OKTE, a.s. successfully accomplished registration for data reporting according to REMIT
On 20 August 2015 OKTE, a.s. successfully finalized its registration as "Registered Reporting Mechanism (RRM)" with the Agency for the Cooperation of Energy Regulators (ACER) in line with requirements of the Regulation on Wholesale Energy Market Integrity and Transparency (REMIT).
In order to be registered as RRM OKTE, a.s. had to fulfil
demanding technical, legislative and administrative requirements in
the areas of data quality, operation, governance, and
communication. This was a necessary process to comply with the
obligations imposed by REMIT on OKTE, a.s., as a holder of
licence for organizing short-term electricity market in Slovakia,
to offer a contract for reporting of transaction in Organized
Market Place as from 7 October 2015.
Prior to the start of the reporting of transactions realized on
organized short-term electricity market (ISOT platform), market
participant needs to conclude with OKTE, a.s. the Amendment to the
Agreement on the Access to and the Conditions for Participation in
the Organized Short-Term cross-border Electricity Market, and the
Agreement on Transaction Reporting Realized in the Organized
Short-Term Cross-Border Electricity Market.
OKTE, a.s. will soon distribute the above mentioned contracts to organized short-term market participants. For a trouble-free registration in the system of RRM OKTE, a.s. their signing is needed in the first half of September 2015.
OKTE, a.s. registered by ACER is able to arrange reporting of orders to trade and realized transactions placed on and prepared by other organized market place (OOMP) in given ACER format. At present there is one OOMP that will report data via RRM OKTE, a.s. namely the company SPX, .s.r.o.
In addition to fulfilling its legislative obligations OKTE,
a.s. will offer the arrangement of reporting services to all
electricity and gas market participants for further transactions,
mainly bilateral contracts (so called Over-The-Counter, OTC), and
final nominations of transmission system operators that are
reportable as of 7 April 2016.
Market participant who intends to report transactions realized outside of ISOT platform needs to conclude with OKTE, a.s. only Agreement on supply of data for performing the data reporting according to REMIT and Implementing Regulation (REMIT Contract).