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The Iberian Energy Clearing House

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OMIP and OMIClear are developing a project for the implementation of FTR in SP-PT Interconnections

OMIP and OMIClear, the Iberian Power Derivatives Exchange and Clearing House have started a project, together with the Iberian Electricity Market (MIBEL) Regulators’ Council, aiming at implementing a new model for the management of optional capacity rights for the Spain-Portugal interconnection (IPE).

 

The main goals of this project are the following:

  • Implementation of a common model, in Spain and Portugal, for the management of IPE financial transmission rights (FTR);
  • Model based on financial products and in line with the Target Model defined at the EU level;
  • Assignment of rights in primary auctions;
  • Utilization of market infrastructures already operating in the Iberian power market.


 

The involvement of market participants in the definition of the new model is crucial. For that purpose, we are foreseeing a two-phase approach:

1.     A public session, for presenting and debating the model main features and;

2.     A consultation process.

 

OMIP and OMIClear invite all of their members to participate in the public session referred, that will take place in Madrid, next 12th of July, 2013 at 11h in the OMIE Headquarters.