EDF TRADING APPOINTS HEAD OF ENVIRONMENTAL PRODUCTS

EDF Trading, a wholly-owned subsidiary of EDF S.A., announces the appointment of Paul Kitchen as its new Head of Environmental Products. Paul will report to Valentino Scavardone, Head of Origination and his new role is effective 1^st October.

“There is an increasing focus on environmental products as the world moves towards a net zero future”, said Philipp Büssenschütt, Chief Commercial Officer. “EDF Trading needs to adapt and react to this in order to take advantage of the business opportunities it presents. We are therefore creating a dedicated sales and origination function, led by Paul, that will focus exclusively on environmental products such as GOOs, I-RECs, EUAs, UKAs and other carbon products. One particular area of focus is the voluntary carbon market which is set to significantly grow. We are ready to support our customers with bespoke structures which will help them achieve their voluntary and compliance targets”.

Paul joined EDFT in 2006 as a Senior Originator in Paris. He was appointed Head of UK Origination in 2009. Prior to joining EDFT, Paul was at E.ON, TXU and the National Grid.

For further information, please contact:

EDF Trading
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
Email: michele.reid@edftrading.com

EDF Trading
EDF Trading is a leader in the international wholesale energy markets.  The company manages a portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world.  These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.

EDF Trading is active in the electricity, natural gas, LPG, oil and environmental products markets.  It is also active in the LNG and coal and freight markets via JERA Global Markets* (“JERAGM*”).  EDF Trading is one of the largest wholesale market traders in Europe for power and gas. In North America, EDF is one of the leading marketers of gas and power, one of the main providers of generation services for power generation companies and a leading energy retailer for large commercial and industrial customers. 

*JERAGM is a joint venture between JERA Co., Inc. (66.67% through JERA Trading International Pte. Ltd. equity) and EDF Trading (33.33% equity).  JERAGM operates one of the largest seaborne energy portfolios in the world.

EDF Trading is a 100% owned subsidiary of EDF SA., one of the world’s biggest electricity generators and a leader in low-carbon production.

EDF Trading has around 800 employees with key offices in London, Paris, Singapore and Houston.

For more information, please visit www.edftrading.com.