The EU drive for liberalisation in the energy sector opened up tremendous opportunities for newcomers to the market, such as Green Network S.p.A.
More competition in the market, lower prices for the consumer and a cross-European common market. These were the principal aims of the EU drive for liberalising the energy sector, which began at the turn of the century.
Even as a new market entrant, Green Network possessed significant experience and knowledge. Working for Italy’s largest electricity supplier, Co-founder Piero Saulli, as well as other managers, has established a strong reputation. Then liberalisation provided Saulli the opportunity to form his own company together with Sabrina Corbo.
Originally focusing on large enterprises in Italy, Green Network has also been supplying gas, electricity, solar and wind energy, and biogas to small and medium-sized enterprises (SMEs) and private households since 2013.
“We have developed our competence and become a complete all-rounder in the world of energy,” explains Corbo, Executive Vice President.
In addition to the supply of energy, the sourcing and trading of energy commodities has become a core part of the business. Green Network UK was set up in London 2013 for this purpose, and has developed a European trading network covering 12 countries, which supply the Italian market.
In September, parallel to the trading business, the company will begin supplying energy to the UK domestic and SME markets. “There are approximately 500,000 Italians living in the UK. We will offer a Italian/English service via our website and throughout our business activities,” continues Corbo. “This is our first step into the export market, and other European countries will follow. Particularly interesting in this respect are Germany, Poland and Switzerland.”
The company is also planning its stock market début in 2018. Green Network is one of Italy’s leading 100% privately owned energy companies, enabling complete independence in its business strategy.
“We are a solid company with a huge amount of experience,” Corbo concludes. “We will be the first Italian firm to supply energy to other European countries. Our top management includes former directors of some of the largest European operators; they recognized our reputation for competence and wanted to work with us. We are very proud of this.”