AGCS
| AGCS Gas Clearing and Settlement AG | |
|---|---|
| legal form | Corporation |
| founding | 2001 |
| Seat | Vienna |
| management | Josef Holzer, Wolfgang Aubrunner, Franz Keuschnig |
| Number of employees | <50 |
| Branch | Gas market infrastructure, clearing house, clearing house |
| Website | www.agcs.at |
The AGCS Gas Clearing and Settlement AG , headquartered in Vienna, is one of two balance group coordinators in the Austrian gas market .
background
Balance group coordinators, also known as clearing or settlement offices, are companies whose task is to determine and offset balance energy as well as to organize a competitive balance energy market. They act as the central counterparty between the market participants. In this function, the balancing energy quantities consumed by the market participants are settled with the balance group coordinator.
AGCS was founded in 2001 and began its activities with the start of the full liberalization of the Austrian gas market on the basis of a license from the Federal Ministry of Economics and Labor (Austria) in October 2002.
AGCS bills balancing energy for the eastern distribution area (consumption 2012: 85.2 TWh), whereby the balancing energy volume in 2012 was around 6.5 TWh. Since the commercial data of the market participants flow together at the balance group coordinator, independence and neutrality are a basic requirement from the start. In order to guarantee independence and neutrality, the legal form of a stock corporation was chosen, whereby it was also determined that the participation ratio of the natural gas companies should be below 50%. In addition, only network operators were offered participation in the natural gas sector. [[Ferngas <Netzbetreiber]] and the transmission system operator hold a total of 40% of the shares in AGCS.
Shareholder structure
| Companies | proportion of |
|---|---|
| GAS CONNECT AUSTRIA GmbH | 23.13% |
| "Smart technologies" management consulting and
Beteiligungsgesellschaft mbH |
20.00% |
| Oesterreichische Kontrollbank Aktiengesellschaft | 20.00% |
| MS Dr. Markus Singer Beteiligungsgesellschaft mbH | 20.00% |
| Energie AG Upper Austria | 5.63% |
| WIENER NETZE GmbH | 5.49% |
| Energieetze Steiermark GmbH | 2.81% |
| LINZ STROM GAS Wärme GmbH for energy services and telecommunications | 2.52% |
| Salzburg AG for energy, traffic and telecommunications | 0.69% |
| KELAG-Kärntner Elektrizitäts-Aktiengesellschaft | 0.45% |
| Energie Burgenland AG | 0.44% |
| eww ag | 0.17% |
| Energie Graz GmbH & Co KG | 0.16% |
| Energie Klagenfurt GmbH | 0.03% |
Balance energy model in Austria
In the period from 2002 to 2012, AGCS implemented an hourly balancing energy billing regime. The hourly deviations were determined for all balance groups and offset against the hourly balancing energy price. Since the beginning of 2013, a mixed system with hourly and daily balancing energy determination and offsetting has been used, whereby the balancing energy price is determined as a surcharge / discount on the market price for the balance groups to be balanced on an hourly basis or marginal prices are offset as balancing energy prices for the balance groups to be balanced on a daily basis.
In its role as central counterparty, AGCS operates a risk management system and a web-based clearing platform for technical and financial clearing . The platform offers market participants insight into the data time series that concern them.
In addition, from 2013 the balance group coordinator will operate a web platform so that customer changes in Austria are standardized and securely processed, a transparency platform and the biomethane register in Austria.
The IT systems are provided and operated by smart technologies Management-Beratungs- und Beteiligungsgesellschaft mbH , risk management and financial clearing are carried out by Oesterreichische Kontrollbank AG.