Resolution Of 23 December 2015, Of The Secretary Of State For Energy, That Approve The Rules Of Functioning Of The Markets Daily And Intraday Of Electric Energy Production.

Original Language Title: Resolución de 23 de diciembre de 2015, de la Secretaría de Estado de Energía, por la que se aprueban las Reglas de funcionamiento de los mercados diario e intradiario de producción de energía eléctrica.

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Article 3.10 of the law 24/2013, of 26 December, the Electricity Sector, establishes, among the competencies that correspond to the General Administration of the State, regulate the terms that has to develop the economic and technical management of the system, approving the rules of market and operation of instruments and technical procedures necessary.

Paragraph 3 of article 27 of the Royal Decree 2019 / 1997, of 26th December, which organizes and regulates the electricity production market, features that the market operator and the National Commission of markets and competition (formerly National Energy Commission) may propose the rules of functioning of the market daily and Intraday of production they consider appropriate for the best execution to the Ministry of industry, energy and tourism for approval as provided in the law of the electric Sector, the Royal Decree and other standards development, who will solve the abovementioned Commission report.

Directive 2009/72/EC of the European Parliament and of the Council of 13 July 2009 establishing common rules for the internal electricity market. For his part, Regulation (EC) No. 714/2009 of the European Parliament and of the Council of 13 July 2009 on conditions for access to the network for cross-border trade in electricity and repealing requirements for which regulation (EC) No. 1228 / 2003, provides for the adoption of network codes and guidelines for the regulation of various aspects for the achievement of an internal market for electricity in its articles 6 and 18.

Thus, the Regulation (EU) 2015 / 1222 of the Commission of 24 July 2015 by which establishes a guideline on the allocation of capacity and congestion management, was published in the «official journal of the European Union"on 25 July last, being provided for its entry into force the 20th day following its publication.

The entry into force of the said regulation establishes, in its article 7, that designated operators will be responsible for a series of functions among which is act as central counterparties for settlement and compensation of the exchange of energy derived from unique link daily and Intraday.

The first final provision of the Royal Decree 900/2015, of 9 October, which regulates the administrative, technical and economic conditions of the modes of supplying of electricity with consumption and production with consumption, modifies the wording of, among others, paragraph 3 of article 25 of the Royal Decree 2019 / 1997, of 26th December, which organizes and regulates the electricity production market. Modification is to designate the Iberian market operator (OMIE) to act as a central counterparty of the operations of purchase and sale of electricity in the market of production, placing in the obligations of purchases and sales, and becoming in each purchase transaction seller and buyer each sales operation.

Accordingly, the third additional provision of this Royal Decree 900/2015, 9 October, gives mandate to the market operator prepare a proposal for amendment of the rules of functioning of the daily and intraday market of production within the period of two months.

By order of the Minister of industry, energy and tourism from December 11, 2015, designated the operator of the market Iberian Spanish, S.A. Energia-polo, as 'designated operator for the electricity market (NEMO)', under cover of the provisions of the Regulation (EU) 2015 / 1222 of the Commission of 24 July 2015 by which establishes a guideline on capacity allocation and congestion (CACM) management.

Dated 30 October 2015, IMO-Polo Spanish, S.A. (OMIE), as operator of the market, referred to the Ministry of industry, energy and tourism proposed rules of functioning of the markets daily and Intraday in order to comply with the provisions of the third additional provision of the same Royal Decree 900/2015, 9 October, to adapt them to the provisions of the first final provision of the aforementioned Royal Decree.

This proposal was submitted to the National Commission of markets and competition for the issuance of report pursuant to that laid down in article 5(2) and the transitional provision of tenth of law 3/2013, June 4, of creation of the National Commission of markets and competition.

Dated 17 December 2015 has been approved by room of monitoring regulatory of the Commission national markets and competition «Agreement whereby the report is issued on the proposal of the market operator's modification of the rules of functioning of the markets daily and Intraday».

By virtue of, this Secretary of State for energy resolves: first.

Approve the rules of functioning of markets daily and Intraday of electric energy production listed in the annex I of the present resolution.

Second.

This resolution shall take effect from January 1, 2016.

Madrid, 23 December 2015.-the Secretary of State for energy, Alberto Nadal Belda.

Annex I rules of functioning of the markets daily and Intraday of production of electrical energy index.

Preamble.

Chapter one: General rules.

1st production market rule.

Rule 2 the market operator.

Rule 3 scope of the rules of the market and the contract of adhesion.

Rule 4th daily market agents.

