Implementation of negative prices starting from February 1st, 2012
OKTE, a.s. announces to the market
participants an implementation of negative prices nomination on
day-ahead electricity market in Slovak Republic. The implementation
will have been done in cooperation with Czech market operator OTE,
a.s. from the trading day February 1st, 2012. Market participants
will be able to enter prices in their orders for purchase and sale
of electricity in the range of -3 000,00 EUR/MWh to +3 000,00
EUR/MWh in the system XMtrade/ISOT starting from January 31st, 2012
for trading day of February 1st, 2012. Current prices range from
0,01 EUR/MWh to 4 000,00 EUR/MWh is valid for all orders only up to
trading day of January 31st, 2012. All electricity sale orders at
negative price will be compared against market participant's
available financial guarantee.
Zero or negative marginal price can occur by matching orders in
some specific trading hours starting from February 1st, 2012. By
statement of Tax Directorate of the Slovak Republic dated October
4th, 2011, electricity trading at negative prices represents
services of recipient to provider of electricity. The sale of
electricity at zero price has a character of delivery of goods that
is considered as a free of charge by the electricity provider. By
statement of the Customs Directorate of the Slovak Republic dated
June 28th, 2011, the subject to the excise taxation in case of
chargeability is total volume of sold electricity at positive, zero
and negative prices. The excise tax on electricity sold at negative
prices is not subject to VAT.
The daily settlement of DAM will be based on the daily confirmation
of assets and liabilities by OKTE, a.s. including payments for
purchase and sale of electricity at negative prices. The monthly
billing of DAM will be executed by two separate billing invoices
for delivery of goods and supply of service based on monthly
confirmation issued by OKTE, a.s. The monthly billing invoices for
supply of service will be issued by every market participant, who
has purchased electricity in any trading hours with a negative
marginal price. Excise tax on electricity sold at negative prices
to market participant will be settled in the monthly billing
invoice for delivery of goods issued by OKTE.
Example of XMtrade/ISOT documents as well as statements of the Tax
Directorate of the Slovak Republic and Customs Directorate of the
Slovak Republic about tax treatment (both in Slovak language) can
be found in attachment of this announcement.
The web service EVALUATIONS of the XMtrade/ISOT for results and
evaluation of DAM has been extended in the context of the
implementation of negative prices on DAM. Updated Technical
specification of ISOT external interfaces is also enclosed as an
attachment.
Attachment:
Vzory dokladov
Size 185,57 kB
Stanovisko DR SR
Size 686,15 kB
Stanovisko CR SR
Size 1 263,66 kB
ISOT Technická špecifikácia externých rozhraní pre
účastníkov trhu
Size 1 307,10 kB