OKTE, a.s. organizes a short-term cross-border electricity market and ensures the elimination of imbalances in the Slovak Republic. It cooperates with all participants in the electricity market.
OKTE, a.s. is a Slovak company, electricity market operator, subsidiary of the Transmission System Operator (Slovenská elektrizačná prenosová sústava, a.s.).
OKTE, a.s. is a member of the International Association of Exchanges and Market Organizers EUROPEX, which unites exchanges and market organizers from the European Union.
Short-term electricity Market Operator - OKTE, a.s. (hereinafter referred to as the "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 organizers EUROPEX. EUROPEX associates exchanges and market organizers 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 organizers 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.