OKTE, a.s. is a Short-term cross-border electricity market operator pursuant to § 37 section 4 letter a) of the Act No. 251/2012 Coll. on energy and on alteration and amendment to certain laws (The Act on Energy sector). The Short-term cross-border electricity market operator operates according to the Act on Energy sector, the Act No. 250/2012 Coll. on Regulation of Network Industries (The Act on Regulation), the Ordinance of the Regulatory Office for Network Industries No. 24/2013 Coll. determining the internal electricity market rules and internal gas market rules (Market Rules) and the Operation Order OKTE, a.s. (Operation Order). Business activity listed above is regulated and is liable to price regulation of the Regulatory Office for Network Industries.
The organized Short-term cross-border electricity market enables the participants of the electricity day-ahead market to use their offer or demand for electricity, to increase possibilities for balancing their business positions before execution of supply/demand and to reduce probability of the imbalance settlement origination between the planned and actual value of electricity supply/demand.
Since 19th November, 2014, OKTE, a.s. together with national regulatory authorities, transmission system operators and operators of national markets in the Czech Republic, the Slovak Republic, Hungary and Romania, it successfully commissioned and operates common Short-term cross-border electricity market of the Czech, Slovak, Hungarian and Romanian markets in electricity in the form of implicit allocation of transmission capacities on the joint cross-border profiles. Integration of these national markets is one of the steps which shall result in creation of a single European market in electricity.
OKTE, a.s. is responsible for:
• Registration of Short-term market participants,
• Registration of orders,
• Matching of orders,
• Evaluation, billing and settlement of Short-term market,
• Data publishing.