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.

Within the international cooperation, from 22nd November, 2011, OKTE, a.s. is a member of the international association of exchanges and market organisers Europex. Europex associates exchanges and market organisers from the European Union countries which provide for trading in electricity, gas or emission quotas. Within the membership in Europex, OKTE, a.s. together with its further members strives for assertion of tasks of energy exchanges and market organisers in the European Union, increase of economic competition by establishment of price transparency, dealing with issues covering establishment of a single European market and communication and cooperation with the institutions within the European Network of Transmission System Operators for Electricity and Gas (ENTSO-E, ENTSO-G) and with the Agency for Cooperation of Energy Regulators (ACER), etc.

Mr Cabala graduated from the Faculty of Electrical Engineering and Information Technology in Bratislava, specialization of electricity production, transmission, distribution and utilisation. He completed the postgraduate studies in 2010. Almost his entire professional career he has been closely linked to the transmission system operator, where he served since 2002 in various positions related to the strategy and development of the transmission / power system as well as the system management and market services.

In the period from 2009 to 2010 he was a Director of Electricity Regulation Department at the Regulatory Office for Network Industries. Since 2012 he has been a Chairman of the Board of Directors of OKTE, a. s., which main functions are the organization and evaluation short-term cross-border electricity market, imbalance settlement, and effective as from 1st January 2014 the collection, management and making available of the measured data, and central invoicing of charges related to the system operation.