Iberian Energy Exchange
Madrid, Spain & Lisbon, Portugal
Abbreviation
OMIE-OMIP
Location
Madrid, Spain & Lisbon, Portugal
Region
Europe
Product Types
Power, Energy
About Iberian Energy Exchange
The Iberian Energy Exchange (MIBEL) comprises two market operators: OMIE (Operador del Mercado Ibérico de Energía) in Madrid managing the spot market, and OMIP (Operador do Mercado Ibérico de Energia) in Lisbon managing derivatives. Jointly established by Spain and Portugal in 2004, MIBEL is the integrated electricity marketplace for the Iberian Peninsula, facilitating day-ahead, intraday, and forward trading for Spanish and Portuguese power grids with annual volume exceeding 800 TWh.
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