Financial Settlement

OTE financial settlement schedules

OTE financial settlement gas.pdf (150 KB)

OTE price list - gas

NETTING of payments as of 1st March 2011

As of 1st March 2011 changes in financial settlement of the electricity and gas market will take place. The changes involve netting (credit and debit set-off) of daily payments for a particular commodity, day of delivery and currency. The netting will be also applied on the clearing of imbalance of Load profiles invoiced after 1st March 2011. You can find the description of the changes in the documents to be downloaded below:

OTE payment netting - gas.pdf (425 KB)

The first netted amounts will be processed on the 02/03/2011 when we will settle the day of delivery 01/03/2011,
the payments for days of delivery before 01/03/2011 will be processed without netting applied.
Below you can see the identification (code of trade) that will be used in our reporting and the reference numbers of the netted amounts:

Identification of netted items in financial settlement

Code of trade	Commodity	Currency	Reference number credit of participant	Reference number debet of participant
EE0	power	EUR	877*******	977*******
EC0	power	CZK	877*******	977*******
TD0	power - load profiles	CZK	7779******	7779******
GE0	gas	EUR	588*******	599*******
GC0	gas	CZK	588*******	599*******
TP0	gas - load profiles	CZK	7759******	7759******

These identifications and reference numbers will be used even if there is only one trade/payment (credit or debit) per day of delivery and currency.
More payments in same direction (for example only purchases=debits) , day of delivery and currency will be summed up and the total amount will be cleared using the above identifications.

After netting is applied, participants can use only 1 bank account in CZK and 1 bank account in EUR for financial settlement with OTE. If you currently use more than
1 account in CZK with OTE, please contact our Registrations (registrace@ote-cr.cz, registrace-plyn@ote-cr.cz) and designate the account in CZK to be used in future.
OTE will primarily use its CZK imbalance settlement accounts when clearing netted transactions in CZK.

XML message format to set up the downloading of Daily payment report is available on our web site:

http://www.ote-cr.cz/about-ote/OTE_news/aktualni-verze-manualu-formatu-zprav-xml-xsd-a-wsdl-sablon-pro-elektrinu-a-plyn-platne-od-18.2.2011

Further questions send to mivanek@ote-cr.cz.