4.1. subjects which can be agents of the market and requirements to be.

4.2. acquisition of the status of agent of the market.

4.3 agents with possibility of physical delivery.

Rule 5th sellers.

5.1 daily market.

5.2. intraday market.

Rule 6th buyers.

6.1 daily market.

6.2. intraday market.

Rule 7 conditions of adherence to the rules of operation daily and intradaily markets of production of electrical energy.

Rule 8th provision of guarantees.

Rule 9 communication of the ups and downs of units of market agents.

9.1 communication with the Ministry of industry, energy and tourism and the National Commission of markets and competition.

9.2 communication of high as agents of the market.

9.3. communication from the low of representation.

Rule 10th Suspension of participation of units of an agent of the market.

Rule 11th General characteristics of the offers.

Rule 12th high of units for sale or purchase in the information system of the market operator.

Rule 13th time for submission of bids.

Rule 14th place of submission of tenders.

15th offers verification rule.

15.1. verification of the status of the session for the submission of tenders.

15.2 verification of the agent.

15.3. verification of the supply unit.

Rule 16th confirmation of bids.

Rule 17th firmness of bids.

Rule 18th confidentiality and publicity of the information.

Rule 19th publishing information agents for its operation in the market.

19.1. the daily market information.

19.2. the intraday market information.

19.3. information on liquidations.

Rule 20th regular publication of information of a public nature.

20.1 aggregate curves of supply and demand and international and intra-Community trade.

20.2 information market aggregates.

20.3 quota.

20.4. publication of information from the market by loss of confidential character.

21st regular communication on the results of the market to competent authorities and of the market agents Committee rule.

Rule 22nd information to the public.

Rule 23.ª functions of the Committee of agents.

Rule 24th composition of the Committee.

25.ª appointment of the members of the Committee of agents of the daily market of production rule.

Rule 26th rules of operation and internal regime regulations.

Rule 27th object and basic concepts.

Rule 28th offers to the daily market.

28.1 object and contents of the offers of sale and purchase.

28.1.1. simple offerings.

28.1.2 complex offers.

28.2. format for the presentation of offers of sale or acquisition.

28.3 information received from the operators of the system: unavailability, commercial capacities of international interconnections, information on the allocation of capacity and international bilateral contracts, national bilateral contracts and the outcome of the auctions of energy primary ticketing options.

28.3.1 definition and incorporation of information about unavailability.

28.3.2 definition and incorporation of information on commercial capabilities of international interconnections.

28.3.3 definition and incorporation of the information on the allocation of capacity and international bilateral contracts.

28.3.4 definition and incorporation of information about national bilateral contracts and the outcome of the auctions of energy primary ticketing options.

28.4. verification of bids.

28.4.1. verification of the status of the session.

28.4.2. verification of the agent.

28.4.3. verification of compliance with guarantees.

28.4.4. verification of the unit sale or acquisition.

28.5 validations to the communication of information of bilateral contracts sent by the system operators.

28.6. acceptance of bids for sale and purchase.

28.7. effects of the inclusion of the offer of sale and purchase in the appeal process.

28.8 presentation of offers of bilateral contracts with physical delivery.

29th physical delivery of energy negotiated term rule.

29.1. definition of contract term (UCP) unit.
29.2 delivery positions to its settlement by physical delivery of the market operator to run.

29.2.1. period of shipment.

29.2.2 validations and response.

29.3. effects of forwarding information. Cancellation of breakdowns of the previously sent agents.

29.4. reception of breakdowns of the open positions of the agents.

29.4.1. period of shipment.

29.4.2 content.

29.4.3 breakdowns by default.

29.4.4 validations in the reception and response.

29.4.5. updating of information.

29.4.6 creation from offers of positions open on the market period.

29.5. Exchange of information with the market operator to run.

29.5.1. structural data information.

29.5.2. general information on the markets.

Rule 30th procedure of Cassation of the daily market.

30.1. the basic elements of the procedure of Cassation of the daily market.

30.2. procedure of Cassation.

30.2.1. establishment of the order of economic precedence of offers of sale and offer for sale curve determination.

30.2.2. determination of the curve of acquisition.

30.3. treatment of the deals with the complex condition of minimum income.

30.4. treatment of the deals with the complex condition of gradients.

30.5. treatment of bids with the condition of indivisibility.

30.6. the daily Iberian market recasacion.

30.7. reopening of receipt of tenders to the daily market session.

Rule 31.ª result of the abrogation of the daily market.

Rule 32nd calculation of the resulting program of the Cassation of the daily market.

