Becoming a market participant
A balancing group representative (BGR) wishing to become registered for the Austrian power market in the East balancing area must set up a balancing group and apply to the clearing agency, AGCS, for registration.
After registration, the clearing agency as the balancing group coordinator (BGC) determines whether the applicant meets the technical requirements. OeKB for its part reviews whether the financial requirements are met under the BGC’s terms and conditions of business.
If the applicant fulfils all requirements, it concludes a balancing group representative agreement with the BGC and receives a "Green Card". The applicant then presents this certificate to E-Control, which issues the licence for participation in the Austrian energy market.
The steps to market participation at a glance
- Application for a market licence filed with AGCS
- Delivery of the last two fiscal years’ audited annual financial statements, including the notes and management report
- Delivery of a current report from the register of companies
- Positive outcome of the credit analysis
- Direct debit authorisation for a settlement account
- Posting of sufficient collateral as per the terms and conditions