Audax is an independent Spanish integrated utility with 5% market share in the SME market in its home market. Geographically diversified (41% revenues outside Spain) and with varied sources of supply (20% energy from PPAs in 2023), Audax is more defensive than small players. In the coming years, as it draws on cheaper supply and cranks up its own generation, Audax should grow its margin while continuing to grab market share from the big players.
Neither too big, nor too small
The leading indep ....
12 Mar 2021
Greening from year to year
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Greening from year to year
Audax is an independent Spanish integrated utility with 5% market share in the SME market in its home market. Geographically diversified (41% revenues outside Spain) and with varied sources of supply (20% energy from PPAs in 2023), Audax is more defensive than small players. In the coming years, as it draws on cheaper supply and cranks up its own generation, Audax should grow its margin while continuing to grab market share from the big players.
Neither too big, nor too small
The leading indep ....