Unicorn Systems Contributes to Integration of Czech, Slovak, and Hungarian Markets

Unicorn Systems delivers a software solution for interconnection of Czech, Slovak, and Hungarian short-term electricity market.

The start of trading completed the successful project prepared by national regulators (ERU, ÚRSO, and MEH), transmission system operators (ČEPS, SEPS, and MAVIR), and electricity market organizers (OTE, OKTE, and HUPX) from the Czech Republic, the Slovak Republic, and Hungary. Market coupling brings higher competition and price harmonization, as well as stability and security of electricity supply.

Trading is carried out through implicit auctions (market coupling), in accordance with the European target model and continuing market integration. EPEX SPOT, the day-ahead market operator in France and Germany, has been chosen as the provider of the central matching service for the three territories. The software solution delivered by Unicorn Systems provides a central communication node for energy exchanges and transmission system operators. The solution has been delivered as an extension of the Damas Energy trading system of SEPS, with primary focus on its reliability and security. Its other benefits include openness of the system to other markets (e.g., Poland or Romania) and its readiness for smooth coupling with markets of the regions of Western Europe, for which Unicorn Systems delivers similar solutions.

This project is an important step towards further integration of day-ahead markets throughout Europe, which is a prerequisite for formation of a common pan-European electricity market, scheduled by the European Commission at the end of 2014.

About Unicorn Systems

Unicorn Systems is a renowned European company providing the largest information systems and solutions in the area of information and communication technologies. We have focused on providing high added value and competitive edge to our clients for many years. We have been operating on the market since 1990 and since then we have created a series of high-end large-scale solutions that are extended and used among the most important companies in a variety of sectors. We have the best references from banking, insurance, telecommunications, energy, industry, commerce and public sectors. Our customers are not only the largest companies but also market leaders. We have a detailed knowledge of the entire spectrum of all business sectors. We understand the principles of their operation as well as comprehend the specific needs of our customers.

Our extensive team of systematically educated experts perfectly masters all current product lines, components, technology, and therefore we have essentially no technological restrictions. Even though we enforce a lot of revolutionary ideas in our work, the overall delivery of proven solutions are subject to fundamental criteria – quality, scope, term and budget.

About Damas Energy

Damas Energy is a complex market management system developed by Unicorn Systems company. Damas Energy is designed for the automation of market-related processes of the transmission grid. It provides flexible communication between transmission system operators and other market participants – electricity producers, domestic and international traders, wholesale electricity consumers and ancillary services providers and supports all necessary internal business processes.

About SEPS, a.s.

The mission of SEPS, a.s. is to dependably operate its transmission system, provide dispatcher control of the system, its maintenance, reconstruction, and development in order to guarantee reliable, high-quality delivery of electricity to all users of the transmission system and its operation in parallel with neighbouring transmission systems. Principles of transparency and non-discrimination must be adhered to when it comes to accessing the system with minimum environmental impact, in compliance with requirements implied by both national and European legislations, regulatory decisions of ÚRSO (Slovak Regulatory Office for Network Industries), and relevant rules of operation and international cooperation of the multinational, synchronously interconnected EU power grid.

Source: Unicorn Systems
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