FAQs

  • ELECTRICITY SECTOR REGULATIONS

  • GLOSSARY OF TERMS

  • MARKET OPERATION RULES AND ADHESION CONTRACT

  • SUNDRY

    How is price determined in a deviation market?

    Since June 2006, in Spain, this task has been entrusted to the system operator, available at http://www.ree.es.

    Who is paid the deviations?

    The deviations are paid to the REE (Spanish electricity network), for the difference between the entire programme of purchases and the consumption measured by all their customers’ meters, raised to power station busbars.

  • MARKET RESULTS

    I need to know the daily market prices for electricity in Spain. Can you tell me where to find them?

  • COMPANY’S ANNUAL REPORTS

    How can I get OMEL’s Annual Report?

    You can download it directly from our website, at the section on publications, annual reports, etc.

  • MARKET AGENTS

    What administrative steps must I take in order to participate in the electricity market?

    You must acquire the status of market agent.

    What steps must be taken in order to operate in the market as a retailer?

    The retailer must have legal entity and acquire the status of market agent.

    If I wish to sell energy from abroad to the market, what do I need to do?

    You will need to acquire the status of retailing agent.

    How do I become a market agent?

    In accordance with the prevailing regulations for acquiring the status of market agent, you must first start the procedure to become a market participant with the Spanish Electricity Network (www.ree.es).

    Once the Spanish Electricity Network informs you of your agent code, you can log onto our public website (www.omie.es) and complete the first model of our Access Guide available from the main page of the abovementioned website.

    You must then send the powers of attorney of the representative of the company which is going to sign the Contract of Adhesion to the Operating Rules of the daily and intraday market to OMIE.

    When you receive the digital certificate requested in the first model, you will need to complete the rest of the pertinent models of the electronic Access Guide.

    Once you have fulfilled the aforesaid requisites, you must communicate the new activity to Ministry of Industry, Tourism and Trade using the model available at: www.mityc.es.

  • GENERAL INFORMATION ON THE COMPANY

    What are OMIE’s tasks?

    OMIE is in charge of the financial management of the daily and intraday electrical energy production in the Iberian Peninsula. In addition, OMIE manages different auctions of energy products related to electricity and natural gas.

    How can I learn how the market works?

    With an aim to facilitating access to information on the working of the market, the possible ways of presentation, the working of the applications for the different possibilities and, in general, in order to gain a deeper knowledge of the electricity market, OMIE holds 2-day courses in our offices in Madrid where the working of the market is explained in detail. You can find out more in the section on training at our public website (www.omie.es).

  • MARKET OPERATING PROCEDURE

    Where does a retailer acquire the energy?

    A retailer can purchase energy directly in OMIE on the daily and intraday markets managed by us, but they can likewise purchase it through a bilateral contract.

    Is it possible to purchase the electrical energy directly without going through a retailer?

    Yes, it is possible, but, in order to purchase the energy in the market, you must be a market agent or act through a representative who works on the market.

    How can I learn how the market works?

    With an aim to facilitating access to information on the working of the market, the possible ways of presentation, the working of the applications for the different possibilities and, in general, in order to gain a deeper knowledge of the electricity market, OMIE holds 2-day courses in our offices in Madrid where the working of the market is explained in detail. You can find out more in the section on training at our public website (www.omie.es).

    Do I need to provide a guarantee in order to operate in the market?

    Yes, you will need to furnish guarantees in order to operate in the market.

    If I have the status of producer market agent, can I be authorised to include electrical energy from abroad in the market?

    It is not necessary to identify the production plant abroad from which you intend to produce the energy.