EVN is an international utility company delivering electricity, natural gas, heat, water, and telecommunications services across several markets. With a diverse and increasingly renewable energy portfolio, EVN is committed to driving a secure and climate-friendly energy future.
Energy trading is central to this mission, enabling EVN to optimise its power generation portfolio and actively participate in spot, intraday, and ancillary markets. By combining market expertise with advanced digital tools, EVN manages risk, seizes market opportunities, and ensures efficient, flexible operations that support the energy transition.
For EVN, the fast-moving intraday market events required it to react more quickly and to design algorithms capable of handling multiple dynamic market scenarios to capture short-term opportunities. In addition, EVN needed to use the flexibility of its power plants more efficiently and elevate automation across its operations.
According to Goran Juric, Technical Lead Trader at EVN:
“We see significant growth potential in short-term power trading, in maximising the flexibility of our assets, including the growing importance of battery storage systems (BESS), and in further advancing digitalisation and automation across our operations.”
To address these challenges, EVN adopted Volue AlgoTrader Navigator. This solution is an add-on to the Volue AlgoTrader that enables the orchestration of different execution algorithms and configurations for multiple market scenarios and portfolios, allowing for faster reactions to intraday market events and improved trading performance of renewable and flexible assets. The combination of market rules in Navigator and advanced algorithmic parameters in the Volue AlgoTrader has proved especially powerful, creating flexible, trading strategies. The platform also streamlines workflows and enhances transparency across the entire trading process, supporting EVN’s ambitions for growth and innovation.
Since implementing AlgoTrader Navigator, EVN has successfully designed algorithms for multiple scenarios and portfolios, enabling much faster reactions to market movements and more efficient renewable trading. Automation and algorithmic optimisation have minimised risk and reduced imbalance energy, especially when handling forecast deviations from renewable production. These improvements have led to more stable operations, increased trading efficiency, and enhanced overall performance. EVN also benefits from greater transparency across trading workflows and better positioning in the order book, resulting in faster and more precise execution in intraday markets.
While EVN has already realised significant gains, there remains strong potential for further growth, particularly in fully unlocking the flexibility of its power plants and BESS.
As Goran concludes:
“We are proactively adapting to increasingly dynamic market conditions. Our collaboration with Volue supports EVN’s innovation path, helping us implement our own strategic ideas and operational know-how into a practical algorithmic trading framework. There is strong potential for further growth, particularly in fully unlocking the flexibility of our power plants and BESS."
