking across all trading books, with continuous value-at-risk (VaR) monitoring and limit management. The trading and risk teams operate from a shared, consistent view of the portfolio, with automated alerts when defined thresholds are approached. This continuous oversight is the foundation of our disciplined, non-speculative trading approach.

Margin and collateral management

Margin requirements on exchange-traded positions can change materially within a single trading day, particularly in volatile markets. Our platform automates the calculation, tracking, and forecasting of margin obligations across our exchange and clearing relationships, providing early warning of cash flow pressures and enabling proactive liquidity planning. This capability proved its value during the 2021–2022 energy crisis, when many trading participants encountered severe liquidity stress driven by rapidly escalating margin calls.

Counterparty credit monitoring

Bilateral trading exposes participants to counterparty credit risk. The platform tracks bilateral exposures continuously against approved counterparty credit limits, with full visibility for the commercial and risk teams. Trades are checked against limits in real time rather than reviewed retrospectively — disciplined limit management without slowing legitimate commercial activity.

Regulatory reporting

Wholesale energy market participants in the European Union are subject to extensive reporting obligations under REMIT II (Regulation (EU) 2024/1106, amending Regulation (EU) No 1227/2011) and, where applicable, the European Market Infrastructure Regulation (EMIR). Our platform supports structured trade capture and prepares the reporting file. The file is then uploaded or forwarded manually to Webware Internet Solutions GmbH, which acts as the Registered Reporting Mechanism (RRM) for the relevant SANIA entities; the platform maintains the internal audit trail for reportable transactions.

Continuous development

The platform is subject to continuous internal development: as we enter new markets, add new product types, and respond to evolving regulatory requirements, the platform evolves with us. The trading and risk software itself is proprietary — designed, built, and maintained by our own team, with occasional input from external advisers — while industry-standard components are used only where they belong: market data feeds, exchange and clearing connectivity, and hardware. Full ownership of the core system allows us to adapt rapidly to commercial and regulatory change, without dependency on external software vendors.