The results for Market Central Europe North were well above expectation. While electricity consumption declined sharply in the industrial sector, household consumption dropped only slightly. Alpiq's expansion into new markets in the Baltic and the Ukraine proved highly successful. One of the outstanding events of the year for Market Central Europe South was the acquisition of Romanian energy services provider EHOL Distribution. By taking over this company, Alpiq advanced to become one of Romania›s top three providers to end customers, further strengthening its position in the South-East European electricity market.
Market Germany achieved its defined targets, benefiting in particular from prices and volumes contractually fixed well in advance. Despite the lower demand for energy, 2009 was an excellent year for Alpiq›s power generation facilities in Central Europe. The drive to expand power generation in Germany, Hungary, the Czech Republic and Bulgaria is well under way.
Reinhold Frank comments: "We are committed to Germany as a power generation base."