“VERBUND conducted the company law directive decartelisation of its business sectors as early as 1999,” according to Haider. “The business area of power transmission has been spun off into an own joint-stock corporation with an independent board of directors, its own employees and, naturally, its own assets. There is no contact whatsoever between our production division and the mains operation. This goes so far as to there being a physical separation of the mains company. Therewith, an important prerequisite for more competition on the Austrian electricity market has been fulfilled from our side.”
In its capacity as operative management holding company, VERBUND, the Österreichische Elektrizitätswirtschafts-AG, exercises the corporate management of its subsidiary companies and, together with these, forms the VERBUND Group, which employees around 2,400 persons. Five independent companies, including three joint-stock companies, carry out the core business. The VERBUND electricity production is concentrated in two companies, the VERBUND-Austrian Hydro Power AG (AHP) and the VERBUND-Austrian Thermal Power GmbH & Co KG (ATP). The VERBUND-Austrian Power Grid AG (APG) was founded as a VERBUND mains company. The VERBUND-Austrian Power Trading AG (APT) is responsible for the electricity sales. Since mid 20005, VERBUND has been active on the Austrian consumer market with VERBUND-Austrian Power Sales GmbH (APS). Furthermore, VERBUND has a 35 percent holding in the Kelag and the Steweag Steg GmbH, respectively.