OrganisationDE
LichtBlick
Hamburg-based German retail green energy company and subsidiary of Eneco; one of Germany's largest residential energy retailers.
Last refreshed: 22 May 2026 · Appears in 1 active topic
Key Question
How is Germany's largest green energy retailer protecting its customers from winter gas prices?
Timeline for LichtBlick
#1119 May
Received 2.2 TWh/year Norwegian gas from Equinor via Eneco from April 2026
European Energy Markets: Equinor locks in five-year retail stripCommon Questions
- What is LichtBlick and how many customers does it have in Germany?
- LichtBlick is Germany's largest independent green energy retailer, founded in Hamburg in 1998, with over 1.5 million customers. It is owned by the Dutch energy company Eneco.Source: LichtBlick official
- How is LichtBlick hedging its gas supply for winter 2026?
- Parent company Eneco signed a five-year gas supply strip with Equinor at approximately EUR 47-50/MWh TTF in May 2026, locking in forward gas supply for LichtBlick's retail book.Source: european-energy-markets briefing
- Who owns LichtBlick?
- LichtBlick is owned by Eneco, a Dutch integrated energy company acquired by Mitsubishi Corporation and Chubu Electric Power in 2020.Source: Eneco / LichtBlick official
Background
LichtBlick is the German retail vehicle whose gas supply book was hedged by Eneco's five-year strip with Equinor in May 2026. With 1.5 million customers, LichtBlick's hedge reflects how Germany's largest independent green retailer is managing forward risk on a EUR 47-50/MWh TTF reference.
How the World Sees Them
Eneco (parent)
LichtBlick is Eneco's entire German retail exposure; the five-year Equinor strip locks in procurement cost certainty for the book against a winter supply picture that remains unresolved.
German retail customers
LichtBlick customers' gas tariffs are partially shielded by the Equinor strip, but pass-through timelines and hedge structure determine how much of the protection reaches the household bill.
German retail energy market
LichtBlick's strip is the largest independent retailer hedging decision in May 2026; competitors with smaller books and shorter hedges face more spot exposure heading into winter.