<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 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>

<div style="overflow: auto;"> <div style="float: left;"> <h3>Market Coupling Steering Committee</h3> </div> <div style="float: right;"><img src="https://www.ote-cr.cz/cs/o-spolecnosti/zpravy_ote/mcsp-1.png/@@images/906087db-3028-42d3-9e33-357a24f9a89f.png" data-linktype="image" title="Market Coupling Steering Committee" data-scale="large" width="349" alt="Market Coupling Steering Committee" height="95" data-val="8956b7b6ee6c44b381bfbc4cedb90d25" /></div> </div> <hr /> <p>The Market Coupling Steering Committee (MCSC) provides more information to the partial decoupling of the Single Day Ahead Coupling (SDAC) taking place on 24 July 2024 (for delivery date 25 July 2024).</p> <ul> <li>Countries/Bidding zones decoupled from the SDAC auction: the Czech Republic</li> <li>Interconnectors decoupled from the SDAC auction: CZ-AT, CZ-DE/LU, CZ-SK, SK-PL</li> <li>Order book decoupled from the SDAC auction: OTE (CZ)</li> </ul> <p>The incident was caused by local issues at OTE Local Trading System preventing the order books from OTE from being submitted before the operational deadline. The problem could not be fixed within the time allocated by the SDAC procedures and a partial decoupling was declared at 13:05 CEST in line with the relevant procedures.</p> <p>As a consequence of this local issue, OTE was also decoupled from IDA 3 at 10:00 CEST and IDA 1 at 15:00 CEST according to the operational procedure. Further NEMOs were decoupled from IDA 1 at 15:00 CEST following the SDAC Partial decoupling.</p> <p>The robust organization of market coupling worked as expected and ensured the coupling of the remaining part of the SDAC topology. The final SDAC market coupling results were published at 14:15 CET/CEST. The results of the decoupled Czech day-ahead market were calculated afterwards. The operation of following intraday auctions and day-ahead market on 25 July 2024 (for delivery day 26 July 2024) were run according to standard procedures.</p> <p>The official communiqué of MCSC is available <a href="https://www.nemo-committee.eu/assets/files/mcsc-initiated-an-in-depth-investigation-of-the-partial-decoupling-of-sdac-on-24-july-2024.pdf"><strong>here</strong></a>.</p> <p>We apologize for any inconvenience caused by this partial decoupling of the Czech day-ahead market.</p> <p> </p>

<p><strong><span style="font-size: 10.5pt; font-family: Roboto;">ELGAS 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 28th <span style="color: black;">J</span>uly 2024. Currently the short-term power markets have 142 members and the short-term gas market 134 members.</span></p>

<p>Day-Ahead Market results for delivery day 25th of July 2024 can be found <a data-val="9f2a6e13b4ce4c48845dba9e0fd87a19" href="https://www.ote-cr.cz/en/about-ote/ote-news/denni_trh_2013_vysledky_pro_25-07-2024_20240724_1955.xlsx" data-linktype="internal">here</a>.</p>

<p>AGF Energy, 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 134 members.</p>

<p>We have published XSD and WSDL templates on the <a style="background-color: #ffffff;" href="https://www.ote-cr.cz/../../../documentation/electricity-documentation/electricity-documentation" target="_blank">Electricity Documentation</a> page, which will be deployed on the production environment during the system downtime on 23 July 2024.</p>

