15 years building the future

The Iberian Energy Derivatives Market

On July 3rd of 2006, the Iberian Derivatives Market was launched, operated by OMIP and OMIClear. In 2021, 15 years after, we follow and permanently reinforced our commitment and leadership towards a sustainable energy landscape in the EU, supported by the OMIP and OMIClear teams that provide high-level client service, confidence, and creative initiatives to expand our portfolio designed to meet the market needs , while complying with the legislative and regulatory framework, in particular the transparency standards.

We would like to thank our entire team, trading and clearing members, and stakeholders for their great support during these 15 years of life of the Iberian Energy Market.

Let’s proceed building the future!

On the 15th anniversary of OIMP and OMIClear, it is fair to recall the fundamental role of companies in the development, liberalization, and even democratization of MIBEL.

Over the years, in their systems and platforms, hundreds of players of different profiles, sizes, and origins have negotiated and registered various products, from the most standard to the most disruptive, always with the security and confidence conveyed by a stock exchange and a CCO of excellence.

If it is true the innovation and commercial opportunity of the OMIP and OMIClear projects should be valued, we cannot forget all the people who with competence and effort, helped to enhance the history of both entities.
Ricardo Nunes Chief Operating Officer
Ecochoice
Over more than fifteen years, OMIP has played a crucial role in shaping a developed liberalized energy market, establishing a framework that allows buying and selling agents to manage their risks, while facilitating competition in the wholesale and retail markets.

At Axpo Iberia, we are very proud to have contributed to this development by playing the figure of Market Maker practically since its start, operating successfully both in the OTC markets and in the OMIP futures market.
José Rey Sanchís Head of Trading
Axpo Iberia
Since the birth of OMIP, 15 years ago, Banco Santander has been an active partner of OMICLEAR; we specially appreciate the professionalism and client-oriented skills of the people who work at OMIP and OMICLEAR. Looking forward to working 15 more years with OMIP and our clients!
Jean-Loup MallardHead of ETD & OTC Clearing Sales
Banco Santander
It is 15 years since OMIP started, the first organized electricity market for Iberia, which at the time represented a great step towards the development of the wholesale energy market.

Throughout all these years OMIP has provided market access to many participants who have been able to manage their risks in a more transparent and efficient manner. Likewise, OMIP has evolved based on the changes that have occurred in the energy markets by adding new products tailored to the needs of the market participants, responding to all regulatory changes that have been implemented in energy markets and always being close to customers.

We hope that OMIP will continue to be true to its principles, providing to its customers a service in line of the excellence that has always characterized it and we wish it a happy anniversary!
Javier ContelSenior Trader
Freepoint Commodities
Congratulations on your 15 years of history since the birth of MIBEL, in which there was constant monitoring of market trends with the creation of new products adjusted to the Iberian reality.

It is up to us traders and originators to provide liquidity to the market, but without a doubt that OMIP is the reference that has guided us until today and on whom we count to help build tomorrow.
Jorge ParaíbaOriginator
EDP Energias de Portugal
OMIP and OMIClear were the first Organized Market and the first Clearing House in the futures electricity market in Spain, providing the solidity it needed at that time.

Since its inception in 2006, working with OMIP and OMIClear is a guarantee of professionalism and good work, its main strength being the proximity, adaptability, and innovation that they have demonstrated over the years in the face of the needs of the markets, regulations, and own participants.

Its extraordinary team is always ready to attend to any questions that may arise.
Francisco MorenoHead of Trading Desk
Endesa

15 YEARS OF HISTORY

It all started in 2001, when the process of convergence of the Spanish and Portuguese electric systems began. OMIP was created in 2003, followed by OMIClear in 2004 – the same year as the agreements to create MIBEL.
Finally, on July 3rd of 2006, the Iberian Derivatives Market was launched.

Beginning

OMIP starts operations as the first power exchange in the Iberian Peninsula – launch of Spain Baseload Financial Futures till Year+1

OMIP admitted on Europex (European Association of Energy exchanges)

19 trading members and 3 clearing banks

Market consolidation

Market consolidation and onboarding of new trading and clearing members

Extension of the Spain power curve up to Year+2

Auctions for allocation of wind energy production licences in collaboration with Direção Geral de Energia e Geologia (DGEG)

First Market Maker

First Market Maker in OMIP and the Iberian Market’s history

Launch of new power products: Spain Forwards and SWAPs; Portugal Financial Futures

Auctions for cushion gas acquisition in collaboration with REN Armazenagem

Launch of Spain Peakload Financial Futures

Go-live of Trayport Exchange Trading System (ETS) as OMIP trading platform

OMIClear admitted to the EACH (European Association of CCP Clearing House)

New branding

First Special Regime Producers (PRE) auction for Last Resort Supplier (CUR) in Portugal

First OMIP/OMIE common Board of Directors.

OMIP manages a Spectrum Auction (SMRA model) in the Portuguese telecom market, in collaboration with Anacom

Celebrating of 5 years of market operation: new branding and new headquarters in Lisbon


Extension of the power products curve up to Year+3

Corporate restructuring: holdings OMIP SGPS in Portugal and OMEL in Spain, hold equal shares of the market management companies
– OMIE and OMIP

1st Spain-Portugal Interconnection Auction (FTR) in collaboration with REN and REE

Authorized under EMIR

Launch of Options on Power Futures for Spain Baseload Contracts

OMIClear is authorized by ESMA under EMIR regulation

Futures FR-DE

First Solar Auction managed by OMIP in collaboration with ENDESA

OMIP approved by ACER as ‘Registered Reporting Mechanism’ (RRM)

Launched of power futures for the French and German zones

OMIP manages a Spectrum Auction (SMRA model) in Polish telecom market, in collaboration with UKE

Sponsor of EMART Energy 2015 – Barcelona

OMIP curve extended up to Year+4

OMIP appointed by ERSE as responsible for operating the Balancing Gas Auction platform in Portugal

Natural Gas Futures

OMIP is the first natural gas derivatives exchange in the Iberian Peninsula: launch of Spain PVB Natural Gas futures with Physical delivery till Year+2

Solar Futures

Launched of Spanish Solar futures

Extension of OMIP power curve up to Year+5

First Portuguese Solar Auction

OMIClear C.C., Sucursal España appointed as OMI Group RRM

OMIP manages the 1st Portuguese Solar Auction in collaboration with DGEG

Extension of OMIP power curve up to Year+7

GIG | Curve Y+10

Start of operation of GIG, the Integrated Collateral Manager of Portuguese National Electric System (SEN)

Extension of OMIP Iberian power curve up to Year+10

15 Years

OMIP manages the first Portuguese Guarantees of Origin Auction

GIG extends the service of integrated collateral management to the Portuguese Natural Gas System (SNG)

Celebrating of 15 years of market operation

marketing@omip.pt
marketing@omiclear.pt
+351 210 006 000