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).
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.