<p>In connection with the amendment to Decree No. 344/2012 Coll., on the State of Emergency in the Gas Industry and the Method of Ensuring the Security Standard of Supplies, a <a href="https://www.ote-cr.cz/../../statistics/security-standard-of-supplies-gas-sss?set_language=en">table</a> showing the possibility of the gas trader to take measures regarding the security standard of supplies according to the conditions set out in Annex 3 of the above mentioned Decree has been made available on the OTE public website in the section Statistics =&gt; Security Standard of Supplies – GAS.</p>

<p>EP Commodities AG has been registered in the central system OTE as a balance responsible party with access to the short-term power and gas markets organized by OTE with effect from 1st October 2024. Currently the short-term power markets have 145 members and the short-term gas market has 134 members.</p>

<p>Download the monthly electricity and gas market report <a data-val="071dd15ff8a74e88854cf45e07e6a79b" href="https://www.ote-cr.cz/en/about-ote/ote-news/monthly_market_report_08_2024-1.pdf" data-linktype="internal">HERE</a>.</p>

<p>On September 23, 2024, the NEMO Committee’s 2nd Annual Conference took place in Athens, welcoming representatives from the energy sector. The conference was organized by Nominated Electricity Market Operators (‘NEMOs’) from across Europe. Ondřej Máca, Head of Market Development at OTE, a.s. and Chairman of the NEMO IDSC (Nominated Electricity Market Operator Intraday Steering Committee), also actively participated in the panel titled "20 YEARS OF INTEGRATED MARKETS IN EUROPE: WHAT\'S NEXT?". The meeting provided a comprehensive overview of the progress in integrating European electricity markets, challenges faced, and key topics for the upcoming period.</p> <p>Crucial discussions centered around the future development of the Single Day-Ahead Coupling (‘SDAC’) and Single Intraday Coupling (‘SIDC’) markets, particularly in light of the European electricity market reform (‘EMD’), which came into effect in July this year, as well as the expectations for the upcoming CACM 2.0 Regulation (‘CACM,’ Commission Regulation (EU) 2015/1222 of July 24, 2015, establishing a guideline on capacity allocation and congestion management).</p> <p>The conference also provided an opportunity to present <a href="https://www.nemo-committee.eu/assets/files/cacm-annual-report-2023.pdf">the 2023 CACM Annual Report</a>. In the closing session related to the integration of non-EU countries, particularly those associated through the Energy Community (‘EnC’), the status and complexity of future integration of EnC members into the Single Day-Ahead and Intraday Coupling (‘SDAC‘ a ‘SIDC‘) was discussed. During the panel discussion, Ondřej Máca emphasized that open dialogue and continuous cooperation among all stakeholders are essential to ensuring the stability and efficiency of the European electricity market.</p> <p>Further details can be found in the official NEMO Committee press release <a href="https://www.nemo-committee.eu/assets/files/the-all-nemo-committee-celebrated-its-second-annual-conference.pdf">here</a>.</p>

<p><strong><span style="font-size: 10.5pt; font-family: Roboto;">Enki Trading s.r.o. </span></strong><span style="font-size: 10.5pt; font-family: Roboto;">was terminated in the central system OTE as a balance responsible party in gas markets as of 30th September 2024. Currently the short-term power markets have 144 members and the short-term gas market 133 members.</span></p>

<p><strong><span style="font-size: 10.5pt; font-family: Roboto;">PMP Energy, s.r.o. </span></strong><span style="font-size: 10.5pt; font-family: Roboto;">was terminated in the central system OTE as a balance responsible party in power markets as of 30th September 2024. Currently the short-term power markets have 144 members and the short-term gas market 134 members.</span></p>

<p><strong><span style="font-size: 10.5pt; font-family: Roboto;">Ekologické Zdroje Energie s.r.o. </span></strong><span style="font-size: 10.5pt; font-family: Roboto;">was terminated in the central system OTE as a balance responsible party in power markets as of 30th September 2024. Currently the short-term power markets have 145 members and the short-term gas market 134 members.</span></p>

<div class=" relative ml-[2px] -mt-[4px] "> <div class="prose dark:prose-invert " style="width: 622px;"> <p>On the page <a href="https://www.ote-cr.cz/../../documentation/xsd-wsdl-ote-public-web-services/xml-message-formats-xsd-templates-for-suggestions" class="state-published navTreeCurrentItem navTreeCurrentNode active contenttype-document" title="">XML message formats, XSD templates for suggestions</a> we have just published a new version of the templates for suggestions.</p> <p>The new version of the ISOTEDATA template, which will be deployed to the CS OTE production environment on<strong> September 23, 2024</strong>, is now available for testing in the Sandbox testing environment.</p> <p>For more information, please visit the aforementioned page.</p> </div> </div>

