Creos Luxembourg
From Wikipedia, the free encyclopedia
 | |
| Industry | Energy |
|---|---|
| Founded | 2009 |
| Headquarters | Rue de Strassen, 105 L-2555 Luxembourg |
Area served | Luxembourg |
Key people | Laurence Zenner (CEO) Carole Brückler (President) |
| Products | Electricity and natural gas |
| Revenue | (406.6 million € as at 31 December 2024) |
| Owner | 1. Encevo S.A. (75.43%) 2. City of Luxembourg (20%) 3. State of the Grand Duchy of Luxembourg (2.28%) 4. 41 Luxembourg municipal authorities (2.08%) 5. Fédération du Génie Technique (0.10%) 6. Creos Luxembourg S.A. (0.10%) |
Number of employees | 911 (as at 31 December 2024) |
| Parent | Encevo Group |
| Website | creos-net |
Creos Luxembourg S.A. owns and manages electricity networks and natural gas pipelines in the Grand Duchy of Luxembourg. In this capacity, the company plans, constructs and maintains high, medium and low-voltage electricity networks and high, medium and low-pressure natural gas pipelines, which it owns or which it is responsible for managing.[1]
Creos was formed as a result of a merger between Cegedel S.A. – the Grand-Ducal electricity company of Luxembourg, which was founded in 1928 and at the time distributed 70% of the country's required electricity supply, Soteg S.A. – Luxembourg's primary gas supplier, and Saar Ferngas AG – a distribution company created in 1929 in Saarland.[2] On 23 January 2009, all the shares from Cegedel S.A. and Saar Ferngas AG were transferred to Soteg S.A., which – after successfully launching a mandatory public bid for all shares not yet in its possession – underwent extensive restructuring with retrospective effect on 1 January 2009, giving rise to a new energy group. Named Enovos, it included the parent company Enovos International S.A. as well as two main subsidiaries: Creos Luxembourg (formerly Cegedel S.A.) in charge of network activities, and Enovos Luxembourg S.A. in charge of production, sales and marketing. Enovos and Creos each have a subsidiary to serve the German market: Enovos Deutschland and Creos Deutschland.[3][4]
Over the next two years, Creos consolidated its position on the Luxembourg market. In 2010, it expanded its gas transmission network to include a distribution network and it purchased the natural gas networks from Luxgaz Distribution S.A., whereby the management of commercial activities was handed over to Enovos Luxembourg S.A.[5] On 1 January 2011, the City of Luxembourg transferred its electricity and natural gas networks as well as its teams to Creos in exchange for a shareholding stake. The publicly owned shareholding thus rose from 5.71% to 24.57%.[6][7]
In order to more clearly distinguish the parent company from its subsidiaries – energy provider Enovos and grid operator Creos – Enovos International was given a new visual identity in 2016 and is now called Encevo.[8] End July, private equity firm Ardian sold its stake up to 24.92 percent in Encevo to China Southern Power Grid International, the second grid operator in China and in the world.[9][10]
Following a reorganization of the Encevo Group in Germany at the end of October 2021, Creos Luxembourg sold its stake in Creos Deutschland Holding GmbH.[11][12] On 1 July 2023, Laurence Zenner, previously head of CFL Cargo, became the new CEO of Creos Luxembourg.[13]
Creos has a shareholding in the following companies:
- Luxmetering, an Economic Interest Group which pilots the smart metering network;
- Balansys, a joint-venture between Creos and Fluxys Belgium which aims to facilitate the integration of the Belgian and Luxembourg natural H gas market sectors into a single zone;
- Ampacimon, the world leader in electricity grid monitoring;
- TSCNet, a European company which provides coordination and support services to 16 transmission system operators (TSOs) to ensure the efficient and secure operation of electricity grids in Europe;
- JAO, a trading platform that hosts Europe’s leading cross-border trading system, e-CAT, and provides a full range of services from auctions for long- and short-term capacity rights to back-up auctions for day-ahead coupling.
Business sector
Creos Luxembourg S.A. plans, constructs and maintains the electricity and natural gas transmission and distribution networks in the Grand Duchy of Luxembourg. Creos installs and manages the meters, processes the customer consumption data, invoices the network access charges and monitors the suppliers' movements and changes.
In Luxembourg, following the liberalisation of the energy markets, an independent organisation – the Luxembourg Institute of Regulation (ILR) – organises and supervises access to the networks. The tariffs are subject to its approval and it monitors the tolls invoiced to the users. The energy suppliers are thus guaranteed transparent access to Creos's networks.[14]