<p style="text-align: justify;"><strong>OTE, a.s. and the Ministry of Industry and Trade Announce the Introduction of a 15-minute Settlement and Trading Period in the Czech RepublicOTE, a.s. (OTE, Marcet Operator) and the Ministry of Industry and Trade (\'MPO\') are pleased to announce the introduction of a 15-minute settlement and trading period in the Czech Republic from the day of delivery, July 1, 2024. This significant step represents an important milestone in the transition of the energy market and at the same time in strengthening the development of international cross-border trading.</strong></p> <hr /> <p style="text-align: justify;">Shortening the settlement and trading period from 60 minutes to 15 minutes brings a number of benefits, including increased flexibility that allows market participants to better respond to changes in supply and demand, which contributes to the optimization of trading strategies, furthermore accurate analysis of electricity consumption and production, and improved integration of renewable sources energy. The introduction of a shortened settlement and trading period is also fully in line with European legislation and standards aimed at harmonizing energy markets across Europe. Along with this change, the market operator innovated market platforms and expanded trading opportunities in the short-term electricity markets it organizes by introducing trading through pan-European intraday auctions. Trading on these platforms makes it possible to develop business strategies and bring additional benefits to end customers on the electricity market in the Czech Republic.<br /><br />This is one of the biggest changes in the electricity market in the Czech Republic since the beginning of the successful liberalization of the electricity market in 2005, when for the first time the end customer could choose his electricity supplier. The market operator devoted more than three years of intensive work to this important change, when, thanks to the new technical solution and the high expertise of all employees, he managed to successfully implement this change in the key processes of the electric power industry and at the same time provided all the support to the electricity market participants to prepare for this change. This change had similar effects for market participants, who not only had to adjust their systems, but also had to make related adjustments to the data they exchange within the market with the market operator and through its central information system.<br /><br />Mr. Michal Puchel, Chairman of the Board of Directors of OTE, a.s., stated: "The successful introduction of the 15-minute settlement and trading period is the result not only of our intensive cooperation, but also of the preparations of all parties involved. This step will allow us to respond better to dynamic changes in the market and contribute to greater stability and efficiency of the energy system. We are proud to bring innovations that will have a positive impact on the entire market and end consumers."<br />"This is another in a series of measures aimed at modernizing our power engineering. Electricity production from renewable energy sources such as solar or wind changes more frequently than we are used to with other<br />sources. Shortening the billing and trading period responds to this and will enable both market participants and end consumers to respond more effectively to market developments. The measure will therefore give customers the opportunity to reduce their electricity expenses," added Mr. Jozef Síkela, Minister of Industry and Trade.<br /><br />The market operator would like to thank all market participants for their cooperation and active involvement during the preparation period. Your participation in webinars and workshops and suggestions for upcoming changes were among the key factors in the successful implementation of this project.<br />After the introduction of the 15-minute settlement and trading period, OTE will continue to provide all necessary support to market participants in their activities on the electricity and gas market.</p> <hr /> <p style="text-align: center;">The press release can be downloaded in PDF format <a data-val="9c975ae23b2943bdb1a1c28ede86cf03" href="https://www.ote-cr.cz/en/about-ote/ote-news/20240706_press-release_15min-settlement-and-trading-period-in-cr.pdf" data-linktype="internal">here</a>.</p>

<p><span data-contrast="auto">OTE, a.s., as the Nominated Electricity Market Operator in the Czech Republic, in cooperation with other Nominated Electricity Market Operators and Transmission System Operators in Europe, prepared the CACM Annual Report 2023. The report provides a comprehensive overview of events within Single Day-Ahead (\'SDAC\') and Intraday Coupling (\'SIDC\') in 2023 and presents an overview of the market coupling algorithms operated from now to the future, including the research and development activities being carried out.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">This report is prepared on the basis of Commission Regulation 2015/1222 of 24 July 2015 establishing a Guideline on Capacity Allocation and Congestion Management (\'CACM Regulation\') and related algorithm methodologies.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">CACM Annual Report 2023 is available for download <a href="https://www.nemo-committee.eu/assets/files/cacm-annual-report-2023.pdf" target="_blank" data-linktype="external" data-val="https://www.nemo-committee.eu/assets/files/cacm-annual-report-2023.pdf">here</a>.</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">The Report will be presented by the NEMO Committee at the 2nd Annual Conference to be held on 19 September 2024 in Athens. Interested parties can participate in the event both physically and online. The program of the conference will be published during the summer. Please, see the invitation to the conference </span><a href="https://www.nemo-committee.eu/assets/files/2nd-annual-conference.jpg" target="_blank" data-linktype="external" data-val="https://www.nemo-committee.eu/assets/files/2nd-annual-conference.jpg"><span data-contrast="none"><span data-ccp-charstyle="Hyperlink">her</span><span data-ccp-charstyle="Hyperlink">e</span></span></a><span data-contrast="auto">. The market operator cordially invites you to this event!</span><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <p><span data-contrast="auto">The official press release of the NEMO Committee can be read </span><a href="https://www.nemo-committee.eu/assets/files/all-nemos-publish-cacm-annual-report-2023-on-intraday-and-day-ahead-coupling.pdf" target="_blank" data-linktype="external" data-val="https://www.nemo-committee.eu/assets/files/all-nemos-publish-cacm-annual-report-2023-on-intraday-and-day-ahead-coupling.pdf"><span data-contrast="none"><span data-ccp-charstyle="Hyperlink">here.</span></span></a><span data-ccp-props="{&quot;201341983&quot;:0,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559739&quot;:160,&quot;335559740&quot;:259}"> </span></p> <hr /> <p><img src="https://www.ote-cr.cz/cs/o-spolecnosti/zpravy_ote/2nd-annual-conference.jpg/@@images/7741a6ae-43b8-434f-9be3-cc7749feffe5.jpeg" style="display: block; margin-left: auto; margin-right: auto;" data-linktype="image" title="Pozvánka na NEMO konferenci v Aténách" data-val="414d7a4c7aa945c09aff701ef988a0be" height="207" width="457" alt="Pozvánka na NEMO konferenci v Aténách" data-scale="large" class="image-inline" /></p>