<p style="text-align: justify;"><strong>The development of trading on the day-ahead electricity market (DAM) organized by OTE, a.s. contributes to the price reduction. In the spring and summer months of 2024, there was an increase in trades at a negative price. This increases the number of hours when the customer does not pay for the consumption of electricity, but on the contrary gets paid, and thus its costs are reduced. Almost 50 days between April and August, electricity was traded at a negative price on the day-ahead market, which is almost three times as many cases as in the same period last year. The highest negative price achieved was - 138.75 EUR/MWh on 12.5. 2024. </strong></p> <p style="text-align: justify;">The most hours with a negative price were during April to June. This confirms the fact that the production from photovoltaic power plants (PVE) is strongly influenced not only by the number of hours when the sun shines, but also by the outdoor temperature. The efficiency of PV production decreases with increasing temperature (in summer, during days with high temperatures, PV plants achieve lower efficiency than in spring or autumn).</p> <p style="text-align: justify;">“I welcome that OTE\'s short-term markets contribute to achieving lower prices and greater business opportunities. Negative prices and price volatility in general can motivate market participants to greater activities within the energy markets, implementation and development of accumulation and provision of flexibility on the consumption side as well," says Michal Puchel, Chairman of the Board of Directors of OTE.</p> <p style="text-align: justify;">Short-term electricity markets organized by OTE, a.s. successfully help the electricity market not only in situations where there is a shortage of electricity, but also in situations where there is a significant surplus of energy on the market due to weather conditions. As a result, trading on short-term markets organized by OTE contributes not only to consumers, but also to the reduction of energy procurement costs, allows traders to reduce imbalance costs and is a suitable tool for increasing supply reliability in times of surplus production from renewable energy sources (sun, wind). For the sake of interest, it is also important to mention the fact that when trading on the day-ahead electricity market, there are also hours in which the electricity price is zero. This occurred 26 times in the period from April to August 2024. Prices also develop in the intraday electricity markets organized by OTE in a similar way to the daily market.</p> <p style="text-align: justify;">The development of trading at negative prices on the day-ahead electricity market compared to the average price achieved on the day-ahead electricity market is shown in the following figure.</p> <p> <img src="https://www.ote-cr.cz/en/about-ote/ote-news/pr_increase-in-negative-pricing-hours-on-the-day-ahead-electricity-market-in-2024.png/@@images/9e8fe203-a6fc-46c9-a1ff-9ce7094006a5.png" style="display: block; margin-left: auto; margin-right: auto;" data-linktype="image" title="PR_Increase in Negative Pricing Hours on the Day-Ahead Electricity Market in 2024.png" data-val="a57d3a5a5365493c883d0e5214e31c91" data-scale="large" alt="PR_Increase in Negative Pricing Hours on the Day-Ahead Electricity Market in 2024.png" class="image-inline" /></p> <p style="text-align: center;">The press release in PDF format is available <a data-val="77fc8dd30ce144cfa75c906b78f3162f" href="https://www.ote-cr.cz/en/about-ote/ote-news/pr_increase-in-negative-pricing-hours-on-the-day-ahead-electricity-market-in-2024.pdf" data-linktype="internal">here</a>.</p>

<p>RS energie s.r.o. has been registered in the central system OTE as a balance responsible party with access to the short-term power and gas markets organized by OTE with effect from 1st September 2024. Currently the short-term power markets have 146 members and the short-term gas market has 134 members.</p>

<p>Raccoon Energy s.r.o. has been registered in the central system OTE as a balance responsible party with access to the short-term power markets organized by OTE with effect from 1st September 2024. Currently the short-term power markets have 145 members and the short-term gas market has 133 members.</p>

<p>GridStream a.s. has been registered in the central system OTE as a balance responsible party with access to the short-term power markets organized by OTE with effect from 1st September 2024. Currently the short-term power markets have 144 members and the short-term gas market has 133 members.</p>

<p>Download the monthly electricity and gas market report <a data-val="7e3dfc7135274113b5b2a17a020c8c59" href="https://www.ote-cr.cz/en/about-ote/ote-news/monthly_market_report_07_2024.pdf" data-linktype="internal">HERE</a>.</p>

