The new scheme replaces 24 hourly gates with 96 quarter-hourly gates per day, enabling market agents to adjust their positions more accurately and continue trading until 60 minutes before delivery.
The new indicator, available in the “SPOT Today” section, provides daily price spreads for the day-ahead market for 1-hour, 2-hour and 4-hour durations, considering both consecutive and non-consecutive periods.
OMIP has been qualified as a “Administrator of Benchmark Indices”.
OMIP has reinforced its commitment to transparency and innovation in the energy market by launching the OMIP Benchmarks for Energy and Environment (OBEE), initially for electricity and natural gas.
OMIP will adjust its Derivatives Market model adapting the contracts underlying indexes to the 15-minute periods adopted by the European regulation applicable to wholesale spot electricity markets.