<p><strong><span style="font-size: 10.5pt; font-family: Roboto;">ELGAS 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 and gas markets as of 3<span style="color: black;">0</span>th <span style="color: black;">June</span> 2024. Currently the short-term power markets have 14<span style="color: #00549f;">2</span> members and the short-term gas market 134 members.</span></p>

<p style="text-align: justify;">On June 25, with the delivery day on June 26, local technical difficulties on the side of EPEX SPOT led to the partial decoupling of the Single Day-Ahead Market Coupling (‘SDAC’). Despite these technical difficulties, the day-ahead electricity market in the Czech Republic, organized by OTE, remained coupled with other markets in the Core and EU regions, except for Denmark, Estonia, Finland, Latvia, Lithuania, Norway, and Sweden. As a result, the order books (‘OBKs’) of EPEX SPOT (for the CORE, Nordic, and Baltic regions) and EMCO – Nordpool (for the Nordic and Baltic regions only) were not included in the SDAC coupling process.</p> <p style="text-align: justify;">The incident was caused by technical difficulties on the side of EPEX SPOT, which prevented the submission of the order book by EPEX SPOT before the deadline set in the binding procedure, resulting in the partial decoupling of the single day-ahead market coupling. This partial decoupling was declared in accordance with the relevant operational procedures at 13:05 CEST. In the CORE region, cross-border capacities were successfully allocated fully in accordance with the regional procedure, without any limitations within the implicit trading among the remaining nominated electricity market operators. Therefore, it was not necessary to activate backup mechanisms for so-called “shadow” auctions in the CORE region.</p> <p style="text-align: justify;">The Nordic and Baltic capacity calculation regions were decoupled in accordance with regional backup procedures, which prioritized market coupling within the respective regions over the single market coupling. Despite these challenging events, the SDAC coupling process was completed at 14:09 with the publication of the results in the coupled markets, including the Czech market.</p> <p style="text-align: justify;">On the following day, June 26, with the delivery day on June 27, the single day-ahead market was run successfully in fully coupled mode with the involvement of all bidding zones and order books.</p> <p style="text-align: justify;">On the same day, June 25, 2024, earlier in the day, the same technical issue on the side of EPEX SPOT also led to the cancellation of the 3rd Intraday Auction (‘IDA3’) at 10:00 CEST for the delivery day on June 25 and subsequently to the organization of the first Intraday Auction for the delivery day on June 26 (‘IDA1’ at 15:00 CEST) without the Nordic and Baltic capacity calculation regions and without the EPEX SPOT order book. Based on the information regarding the resolution of the technical issue by EPEX SPOT, the second Intraday Auction for the delivery day on June 26 (‘IDA2’ at 22:00 CEST) was successfully performed in fully coupled mode.</p> <p style="text-align: justify;">The Market Coupling Steering Committee (‘MCSC’) initiated a detailed investigation, with conclusions expected to be published within a month in the final incident report. However, it can already be emphasized that the central systems and the common algorithm were fully operational throughout the incident, and the cause was local issues of one of the nominated electricity market operators within the coupled single day-ahead and intraday electricity market.</p> <hr /> <p style="text-align: justify;">Further details on these incidents are provided in the official report of the MCSC, available <a href="https://www.nemo-committee.eu/assets/files/mcsc-initiated-an-in-depth-investigation-of-the-partial-decoupling-of-sdac-and-cancellation-of-sidc-ida3-taking-place-on-25-of-june-(trading-date).pdf">here</a>.</p>