We are primarily tasked with providing power transmission services, system services and facilitating the energy market. Our core tasks follow from our appointment as grid operator under the Dutch 'Elektriciteitswet' (E-wet) and the German 'Energiewirtschaftsgesetz' (EnWG).
TenneT Holding B.V. was established to segregate our statutory tasks from our non-regulated activities. It is wholly owned by the Dutch Ministry of Finance.
Virtually all of TenneT's activities are regulated. These activities are governed by relevant legislative and regulatory provisions in the Netherlands and Germany. Regulatory authorities, Autoriteit Consument & Markt (ACM) and Bundesnetzagentur (BNetzA) oversee TenneT's compliance with these provisions. TenneT's regulated activities are managed on country level by two operating segments TSO Netherlands and TSO Germany.
TenneT is involved in certain limited non-regulated activities, which help to ensure the energy market operates smoothly and efficiently, or are ancillary to it. As such, TenneT holds a 50% interest in BritNed, a merchant cable operator that manages the electricity interconnector between the Netherlands and Great Britain. TenneT also owns 100% of NOVEC and Relined; these companies manage infrastructure to send and receive broadcasting and telecom signals. Furthermore, TenneT (indirectly) holds a 17% share in EPEX Spot SE (EPEX), the NWE (including Great Britain) electricity exchange.
Organisation chart and structure
- The Executive Board (EB) of TenneT Holding B.V. consists of the following members: Manon van Beek (CEO), Maarten Abbenhuis (COO), Otto Jager (CFO) and Tim Meyerjürgens (COO).
- The Board of Management of TenneT TSO B.V. and TenneT TSO GmbH consists of Maarten Abbenhuis, Otto Jager and Tim Meyerjürgens.
For TenneT, Corporate Social Responsibility (CSR), is to create a sustainable future for all our internal and external stakeholders, since it stands for the social responsible business practices of a company balancing people, planet and profit.Read more