Gazprom Energosbyt AO (Russia)

Gazprom Energosbyt AO, located in Moscow, is one of the largest energy traders in Russia. It was established in 2006 as a subsidiary of Mezhregiongaz LLC (Gazprom). The company's main objective, according to Gazprom's strategy in the power industry, is to optimize the sale of electricity to Gazprom Group enterprises. Currently, Gazprom Energosbyt serves over 700 large and medium-sized electricity consumers in 74 regions of Russia, including Gazprom and Gazprom Neft subsidiaries. The company actively participates in both wholesale and retail electricity markets. Its subsidiary, Gazprom Energosbyt Tyumen, operates as the main energy supplier in the Tyumen region, the Khanty-Mansi Autonomous Okrug, and the Yamalo-Nenets Autonomous Okrug. Gazprom Energosbyt successfully operates in the liberalized electricity market, engaging in forward exchange transactions and purchasing electricity through free (non-exchange) contracts, allowing for individualized approaches to consumer needs. The company also focuses on optimizing electricity consumption and utilizes automated information and measurement systems for accurate energy consumption data. By leveraging the opportunities in the electricity markets, Gazprom Energosbyt offers consumers new ways to reduce electricity costs, including reducing tariffs through direct purchases from producers on the wholesale market. The company monitors and verifies tariff procedures to prevent unjustified tariff increases. Gazprom Energosbyt minimizes price risks for consumers by entering into long-term contracts and subsequently contracting with producers. The company is actively implementing an electronic document management system to facilitate real-time information exchange and expedite necessary approvals. Gazprom Energosbyt's successful operations contribute to achieving important corporate goals for Gazprom, such as reducing costs for its subsidiaries, protecting their interests in tariff decisions, and preparing energy services for the reform of the power industry. The company plans to further enhance the efficiency of electricity supply to Gazprom Group enterprises and attract new customers in related industries. Gazprom Energosbyt aims to become the largest energy supply company in Russia by utilizing all available opportunities in the electricity markets.