32.1 communication breakdowns of the units for sale.

32.2. establishment of the order of economic precedence of bids married on the outcome of the appeal.

Rule including for 33 information process of acceptance, verification of offers and the outcome of the appeal of the daily market.

Rule 34th exceptional situations.

Rule 35.ª liquidation of the daily market.

35.1. determination of the remuneration corresponding to the vendors as a result of the liquidation of the daily market.

35.2. prices to be considered in the determination of the acquisition price of electric energy on the daily market.

35.3 collection on the daily market rights.

35.4 obligations on the daily market.

35.5. income on the daily market through the process of separation of markets.

35.5.1. income of congestion on the daily market on the interconnection between Spain and Portugal.

35.5.2. income of congestion on the daily market on the interconnection between Spain and France.

35.5.3. income of congestion on the daily market on the interconnection between Spain and Morocco.

35.6. publication of the results of the liquidation of the daily market.

36th daily program rule base of operation.

Rule 37.ª feasible daily schedule.

Rule 38th object and basic concepts.

39.ª offers to the intraday market rule.

39.1 object and contents of the offers of sale and purchase.

39.1.1. simple offerings.

39.1.2 complex offers.

39.2. format for the presentation of offers of sale or acquisition.

39.3 information received from the operators of the system: unavailability, commercial capacities of international interconnections, information about the allocation of capacity, limitations on the possibility of offering and zonal limitations.

39.3.1 definition and incorporation of information about unavailability.

39.3.2 definition and incorporation of information about limitations on the possibility of offering and zonal limitations.

39.3.3 definition and incorporation of information on commercial capabilities of international interconnections.

39.3.4 definition and incorporation of information regarding the allocation of capacity rights.

39.4. verification of bids.

39.4.1 checks common to the offers of sale and purchase.

39.4.2. specific verifications of offers of sale.

39.4.3. specific verifications of acquisition bids.

39.5. acceptance of bids for sale and purchase.

39.6. effects of the inclusion in the Cassation of the offers.

Rule 40th intraday market cassation procedure.

40.1. the basic elements of the procedure of Cassation in the intraday market.

40.2. simple cassation procedure.

40.3. procedure of appeal when there are offers of sale and purchase simple and complex.

40.3.1. the search for a first valid solution.

40.3.2. subsequent improvement of the first valid solution.

40.4. process of appeal when the net reference of exchange capacity is exceeded in international interconnections.

40.4.1. course of application.

40.4.2. predetermination of data to consider.

40.4.3. procedure for the determination of the final solution.

40.4.4. procedure for separation of markets when there is congestion in the Spanish and Portuguese interconnection.

41.ª result of the abrogation of the intraday market rule.

41.1. calculation of resulting incremental intraday market program.

41.2 communication breakdowns of units for sale and conversion to units of programming of the system operators.

41.3. establishment of the order of economic precedence of bids married on the outcome of the appeal.

42.ª information from the process of acceptance, verification of offers and the outcome of the appeal of the intraday market rule.

Rule 43.ª exceptional situations in the intradaily markets.

43.1. unavailability of viable daily program.

44.ª settlement of the intraday market rule.

44.1. determination of the remuneration corresponding to the vendors as a result of the liquidation of the intraday market.

44.2. prices to be considered in the determination of the purchase price of electricity in the intraday market.

44.3 collection in the intraday market rights.

44.4 obligations in the intraday market.

44.5. income in the intraday market through the process of separation of markets on the interconnection between Spain and Portugal.

44.6. publication of the results of the liquidation of the intraday market.

Rule 45.ª after each intraday market final schedule program.

Rule 46.ª General characteristics of the liquidation.

46.1. the determination of the price elements.

46.2 liquidation.

Rule 47.ª liquidation.

47.1. daily settlement.

47.2 troubleshooting.

Rule 48th procedure of invoicing of transactions in the electricity market.

48.1. agents of the daily market turnover are performed that.

48.2. determination of transactions of buying and selling in the electricity market.

48.3. expedition of the invoice.

48.4 concepts included in the invoice.

48.5 fees and applicable taxes.

48.5.1 electricity tax.

48.5.2 value added tax.

48.6. data from agents to perform the billing.

48.7 billing period.

48.8. electronic invoicing.

48.9. other information regarding the billing.

48.10 corrective invoices.

48.11 fiscal obligations of the market operator concerning the billing.

48.12. obligations of subjects concerning the billing.

48.13. request for information related to billing.

Rule 49th system of fees and fertilizers.

49.1. horizon of liquidation.

