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Annual report - HSE

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<strong>HSE</strong> Group in western, central and south-eastern<br />

european markets<br />

EPEX SPOT<br />

POWERNEXT<br />

EEX<br />

PXE<br />

<strong>HSE</strong> Prague<br />

Branch<br />

OTE<br />

<strong>HSE</strong> Bratislava OKTE<br />

Branch<br />

<strong>HSE</strong> Hungary<br />

EXAA (in liquidation)<br />

HUPX<br />

<strong>HSE</strong> Italia<br />

SOUTHPOOL<br />

<strong>HSE</strong> Adria<br />

<strong>HSE</strong> BH<br />

<strong>HSE</strong> Balkan<br />

Energy<br />

<strong>HSE</strong> Bucharest<br />

Representative<br />

Office<br />

IPEX<br />

<strong>HSE</strong> MAK Energy<br />

<strong>HSE</strong> Bulgaria<br />

OMIE<br />

<strong>HSE</strong> has registered companies, branches and representative offices in Slovenia, Croatia,<br />

Serbia, Italy, Bulgaria, Bosnia and Herzegovina, Czech Republic, Slovakia, Romania and<br />

Macedonia, and is a member of electricity exchanges EEX, EPEX, EXAA, Powernext, IPEX,<br />

OTE, PXE, HUPIX, Southpool OKTE and OMIE. In Greece, <strong>HSE</strong> obtained an electricity trading<br />

licence on behalf of the controlling company; it also holds a trading concession in Poland.<br />

The <strong>HSE</strong>’s other trading markets include:<br />

• Albania,<br />

• Montenegro,<br />

• Switzerland,<br />

• Kosovo, and<br />

• Turkey.<br />

<strong>Annual</strong> Report <strong>HSE</strong> 2012<br />

2 Business Report<br />

34

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