APCS – Power Clearing and Settlement

APCS was founded in 2000, during the liberalisation of the Austrian electricity market. The responsibilities of APCS are defined in the Austrian National Electricity Act (Elektrizitätswirtschafts- und -organisationsgesetz – ElWOG) and include, among other tasks, the administration of balancing groups and the calculation, clearing and settlement of imbalances.

APCS is legally required to contract with all market participants. Currently APCS has contracts with some 350 different companies playing different roles in the market, including balance responsible parties (BRPs), suppliers and grid operators.

APCS is a privately owned incorporated company with a legal mandate. APCS is owned by several private companies in the IT, banking and electricity sectors. The largest shareholder owns a 17% share, while electricity companies own 46% of the shares which guarantees a minority influence. APCS considers itself fully independent.

Besides its clearing agency activities, APCS has the obligation to operate a centralised electronic platform to support the supplier switching process. Via this platform, ENERGYLink, suppliers and grid operators exchange information related to consumer supplier switching.

Facts & Figures

Headquarters

Palais Liechtenstein Alserbachstraße 14-16

1090 Vienna

Austria

Date of foundation


8 July 2001

Members of Management Board

 

Wolfgang Aubrunner

Josef Holzer

Franz Keuschnig

Number of employees (2020)

 

N/A (operated by service provider: CISMO Clearing Integrated Services and Market Operations GmbH)

Annual report(s)

Website

Traded commodities and traded volumes in 2016

2.696 GWh

Europex GA member

Josef Holzer

Member of the Management Board

Europex contact person

Philip Rodemeyer

Clearing & Risk Management

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Member of the Europex General Assembly

APCS – Power Clearing and Settlement AG

Palais Liechtenstein
Alserbachstraße 14-16
1090 Vienna
Austria