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Market
Daily and Intraday - Prices
Daily and Intraday - Energy
Continous - Energy
Bids
Technical Constraints
Secondary Reserve
Regulating Reserve
Secondary Reserve
Allocation
Price
Price Adjustment
Schedules
PDBF
PDVP
PHF
PHOF
Reserve Energy
Secondary Reserve
Regulating Reserve
Price
Technical Constraints
Day Ahead - Energy
Day Ahead - Cost
Real Time - Energy
Real Time - Cost
Imbalances
Imbalances per Agent
Imbalances per Unit
Costs
Cross Border Balancing
MIBEL 
 

As a result of the establishment of MIBEL (Iberian Electricity Market), a series of procedures, rules and economic/technical requirements between Portugal and Spain have been harmonised.

The setting up of an Iberian Market Operator (OMI) was defined. This operator is responsible for the management of the MIBEL organized markets and is based on a bipolar interconnected structure:

  • OMIE (Spanish Centre) is responsible for day and intraday market management;
  • OMIP (Portuguese Centre) is responsible for the management of forward markets.

OMIE thus manages the Iberian day and intraday electricity markets where purchases and sales are carried out by market agents in sessions which aggregate, in a market splitting logic, the Spanish and Portuguese areas of MIBEL.