OMIClear reached in the first 5 months of the year a volume of natural gas, for clearing and settlement, over 4 TWh (4,198,150 MWh). This volume marks a 41% increase over figures for all of 2018, which was around 3 TWh (2.974.595 MWh).
The Institute for Diversification and Saving Energy, IDAE and the Iberian Electricity Market Operator, OMIE will jointly carry out a protocol with the aim of maximizing the socio-economic value of the energy transition and leading innovation in power markets. The press release is available here.
MIBGAS Derivatives and OMIClear sign cooperation agreements with Arraco, CIMD, IBGH, ICAP and Tullet-Prebon to offer their clients the registration, clearing and settlement services for bilateral trades (OTC) in the entire natural gas futures curve with delivery in the Spanish Virtual Balance Point (PVB).
Mibgas Derivatives will register bilateral and brokered trades of natural gas futures, to be cleared and settled by OMIClear.
On January 8 OMIP will launch for trading and registration futures contracts on electricity with maturity of 6 years (Cal+6) and 7 years (Cal+7). The new maturities are extendable to all electricity futures contracts listed in OMIP (Base, Peak, Solar, Forward, Swap). All of these products have subsequent clearing and settlement in OMIClear.
October 2018. Main activity parameters.
On the 18th of September, OMIP – the Iberian power derivatives exchange, has successfully held the quarterly Auction with unique features in the European power market: the 20th auction of Financial Transmission Rights (FTR) for the Portugal-Spain electrical interconnection.
On September 4, OMIP - The Iberian Energy Derivatives Exchange - will launch for trading and registration futures contracts on electricity with maturity of 5 years (Cal+5). At the same time, a new and innovative product at European level will be launched, which corresponds to a futures contract with the underlying asset the SPEL Solar index. Both products have subsequent clearing and settlement in OMIClear - The Iberian Energy Clearing House.
Go-live of the European Cross-Border Intraday Market (XBID)