Since the liberalisation of Austria’s electricity and gas markets, market operators and clearing agencies rely on OeKB’s knowledge for financial clearing and risk management. Non-Clearing Members (NCM) rely on OeKB as a General Clearing Member (GCM) for clearing at the ECC, the European Commodity Clearing.
Smooth and cost-efficient handling
The participants on the Austrian energy market benefit from OeKB’s smooth handling - the market operators, as well as NCM, that rely upon OeKB as a GCM. Cost-efficient settlement ultimately benefit all consumers. The environment also benefits from an attractive alternative energy support system, the success of which OeKB has also contributed to with its expertise.Show more
With our energy clearing services, we are a service provider for Austria’s clearing agencies for electricity and gas (AGCS, APCS and A&B), and the clearing and settlement agency for green electricity (OeMAG).
The Websites of the Austrian Clearing Agencies
On behalf of these institutions, we handle payment transactions for the debits and credits of 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 the ECC (European Commodity Clearing) and provide market access for the purchase of German national emissions certificates (nEZ). The ECC is one of Europe's major clearing houses, handling the settlement for numerous energy exchanges. As NCMs require a GCM as a partner in order to participate, we maintain accounts for Non-Clearing Members and handle payment transactions. Collateral and risk management are also part of our GCM services.