The market
The market operator
Registration
List of Agents and representatives
Operation
Trading sessions and types of trading
Trading on the market is organised into trading sessions, with the possibility of trading in one or more products in each one of them.
Products
In the Organised Gas Market, manage by MIBGAS, different products are traded.
Settlements
Besides managing the market’s purchase and sales orders, MIBGAS, acting as counterparty, calculates the market’s economic results.
Notifications
On a daily basis, MIBGAS will inform the Technical Manager of the pre-notifications and notifications arising from the purchase and sales orders matched.
Calendar
The calendar of business days and banking days, and the trading calendar for products cleared by OMIClear are available in this section.
REMIT
MIBGAS, as the entity responsible for managing the Organised Gas Market, shall render a reporting service by virtue of the aforementioned EU Regulation.Agents Committee
The Agents Committee for the Organised Gas Market is an advisory body whose purpose is to know and be informed of the market functioning and management of the market as undertaken by MIBGAS, and participate in the elaboration and channelling of proposals that may help to improve its performance.
Members
The Market Agents Committee (CAM) shall be made up of all the Agents who want to participate in it.
Internal operating rules
This advisory body, where all agents who so wish can participate, has its own Internal Operating Rules.
Sessions
In this section, the agenda and information on the sessions already held are available.
Private area
The private area is designed as a partner website where Agents may log on to consult documents, view the calendar of activities or submit comments about the documents.Market makers
With a view to fostering the liquidity of the products accepted for trading on the market, the Market Operator may enter into Market Making Agreements with Agents under conditions of transparency, objectivity, and non-discrimination, in the PVB (Spain) and VTP (Portugal).
Calls PVB (Spain)
In the following section you can see all the calls for market makers made by the Market Operator in the Spanish PVB (punto virtual de balance).
Calls VTP (Portugal)
In the following section you can see all the calls for market makers made by the Market Operator in the Portuguese VTP (virtual trading point).Regulated gas purchases
Operational, cushion and heel gas in PVB (Spain)
The Resolution of 12 July 2023, of the Secretary of State for Energy, which develops the procedure for the purchase of operating gas and gas intended for minimum filling level.
Balancing actions in PVB (Spain)
Resolution of 28 of September 2016 of the Directorate General for Energy Policy and Mining which aproves the protocol PD-18.
Operational and heel gas in VTP (Portugal)
Resolution nº5/2021 of ERSE develops the procedure of returning and acquiring operational and heel gas.Information system
Recruiment system
The Organised Gas Market Operator’s Information System is configured from an external perspective to the operating company.
System architecture
MIBGAS Information Systems are designed to provide secure and reliable access to the different platforms.
Access communications
As regards communications, MIBGAS is designed to streamline the market access of the different types of Agents involved in it.