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).
Energy clearing with OeKB
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.
Show moreWith 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.
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
