As a result of OMIP ongoing strategy of developing new products and services that will help our members to address the challenges raised by the market evolution, we are pleased to announce that the Power product portfolio will be extended up to Calendar Year 10 (Cal10). This relevant enhancement will apply to all Iberian Futures, Forwards and Swaps contracts.
The new contracts will be tradable starting tomorrow, 24th of June 2020. The Technical Specifications and Contractual Clauses of the new products are available at the download section of OMIP website: www.omip.pt
Please do not hesitate to contact OMIP marketing (marketing@omip.pt) or trading department (trading@omip.pt) if you have any further questions.
Regarding the current situation, OMIP and OMIClear inform that our trading and clearing activities are guaranteed normally. We recognize the seriousness and potential impacts of the coronavirus (COVID-19) and we are taking the necessary precautions to ensure the continuity of the services it offers.
OMIP and OMIClear recognize the seriousness and potential impacts of the coronavirus (COVID-19) and are taking the necessary precautions.
OMIClear achieved in 2019 a clearing volume of 56.4 TWh in power and natural gas derivative contracts.
In the first 9 months of the year, OMIClear registered a volume of 38.4 TWh in the power and natural gas segments, which exceeds the volumes recorded throughout 2017 (35.5 TWh) and 2018 (32.8 TWh). Of the 38.4 TWh registered from January to September, 25.4 TWh were in the power segment and 13.0 TWh in the natural gas segment.
OMIClear, the Iberian Market Operator (OMI) Clearinghouse, beat its record of natural gas contracts registration in June reaching 1,734.55 GWh.
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).