Electricity generators or producers: are those who sell the energy
Posted: Sun Dec 15, 2024 3:27 am
There is a market for electricity and it has a name: OMIE. The acronym is the graphic abbreviation for Operador del Mercado Ibérico de Energía (Iberian Energy Market Operator ), something essential in the energy sector.
We are going to explain everything to you in a simple way so that you understand its importance, since, as an electricity consumer, it is sure to interest you.
OMIE: what it is and why it exists
The electricity market is a complex and dynamic system buy phone number list in which many agents participate. However, although it may sometimes seem like a confusing and non-transparent topic, the reality is that everything is regulated and managed so that each step and each decision taken is completely transparent for everyone .
So, before telling you what the OMIE is, let's briefly recall the key players in the energy sector:
System operator: regulates the operation of the transmission network. In our country, it is Red Eléctrica de España (REE).
Distribution companies: they bring electricity to your home in medium and low voltage from the transmission network.
Marketers: They buy the energy that has been generated at the beginning of the process and are the intermediaries between generation and consumers.
In the electricity market, the distributors and the generators must come to an agreement. Then, the distributors that have bought the energy will sell it to the end user. But in this article we want to know who regulates this entire market so that the purchase and sale of energy is done correctly .
We have already given you the answer: it is regulated by the OMIE. The Iberian Energy Market Operator exists to ensure transparency, free market and the organisation of the entire process . It has existed on the peninsula since 2001, when the Government of Spain and the Republic of Portugal signed a cooperation agreement under the name "Protocol of collaboration between the Spanish and Portuguese Administrations for the creation of the Iberian Electricity Market (MIBEL)". However, it came into operation in 2003 .
*MIBEL is the Iberian Electricity Market created by the governments of Spain and Portugal to integrate the electrical systems of both countries.
What functions does the OMIE have?
On its website, OMIE itself classifies the functions it performs into several areas. Below we have selected the main ones:
Create a transparent and independent energy system .
Allow free access to the different agents involved so that there is more competition and, consequently, more benefit for the end user, since prices will be more competitive.
Ensure constant communication with market agents.
We are going to explain everything to you in a simple way so that you understand its importance, since, as an electricity consumer, it is sure to interest you.
OMIE: what it is and why it exists
The electricity market is a complex and dynamic system buy phone number list in which many agents participate. However, although it may sometimes seem like a confusing and non-transparent topic, the reality is that everything is regulated and managed so that each step and each decision taken is completely transparent for everyone .
So, before telling you what the OMIE is, let's briefly recall the key players in the energy sector:
System operator: regulates the operation of the transmission network. In our country, it is Red Eléctrica de España (REE).
Distribution companies: they bring electricity to your home in medium and low voltage from the transmission network.
Marketers: They buy the energy that has been generated at the beginning of the process and are the intermediaries between generation and consumers.
In the electricity market, the distributors and the generators must come to an agreement. Then, the distributors that have bought the energy will sell it to the end user. But in this article we want to know who regulates this entire market so that the purchase and sale of energy is done correctly .
We have already given you the answer: it is regulated by the OMIE. The Iberian Energy Market Operator exists to ensure transparency, free market and the organisation of the entire process . It has existed on the peninsula since 2001, when the Government of Spain and the Republic of Portugal signed a cooperation agreement under the name "Protocol of collaboration between the Spanish and Portuguese Administrations for the creation of the Iberian Electricity Market (MIBEL)". However, it came into operation in 2003 .
*MIBEL is the Iberian Electricity Market created by the governments of Spain and Portugal to integrate the electrical systems of both countries.
What functions does the OMIE have?
On its website, OMIE itself classifies the functions it performs into several areas. Below we have selected the main ones:
Create a transparent and independent energy system .
Allow free access to the different agents involved so that there is more competition and, consequently, more benefit for the end user, since prices will be more competitive.
Ensure constant communication with market agents.