OMIP

Operador do Mercado Ibérico de Energia (Pólo Português, S.G.M.R., S.A.)
Headquarters: Avenida Casal Ribeiro, 14 , 8º floor,  1000-092 Lisbon, Portugal
Location(s): Lisbon, Portugal
Date of foundation: 16 June 2003 (market activities started on 3 July 2006)

Chairman and CEO:

Pedro J. Mejía Gómez

Traded commodities and traded volumes in 2016: 71.79 TWh
Current number of employees (December 2016): 12
Annual report(s): OMIP 2015 Annual Report 
Website: omip.pt

About

OMIP is the MIBEL derivatives exchange that ensures the management of the market jointly with OMIClear, a company owned by OMIP and OMIE (the Spot Exchange), which executes the role of Clearing House and Central Counterparty of operations carried out on the market. OMIP was constituted on June 16th  2003 and its creation was part of a common agreement  between the governments of Portugal and Spain.

The main objectives of OMIP are the following:

  1. Contribute to the development of the Iberian electricity market
  2. Promote Iberian Reference Prices
  3. Supply clients with efficient risk management tools
  4. Overcome Some OTC Market Limitations

OMIP has currently 64 trading members from 9 European countries which can trade both Spanish and Portuguese futures, base load and peak load, with financial or physical delivery.  OMIP also provides a broad set of services in the wholesale and retail energy market as well as telecommunications market, including the organisation of a complete set of auctions designed to accept different asset types like: Virtual Power Plants programs, Gas Release programs, transmission capacity rights, wind farms licensing rights, power and gas procurement or telecom frequencies. Other types of services are also performed like CHP certificates issuing support and power load management.

Member of the Europex Board and General Assembly

Pedro J. Mejía Gómez, Chairman and CEO of OMIE & OMIP

Europex contact person

Jorge Simão, COO of OMIP

  • + 351 21 000 6000
  • jorge.simao@omip.pt

Headquarters

General contact details

  • Operador do Mercado Ibérico de Energia (Pólo Português, S.G.M.R., S.A.) – OMIP

    Av. Casal Ribeiro, n.º 14 – 8º

    1000-092 Lisbon

    Portugal

  • +351 21 000 6000
  • +351 21 000 6001
  • omip@omip.pt