MIBEL Council of Regulators published a document that describes the main requirements of the financial regulations applicable to derivative contracts on electricity, in order to contribute (i) to a better understanding of the impact that has financial regulation in the trading of electricity derivatives and (ii) in the participation of agents in the MIBEL forward market.
On the 13th of July took place the 11th Auction for Portuguese Guarantees of Origin (GO-PT). The volume sold was 3,5 TWh distributed among solar, wind, hydro and thermal technologies. 21 entities participated, with a maximum value of 2,30 €/MWh being reached in lot 2 – Solar of April 2022.
OMIP and OMIClear carried out an event on the July 7th, in Madrid, with the theme “Forward Markets and Renewable Energy Development”, where relevant experts from the energy and financial sectors presented their points of view on the role of forward markets in building a more sustainable future in the Iberian context.
During the event, it was also announced the launch, on July 12, of PPA electricity contracts with maturities of 5 and 10 years. These contracts allow agents to negotiate 5 and 10-year maturities for futures of baseload and solar profiles with underlying delivery in Spain.
We are pleased to announce that OMIP and OMIClear have partnered with enmacc to help boost liquidity in the Spanish markets. This partnership will allow enmacc members to give up their trades for clearing to OMIP/OMIClear when trading on the enmacc platform.
On March 24th, 2022, will take place the auction of electricity acquired by the Supplier of Last Resort (SoLR).