Pierre Bornard Appointed Powernext’s Chairman Of The Board For A Fifth Consecutive Term

Powernext’s Management Board has appointed Pierre Bornard as its Chairman for a fifth consecutive term on 28th May 2013. Jean-François Conil-Lacoste is Powernext’s Chief Executive Officer since the creation of the company in 2001, while Mr. Bornard, also Vice-President of RTE’s Board of Directors (Réseau de Transport d’Électricité, the French TSO), is its non-executive President.

This stability in the company’s governance shows the trustful bond that was established in the original Board which regroups the large System Operators (RTE and its Belgian and Dutch “colleagues” Elia and TenneT, as well as the French gas TSOs GRTgaz and TIGF), and the main European energy groups, such as the French EDF, GDF Suez and Total, the German E.ON, the Italian ENEL et the Swiss Alpiq.

Their common objective is to contribute to a true European energy market by operating non-discriminatory and transparent exchange platforms, models for energy efficiency, better security of supply and flexibility in order to successfully complete the energy transition.

Through an alliance with its German counterpart EEX, Powernext created EPEX SPOT in 2008, a leading organised power spot market in Europe, where Pierre Bornard assumes the Vice-Chairmanship of the Supervisory Board, with Jean-François Conil-Lacoste being the Chairman of the Management Board.

Today, within the context of PEGAS’s technical and commercial cooperation, the Powernext and EEX teams are committed to the development of services around the gas market in France and on the entire European continent.

The Powernext-EEX cooperation is an exemplary success story of a Franco-German cooperation. It protects the development of the Paris market place and the French teams’ capacity of innovation.

Additionally, since May 2013, Powernext assumes the duties of registry for guarantees of origin of electricity following a successful bidding process launched by the French government.

At the very moment when France has opened a debate on the energy transition towards renewable sources and when the European energy policy is under severe criticism, Powernext remains committed to innovate and offer pragmatic and flexible solutions to adapt the markets to the European electricity and gas new challenges.