Power Trader Enters Retail Energy Market

Power trading company Nexus Energy Inc. formally announced that it is entering the Ontario non-residential retail electricity market with the launch of its new division, Nexus Energy Origination.

Of note, Nexus Energy also offers wholesale trading and related services in several U.S. RTOs; specifically, MISO, NYISO and PJM.

Gary Wight, who formerly served as a vice president in Constellation's Ontario division, leading business development and other areas, was named to lead Nexus Energy Origination

"Nexus Energy Origination was created to support our clients in reaching their environmental goals, including saving energy," said Alvin Tang, CEO, Nexus Energy. "We provide a cost-focused service that offers zero-carbon transition opportunities, which will help our customers as they work to reduce their carbon footprint to net-zero."

Nexus Energy also announced that it is no longer affiliated with Nexus Renewables. As of May 17, 2022, Nexus Energy sold its investment stake in Nexus Renewables and is fully divested from the company.

"Nexus Energy's divestment was carried out with a focus on continuing to create stakeholder value," said Tang. "This divestment allows Nexus Energy to make high growth investments in other business lines that are aligned with, and accelerate, Nexus Energy's strategic objectives, such as Nexus Energy Origination."