Basic facts
| Company name | OTE, a.s. |
|---|---|
| Location | Sokolovská 192/79, Praha 8 Karlín, PSČ 186 00 |
| Identification number | 26 46 33 18 |
| Tax No. | CZ26463318 |
| Juridical form | Akciová společnost |
| Registred | In Commercial register in Prague, part B, file 7260 |
| Bank account | KB Praha 1, 19-5582760247 / 0100 |
OTE, a.s., the Czech electricity and gas market operator, (OTE) is a joint-stock company established in 2001. OTE provides comprehensive services to individual electricity and gas market players. OTE commenced organizing trading in the day-ahead electricity market in 2002 and the intra-day and block electricity markets in later years. OTE has been the market operator on the gas market since 2010 including operation of the day-ahead gas market and intraday gas market. Continuous data processing and exchange required for the accounting and settlement of imbalance between the contractual and actual volumes of electricity and gas supplied and received are among services offered by the OTE to players in the Czech electricity and gas markets, as well as administrative procedures associated with a switch of the supplier. The OTE also administers the National Register of Greenhouse Gas Emissions. OTE is the holder of the license for market operator´s activities, which includes activities in the electricity and gas market in the Czech Republic.
Key business activities:
- Evaluation, billing and settlement of imbalances between the contracted and metered electricity and gas supply or consumption,
- Organization of the short-term electricity and short-term gas market in cooperation with the transmission system operator also the organization of the regulating energy balancing market,
- Compilation of monthly and yearly reports on the electricity market and monthly and yearly reports on the gas market in the Czech Republic,
- Compilation of reports on future projected electricity and gas consumption, and on the method of ensuring a balance between electricity and gas offer and demand,
- Preparation of documents for draft Electricity Market Rules and Gas Market Rules,
- Ensuring real values of electricity and gas supply and consumption for market participants,
- Ensuring preparation of load profiles in collaboration with distribution systems’ operators,
- Drafting of market operator’s business terms for the power sector and for the gas sector,
- Billing and settlement of regulating energy and balancing gas including billing during emergencies.
Social responsibility:
- Code of Ethics (in PDF format)
- Ethical whistleblowing line - information brochure (in PDF format)
