About Settlements

OMIE, besides being the platform for the interface between buyers and sellers of electricity on the wholesale market, is also responsible for managing the economic rights and obligations assumed by the agents as a result of their market trading. This is known as the settlement process, and guarantees the proper financial flow between buyers and sellers.

Within this context, the participating parties are required to deposit monetary guarantees that must be duly reviewed as and when required by the market operator, according to their involvement in the market.

The settlements are made for each hour in the day, for both daily and intraday market sessions, according to the calendar provided to the agents.

Once all the components of the electricity price have been determined, OMIE is responsible for publishing the final prices, itemising all their component parts.