Short-term electricity Market Operator
|Headquarters:||Mlynské nivy 59/A, 821 09 Bratislava, Slovakia|
|Date of foundation:||1 January 2011|
|General Manager:||Michal Cabala|
|Traded commodities and traded volumes in 2016:||Electricity day-ahead traded volumes : 9,128 TWh|
|Current number of employees (March 2017):||33|
|Annual report(s):||OKTE 2011-2013 Annual Reports|
Short-term electricity Market Operator – OKTE, a.s. started with an activities since 1st January 2011. OKTE, a.s. was established as a subsidiary of Transmission System Operator (Slovenská elektrizačná prenosová sústava, a.s.) which is the owner of 100% of shares. Within electricity market in the Slovak Republic, OKTE, a.s. is classified by Energy Act as the entity that is subject to regulation by Regulatory Office for Network Industries (RONI), is authorized for activities as Short-term electricity Market Operator in the Slovak Republic.
OKTE, a.s. shall treat all electricity market participants on the basis of open, transparent and non-discriminatory conditions when providing services. The scope of activities OKTE, a.s. arises out of international and national legal documents. OKTE, a.s. organize and evaluate the organized Short-term cross-border electricity market and provide clearing of imbalances in the Slovak Republic. Simultaneously OKTE, a.s. is in the process extension of its scope of activities, specially the administration and collection of metered values and central invoicing.
OKTE, a.s. actively cooperates upon execution of its activity within the national cooperation with several state institutions (the Ministry of Economy of the Slovak Republic, the Regulatory Office for Network Industries), with the Transmission System Operator in the Slovak Republic, with distribution systems operators as well as other market participants.