The financial settlement of a daily evaluation, monthly evaluation, final monthly evaluation and a settlement of differences based on load profiles is made in accordance with OTE's Business Terms for the Gas sector chapter 3 (Evaluation and settlement ) and in accordance with Public Notice No. 349/2015 Coll., on the Gas Market Rules as amended.

The list of banks accepted by OTE, a.s. for EUR settlement of Intra-day gas market:

• Komerční banka, a.s.
• Československá obchodní banka, a. s.
• UniCredit Bank Czech Republic and Slovakia, a.s.
• Česká spořitelna, a.s.

OTE financial settlement schedules

OTE financial settlement gas.pdf (117 KB)

NETTING of payments

Apart from the common way of the liabilities/receivables settlement (payment order and direct debitting) the netting is used in cases specified below.

The netting is defined as a set-off of liabilities and receivables made within particular evaluations and then a net balance of netting is settled.

• Settlement of a daily evaluation - netting of daily payments for a particular commodity, day of delivery and currency
• Settlement of a monthly evaluation – netting of liabilities and receivables made within the invoicing of monthly imbalance (trade code IMG, IM4)
• Settlement of a final monthly evaluation – netting of liabilities and receivables made within the final monthly evaluation of monthly imbalance (trade code IMG, IM4)
• Monthly settlement of differences between meter readings and consumption values based on load profiles - netting of liabilities and receivables (trade code TDP)
• Final monthly settlement of differences between meter readings and consumption values based on load profiles - netting of liabilities and receivables (trade code TDP)

Identification of netted items in financial settlement (trade code used in the payment order and reference number) 

These identifications and reference numbers will be used even if there is only one trade/payment (credit or debit) per a day of delivery and currency.

More payments with the same impact on a credit/debit balance (for example only purchases = debits), for the same day of delivery and the same currency will be summed up and the total amount will be cleared using the above identifications.

A reference number of an invoice/correction tax document is used as a reference of payment if the result of TDP and IMG, IM4 type of trades is only one liability or only one receivable. In that case the new reference is not used.

There are special reports in CS OTE (section Risk manag./ Financial reports) that show the netted items, the final amount to be settled and the reference number:

Daily report for bank (credit-debit confirmation) – for daily settlement

Billing report – netting (IMG, IM4)

Final monthly settlement – netting (IMG, IM4)

Clearing of LP (TDD) Differences - monthly netting – gas

Clearing of LP (TDD) Differences - summary monthly netting – gas

Clearing of LP (TDD) Differences - summary final netting - gas

XML message format to set up the downloading of the reports mentioned above is available on our web site:

http://www.ote-cr.cz/documentation/electricity-documentation/electricity-documentation

Further questions send to ozavisky@ote-cr.cz