European Market

One of the strategic objectives of the European Union is the creation of a single market for energy. To achieve this objective and to harmonize and liberalize the EU's internal energy market, different measures have been adopted for more than 20 years.

Between 1996 and 2009, three consecutive legislative packages of measures were adopted, addressing market access, transparency and regulation, consumer protection, support interconnection and adequate levels of supply.

OMIE has participated in recent years in the main market integration projects that have taken place (PCR and XBID). Both projects, one fully operational and the other in the final phase of development, have been the beginning of the single day-ahead and intraday coupling projects as regulated by Commission Regulation (EU) 2015/1222 of July 24, 2015 establishing a guideline on the allocation of capacity and the management of congestion.