OTE, a.s.
Czech electricity and gas market operator
Headquarters: | Sokolovská 192/79, 186 00 Prague 8 – Karlín, Czech Republic |
Location(s): | Prague, Czech Republic |
Date of foundation: | Date of foundation: 18 April 2001 Start of operation: 1 January 2002 |
Chairman of the Board of Directors: | Aleš Tomec |
Traded commodities and traded volumes in 2019: | Electricity Block market: 5.4 GWh DA market: 23.79 TWh ID market: 1,111 GWh Gas ID market: 4,670 GWh |
Number of employees (February 2018): | Regular employees: 76 Board of Directors: 3 Supervisory Board: 6 |
Annual report(s): | OTE Annual Reports |
Website: | ote.cz |
About
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;
- Organisation of the short-term electricity market (block, day-ahead, Intraday);
- Organisation of the short-term gas market (intraday);
- Organisation 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.
Member of the Europex General Assembly
Aleš Tomec, Chairman of the Board of Directors
