News and other publications
News | 19 Mar 2018
18th FTR Auction for Portugal-Spain Electrical Interconnection Results
On the 15th of March, OMIP – the Iberian power derivatives exchange, has successfully held the quarterly Auction with unique features in the European power market: the 18th auction of Financial Transmission Rights (FTR) for the Portugal-Spain electrical interconnection.
Regarding the results of the FTR auction:
300 MW of optional FTR were auctioned for each direction of the cross-border capacity for the 2nd Quarter of 2018 and 200 MW for the 3rd Quarter of 2018 for each direction.
OMIP is pleased to announce that several Iberian and Non-Iberian entities participated in the auction, and the auctioned quantities were awarded at:
0.12 €/MWh for the FTR E-P – 2nd Quarter 2018;
0.11 €/MWh for the FTR P-E – 2nd Quarter 2018;
0.05 €/MWh for the FTR E-P – 3rd Quarter 2018;
0.07 €/MWh for the FTR P-E – 3rd Quarter 2018.
The next FTR Auction will occur in June 2018.
Press Release | 20 Feb 2018
First OTC Registration - Natural Gas Futures Contract
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.
News | 02 Jan 2018
New OMIP Website
In order to comply with the new obligations derived from the new regulation MIFID II/ MIFIR, OMIP launches today its new website.
With the implementation of the new website, the information available in the Downloads section will register some significative changes, becoming to only be available the Market Bulletins and OMIP Daily (restricted access).
For more information please contact the Marketing and Business Development department (marketing@omip.pt)
Press Release | 20 Nov 2017
New Iberian Natural Gas Service - OMIP & OMIClear
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.
Press Release | 24 Jan 2017
Highlights 2016
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.