<p><strong>Intraday electricity auctions and opportunity to trade electricity every quarter-hour, which were introduced by the market operator during the last days of June, have a positive effect on electricity prices. Already in the first half of July, there was a further increase in trades on the intraday electricity markets organized by OTE. In July 2024, daily average volume of 16,600 MWh was traded on these markets (≈ average annual consumption of 6,600 households). This fact led to a reduction in the cost of imbalance. Intraday auctions, together with the possibility to trade every quarter-hour, are therefore a very good tools for electricity traders. This increases the possibilities to react more efficiently and quickly to the current situation on the market and to contribute to the overall reduction of the electricity price. This type of trading contributes to the further development of renewable sources, the introduction of electricity sharing, accumulation and the provision of flexibility aggregation services. Traders and producers have a continuous overview of the current situation on the market, are more active and thus create greater pressure to achieve the most favourable price.</strong></p> <p>"The introduction of a new way of trading through intraday auctions across Europe and the transition to a quarter-hour imbalance settlement and trading period in the Czech Republic extends the possibilities of integrating renewable resources and consideration of the effect of weather on their production. There is also additional opportunity on the consumption side to respond to price movements, with an effort to reduce prices for consumers," says Michal Puchel, Chairman of the Board of Directors of OTE, a.s.</p> <p>"Intraday electricity auctions are a new tool that also effectively allocates available transmission capacity to bidding zones so that the obtained prices of cross-border capacities in individual bidding zones reflect their shortage at a given time and thus send additional price signals to the market. Simply put, both traders and producers have a better overview of current price signals, which motivates them to buy and sell electricity. As a result, the entire market is more effective and creates pressure to find a balanced electricity price," says Igor Chemišinec, vice chairman of the board of OTE, a.s.</p> <p>Intraday auctions take place in cooperation with other EU market operators (NEMOs) and transmission system operators every day at 3:00 p.m., 10:00 p.m. and 10:00 a.m. As part of its intraday market trading platforms, OTE allows market participants to trade 15 and 60-minute continuous products and in intraday auctions. Traders and producers use these tools every day. The current ratio of individual trading options is 70% for intraday products with a 60-minute period, 20% for a 15-minute period and 10% for intraday auctions. In total, 2.715.000 MWh of electricity was traded on the intraday and day ahead electricity market in July, which for an idea was the net electricity consumption of two large regions of the Czech Republic for the last quarter of 2023.<br />_{The press release is available as a PDF <a data-val="38550ba6fe6f48118332ebb598b441b1" href="https://www.ote-cr.cz/en/about-ote/ote-news/20240815_press-release_ida.pdf" data-linktype="internal">here</a>.}</p>

<p>The Updated OTE Business Terms for the gas market (Revision 24 – July 2024) have been published on the OTE website. The updated OTE Business Terms for the gas market were approved by the Energy Regulatory Office on 5^th August 2024 and <strong>became effective from 20^th August 2024.</strong></p> <hr /> <ul> <li><a data-val="https://www.ote-cr.cz/cs/registrace-a-smlouvy/smluvni-vztahy-plyn/opp_rev23_cistopis.pdf" href="https://www.ote-cr.cz/../../../cs/registrace-a-smlouvy/smluvni-vztahy-plyn/opp_rev23_cistopis.pdf" data-linktype="external">Business terms of OTE for the Gas market.pdf</a> - Revision 24 - July 2024</li> <li><a data-val="https://www.ote-cr.cz/cs/registrace-a-smlouvy/smluvni-vztahy-plyn/opp_rev23_zmenove.pdf" href="https://www.ote-cr.cz/../../../cs/registrace-a-smlouvy/smluvni-vztahy-plyn/opp_rev23_zmenove.pdf" data-linktype="external">Business terms of OTE for the Gas market</a> – track changed  - Revision 24 - July 2024</li> </ul> <p>Currently in editing progress, temporarily only in the Czech version.<br /><br /></p> <hr /> <p> Annexes No. 1, 2 and 3 were not changed in this revision.</p>

<p>Download the monthly electricity and gas market report <a data-val="cd4503156ac9486a923e5ce84a9edf26" href="https://www.ote-cr.cz/en/about-ote/ote-news/monthly_market_report_06_2024.pdf" data-linktype="internal">HERE</a>.</p>

<p>Please be informed that we have published message formats and XSD templates suggestions for  Electricity and Gas:</p> <ul> <li><a href="https://www.ote-cr.cz/../../documentation/electricity-gas-documentation-for-suggestions" class="state-published navTreeCurrentItem navTreeCurrentNode active navTreeFolderish contenttype-folder" title="">Electricity/Gas documentation for suggestions</a></li> </ul> <p>Please send your suggestions by <strong>August 7, 2024</strong>. The deployment of these templates is scheduled for the system outage on <strong>August 20, 2024</strong>.</p>

<p>C A Commodities A/S has been registered in the central system OTE as a balance responsible party with access to the short-term power markets organized by OTE with effect from 1st August 2024. Currently the short-term power markets have 143 members and the short-term gas market has 133 members.</p>

<p style="margin: 0cm 0cm 7.5pt 0cm;">Amper Market, a.s. was terminated in the central system OTE as a balance responsible party in the power and gas market as of 31<span style="color: black;">st July</span> 202<span style="color: black;">4</span>. Currently the short-term power markets have 1<span style="color: black;">42</span> members and the short-term gas market 1<span style="color: black;">33</span> members.</p>

<p>ENETIQA Trading s.r.o. has been registered in the central system OTE as a balance responsible party with access to the short-term power markets organized by OTE with effect from 1st August 2024. Currently the short-term power markets have 143 members and the short-term gas market has 134 members.</p>