Invoicing

Who is the counterparty of invoices?

Since January 2016, the market operator is a counterparty of market operations, therefore becoming a buyer for sellers and a seller for buyers.

 

Who issues an invoice for my market purchases and sales?

The market operator issues invoices in the name and on behalf of energy supply companies, as suppliers, whereby the market operator is the recipient of transactions. Likewise, it issues invoices as a supplier for the deliveries made to each purchaser of energy, who appear as recipients of each corresponding invoice.

 

Is invoicing information confidential?

Market agents' invoicing information is confidential and therefore cannot be provided to the agent by any unsafe means, including email. All information is accessible in the Market Operator's Information System by means of a digital certificate.

 

How many invoices may I receive for my market activities?

Agents participating in the market, by virtue of their administrative registry as production facilities and by virtue of their activity (in terms of Trading, Direct Consumer or System Loading Manager, or representing any of these activities), shall be billed for each one of these activities separately. Hereafter referred to as agent-activity.

Invoices shall not be issued separately by units.

 

Who is invoiced, the representative or the holder agent?

The representative or the holder agent shall be invoiced depending on the type of market representation.

  • Representation in their own name and on behalf of third parties:
    • The representative agent is invoiced
  • Representation in the name and on behalf of third parties:
    • The holder agent is invoiced

 

What transactions do the invoices include?

Daily invoices includes all transactions, for a given day of delivery, corresponding to the daily market, to intraday market sessions, and to the continuous intraday market.

 

What are the invocing deadlines?

Every business day, the market operator makes available to agents the invoices corresponding to yet unpublished settlements from previous days.

The Market Operator's Information System shows the time at which the invoices are published.

In what format are invoices issued?

Invoices are issued electronically, using the market operator's advanced electronic signature, and published in XML format on the Market Operator's Information System, although they can also be viewed as a PDF.

There is further documentation on the Market Operator's Information System.

 

How are invoices accessed?

Invoices can be downloaded from the Market Operator's Information System, thereby guaranteeing confidentiality.

There is further documentation on the Market Operator's Information System.

 

How can one access a summary of invoices?

The Market Operator's Information System makes available a summary of all invoices related to market sales and purchases for any given period.

 

What taxes apply to invoices?

Market operator invoices include the following taxes: VAT (in accordance with rules that apply to the supply of electricity) and the corresponding special tax on electricity in the case of direct consumers, system loading managers or their representatives when consumption occurs within Spanish territory.

The rules that apply to the supply of electricity in relation to VAT and the Special Tax on Electricity are included in VAT regulations, including Directive 2006/112/EU and Law 37/1992, as well as Special Law (IE) 38/1992 and its regulations.

 

What regulation applies for a reduction of the Special Tax on Electricity?

Royal Decree 1165/1995, dated July 7, which approves the regulation of Special Taxes, establishes:

Article 145. Procedure for a reduction of the tax base:

1. To implement the reduction established in Article 98 of the Law, owners of facilities where activities are carried out with a right to reduction shall submit, to the management office relevant to the location of each facility, a communication for each one of the activities that meet the requirements that enable said tax benefit.

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2. Once the communication has been received, the management office will issue a registration card in the territorial Register that must be shown to the electricity supplier so that the latter can implement a tax reduction to its corresponding supply.

 

What are OMIE's requirements to allow me to apply for a reduction of the Special Tax on Electricity?

In order to implement a reduction of the tax base, agents must send OMIE their Territorial Registry Inscription Card.

Additionally, in order to implement an 85% reduction of the Special Tax amount, CUPS (Universal Supply Point Code) with the right to such a reduction must belong to a settlement unit which doesn't include other CUPS without a right to reduction or with the right to said reduction but with a different consumption percentage.

Therefore, agents entitled to a reduction must indicate to OMIE what physical unit said CUPS belongs to.

Since OMIE doesn't have information on CUPS, OMIE will request from REE (Red Eléctrica de España) a confirmation that a given physical unit doesn't comprise other CUPS with different reduction rights.

The reduction will be implemented once all the information is available, and never for sessions that have already been matched.

 

How do I request information for my company's audit?

This request must be made exclusively through the Market Operator's Information System, indicating the period for which you want the report.

 

What information is included in the audit data Report?

The audit data report will contain information related to market invoicing, the market operator's compensation and the REMIT service when applicable, all within the requested period. It will also include cash movements (including cash collateral) and payment and collection incidences during such a period.

 

When is the audit data report published?

Processing is carried out in accordance with the "Schedules and deadlines for agents' requests" as published on the Market Operator's Information System.

 

Where is the audit data report published?

The audit data report is published on the Market Operator's Information System, in PDF format digitally signed by an OMIE representative.

There is further documentation on the Market Operator's Information System.

 

How do I know if my request for audit data has been processed?

When a request has been processed by OMIE, the agent will receive a task via the Market Operator's Information System indicating whether the request has been accepted or rejected.

 

How should I update my agent data?

Any changes in an agent's data (contacts, email accounts, bank account, billing information, etc.) must be made either by agents themselves or through their representative via the Market Operator's Information System.

 

What are the schedules and deadlines for processing my applications?

The schedule to reply to agents' requests sets the time limits during which the Market Operator undertakes to process such requests, acting with due diligence and in utmost good faith and always strictly respecting the order for acceptance or rejection attending to when the request was received and the information necessary to process it. In exceptional circumstances, the market operator may not meet its deadlines, like, for instance, when a large number of unforeseen requests pile up.

 

Where may one find more detail related to invoicing?

There is further information on the billing process in market rules, which can be accessed via the menu "Market Rules" → "OMIE Rules".