Since the liberalisation of Austria’s electricity and gas markets, market operators and clearing agencies rely on OeKB’s expertise for their financial clearing and risk management. Non-Clearing Members count on OeKB as a General Clearing Member for clearing at ECC (European Commodity Clearing).

GCM service for clearing with ECC

As a General Clearing Member (GCM) of European Commodity Clearing (ECC), OeKB offers Non-Clearing Members (NCM) its services for spot trading of electricity and gas.

Clearing and Risk Management

For the energy market operators and clearing agencies, OeKB performs financial clearing and provides risk management services.

Settlementbank Services

Wir sind als Settlementbank an der eSett zugelassen und unterstützen so unsere Kunden bei ihren Handelstätigkeiten am Strommarkt in den nordischen Märkten Dänemark, Finnland, Norwegen und Schweden.

Energy clearing with OeKB

Smooth and cost-efficient handling on the Austrian energy market.

The reliable services provided by OeKB are valued by the participants and market operators in the Austrian energy market,  as well as NCMthat rely upon OeKB as a GCM. Cost-efficient handling of these processes ultimately is beneficial for all consumers. The environment benefits as well, through an attractive alternative-energy subsidy system that OeKB’s expertise helps make successful.

With our energy clearing services, we are a service provider for Austria’s electricity and gas clearing agencies (AGCS, APCS and A&B) and for the  clearing and settlement agency (OeMAG), which administers subsidies for alternative energy.

The websites of the Austrian Clearing Agencies

A&B Ausgleichsenergie & Bilanzgruppen-Management AG 

AGCS Gas Clearing and Settlement AG

APCS Power Clearing and Settlement AG

OeMAG Abwicklungsstelle für Ökostrom AG

 

On behalf of these institutions, we handle payment transactions for the receivables and payablesof the market participants (financial clearing), manage risks, and conduct credit assessments for margin calculations.

 

Highly proficient GCM Services

For Non-Clearing Members (NCM), we offer GCM services for the spot trading of electricity and gas cleared by ECC (European Commodity Clearing) and provide market access for the purchase of German national emissions certificates (nEZ). ECC is one of Europe's major clearing houses, handling settlement for numerous energy exchanges. As NCMs require a GCM as a partner in order to participate on these exchanges, we maintain accounts for Non-Clearing Members and handle payment transactions. Collateral and risk management are also part of our GCM services.

European Commodity Clearing AG (ECC)

Advantages for you

Many years of experience and expertise in financial clearing in the energy market

Highly skilled in risk management and credit assessments

Impartial towards all market participants thanks to independent experts

Interested?

Contact us if you are looking for a reliable GCM with an outstanding credit rating. We will be happy to help you.
Energy Market Services
T +43 1 53127-2060
energie-clearing@oekb.at