OMI Polo Español S.A.

Mission & Goals

OMIE is the Nominated Electricity Market Operator (NEMO) for Spain and Portugal. OMIE manages the day-ahead and intraday markets for the whole of the Iberian Peninsula, and its operating model is the same as the one applied by many other European markets. Taking part in the market involves an electronic platform that is easy to access via the internet, which permits the simultaneous participation of a large number of agents and the management of a high number of bids for the purchase and sale of electricity over a short period of time. OMIE also carries out the invoicing and settlement of the energy traded on these markets, as well as overseeing the corresponding financial settlements.