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)
Confirmed go-live of the European Continuous Intraday Market in June 2018
The first transaction in natural gas futures contracts was registered on the Iberian Derivatives Exchange (OMIP), on 16 February 2018, for clearing via the Iberian Energy Clearinghouse (OMIClear). The trade consisted in 250 contracts (with a volume of 91 GWh) of the Cal-2019 natural gas (PVB-ES NG physical futures) contract. The transaction was concluded by Axpo Iberia, S.L.U. and Feníe Energía, S.A. via the broker CIMD - Corretaje e Informacíon Monetaria y de Divisas, S. V., S.A.
OMIClear and OMIP announce the launch of new services in the Iberian Natural Gas, expanding its current contract and services portfolio, promoting the liquidity development of the Iberian Natural Gas Market. The new service will be available from the next 24th November. OMIP launches the OTC registration service for Natural Gas Derivatives contracts with title transfer in the Spanish Virtual Balancing Point (PVB). Within the scope of this service OMIP accepts for registration bilateral transactions, either handled by brokers or by pure bilateral trade of Natural Gas future contracts with physical delivery, for its clearing and settlement (physical and financial) by OMIClear.
MIBGAS Derivatives and OMIClear have reached a collaboration agreement whereby the latter will provide clearing and settlement services for all transactions executed in the MIBGAS Derivatives trading platform.
National Regulatory Authorities approve NEMO proposal to establish European Market Coupling Operator functions to further integrate day-ahead and intraday markets (the “MCO Plan”).
OMIP and OMIClear achieved very positive results in 2016, the year of its 10th Anniversary, with screen trading and total cleared volumes showing year on year increases of 14% and 17%, respectively. Despite being a year marked by political, regulatory and economic instability, the global activity of the Iberian Market in the forward curve grew to a value of 170 TWh in 2016. OMIP and OMIClear followed up that growth trend, as it can be seen in the highlights of the year below, with increasing volumes and new members joining OMIP. Overall, OMIP/OMIClear members as well as other entities, namely global trading companies, view the Iberian with high interest and confidence. OMIP/OMIClear are waiting for the formal regulatory approval to launch trading and clearing of physically settled natural gas derivatives contracts at PVBES.
OMIE DESIGNATED NOMINATED ELECTRICITY MARKET OPERATOR (NEMO) PURSUANT TO COMMISSION REGULATION (EU) 2015/1222, 24TH JULY 2015
OMEL Diversificación holds the Thirteenth Auction for the Purchase of Natural Gas for setting the last resort tariff (Madrid, 27 October 2015)