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Category: Energy & Environment Industry Today
Published Wed, Aug 10th 2011 Back to Articles

Bergen Energi Gains Financial Regulator's Stamp of Approval

Energy expert, Bergen Energi has cemented its position as an energy market leader by gaining the highly sought after Markets in Financial Instruments Directive (MiFID) stamp of approval making the business an officially licensed investment firm.

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The Markets in Financial Instruments Directive, MiFID, is a European Union instrument which provides a harmonised regulatory regime for investment services across the 30 member states of the European Economic Area to increase competition and consumer protection in investment services.

The accreditation awarded by the independent Financial Supervisory Authority of Norway guarantees that Bergen Energi's systems and routines are approved and audited, offers improved investor protection for clients and verification that they are working with a licensed service provider. John Daynes Bergen Energi's Vice President for the UK and Ireland said, "We work extremely hard to provide best in class services to our clients and maintain complete transparency which sets us apart from the competition.

The addition of the MiFID accreditation goes a step further by providing independent approval of the way we work and what we deliver. "We see this latest development as another element of added value to our services and takes us another step ahead of the competition." In the UK, MiFID has been incorporated into The Financial Services Authority's (FSA) handbook of rules and guidance. • Bergen Energi UK based in Leeds, West Yorkshire, is one of the UK's leading energy service providers. Established in 2002 it offers innovative, bespoke energy solutions for business end users in the UK and Europe.

The company's key services include energy procurement, brokerage, risk management, consultancy and data and invoice management.

Bergen Energi UK's proven track record in the tendering and portfolio management of electricity, gas, CO2, procurement and administrative services has gained it a reputation as a trusted independent energy partner. • Bergen Energi UK works with some of the UK's largest energy end users over a broad range of industry and commerce, public authorities and large international groups. Bergen Energi UK is one of Bergen Energi's nine European offices. As a group the company employs more than 160 energy specialists in the UK, Norway, Sweden, Denmark, Finland, Germany, the Netherlands, France and Italy. It is also active in Spanish, Austrian and Eastern European, Asian and US markets. Bergen Energi currently has more than 950 clients in the Nordics, Continental Europe and the UK, with an annual energy supply of 85TWh /€7bn. The company has trading representative on energy exchanges and in the bilateral OTC energy markets and works actively towards a better energy market by working with national and international authorities, regulators and organisations.

 

Contact Information

Simon Firth
Bergen Energi
Princes Exchange
Princes Square
Leeds
LS1 4HY