Ownership and the role of OTE:

• The Company’s sole shareholder is the Czech Republic. The Czech Ministry of Industry and Trade is entrusted by the government to exercise the shareholders’ rights.
• OTE’s operations reaffirm the Company’s irreplaceable position on the electricity and gas markets in the Czech Republic.

Core operations comprise:

• evaluation and financial settlement of imbalances between contracted and metered supply and consumption of electricity and gas;
• organization of the short-term electricity market (block, day-ahead, Intraday)
• organization of the short-term gas market (intraday)
• organization of the balancing market with regulation energy;
• processing and exchange of data and information related to the
• electricity and gas markets through the Centre of Data Services, 24 hours a day, 7 days a week;
• administration of support for renewable energy sources;
• issuance of guarantees of origin of electricity from renewable energy sources;
• administration of the national registry for greenhouse gas emission units and allowances trading;
• provision of technical support for change of electricity and gas supplier in customer points of delivery;
• preparation of monthly and yearly reports on the electricity market and the gas market in the Czech Republic;
• preparation of reports on projected electricity and gas consumption and the method of ensuring balanced electricity and gas supply and demand;
• REMIT Reporting of trade data.

OTE, a.s., has been actively engaged in professional organizations and their working groups in the Czech Republic and abroad (AEM, CIGRE, EUROPEX, WEC, Price Coupling of Regions (PCR), Association of Issuing Bodies (AIB)). The Company’s goal is to promote liberal and transparent principles on the electricity and gas markets, participate in formulating rules governing these markets, and ensuring free and equal access to those markets for all market participants. In connection with Commission Regulation (EU) No. 2015/1222, the Market Operator has scored a significant success by obtaining the status of “Nominated Electricity Market Organizer” (NEMO).

In 2015 the services provided by the Market Operator were expanded to include reporting of trade data from OTE’s short-term markets, set out in Regulation (EU) No. 1227/2011 of the EP and of the Council on wholesale energy market integrity and transparency (REMIT). In connection with this obligation the Market Operator has been registered by ACER as a Registered Reporting Mechanism (RRM).