49.2 receipts and payments.

49.3 added notes of charge and subscription features.

49.3.1 publication of the added note of charge and payment.

49.3.2. new publication of the added note of charge and payment.

49.4. consolidation of cash receipts and payments.

49.5. obligations for the agents of the market resulting as buyers.

49.6 rights to market agents that result as vendors.

49.7 account designated by the market operator for the realization of the fertilizers and payments.

49.8 regime of defaults and interest on arrears.

49.9 cash deposit for payments.

49,10 calendar of receipts and payments.

49.11 pledge on receivables.

Rule 50th procedure concerning the provision of guarantees in favour of the market operator.

50.1. Constitution of guarantees.

50.2. subjects which should provide guarantees on the market.

50.3. maintenance of guarantees.

50.4 guarantees coverage.

50.5. types of guarantees.

50.6. formalization of the guarantees.

50.6.1 instruments of formalisation of guarantees.

50.6.2 term of the guarantees.

50.6.3 communication of high, low or modification of guarantees.

50.7 regime for the determination of the amount of the guarantees and method of its Constitution.

50.7.1 criteria for the determination of the amount of the guarantees to provide.

50.7.2 information on guarantees made available to agents.

50.7.3 balance of guarantees.

50.7.4 determination of the guarantees.

50.7.5. assignment of receivables.

50.8. management of the guarantees.

50.9 criteria for action against non-compliance.

50.10 default in payment.

50.11. prolonged guarantees failure.

50.12 lack of Constitution or lack of updating of the guarantees.

Rule 51.ª description of the sequence, schedules and exchange of information of recruitment sessions.

51.1 sequence of daily market operations.

51.2. sequence of operations of the intraday market.

51.3. alterations to the schedule.

51.4. coordination between the market operator and the operators of the system.

51.4.1 information you must supply the system operators of the market operator.

51.4.2 information that the market operator must supply to the system operators.

Rule 52nd regime of operation in the market.

52.1 claims to market processes, sales and billing.

52.1.1 notifications.

52.1.2 submission of claims to the market operator.

52.2 timetables and deadlines for applications for the agents.
Rule 53.ª, entry into force, duration and amendments to the rules of functioning of the market.

Rule 54.ª applicable law and settlement of disputes.

Additional rule.

PREAMBLE I) under article 28 of the law of the electrical Sector the market operator and the system operator to assume functions necessary to carry out economic management referred to the effective development of the market of electric energy production and the guarantee of the building management of the electrical system. Article 29 instructs the market operator for the management of the system of offers of purchase and sale of electric energy in daily and intradaily markets.

((II) legislation establishes that producers, traders, consumers, managers of the system and loads, the representatives, to participate in the daily market of production must meet the following requirements: to) have expressly adhered to the rules and conditions of operation and liquidation of the daily market of production comprising sessions daily and intraday, market in the corresponding contract of adhesion which will be unique, and will have to be approved by the Ministry of industry, energy and tourism, report of the National Commission of markets and competition.

(b) provide to the market operator sufficient guarantee to cover the financial obligations that may arise from his performance as agent on the daily market of production, in the terms established in the contract of adhesion.

(III) to carry out the management of the system of offers of purchase and sale of electricity in markets daily and Intraday referred to in paragraph I above, is necessary to establish the present rules of operation of the market. These rules comply with the mandate of the law 24/2013, of 26 December, the Electricity Sector and the Royal Decree 2019 / 1997, of 26th December, and to adhere explicitly buyers and sellers in the daily and Intraday markets of production of electrical energy by means of the signature of the corresponding contract of Adhesion.

(IV) in accordance with article 2 of Royal Decree 2019 / 1997, of 26th December, the market of electric energy production is structured in markets in term, market daily, intraday market, not organized markets and service markets of system settings, understanding as such the resolution of restrictions for assurance of supply and technical system, the ancillary restrictions , and the management of offsets. The daily and intraday market agents act as buyers and sellers in those markets. In addition, as subjects of the market of production, can intervene in markets to term, in over-the-counter markets and sign bilateral contracts. Finally, they can also be bidders in the solution of technical restrictions, in the market of complementary services and management of offsets, under the conditions provided for in the procedures of the operation of the system.

(V) article 5 of Royal Decree 2019 / 1997, provides for the market operator to perform its functions in coordination with the Spanish system operator. Such coordination, in accordance with the law of the electric Sector may also refer to conditions that together establish the market operator and the operator of the Spanish system to carry out the operations of liquidation and payment of energy, which will be public, transparent and objective and that must meet the producers, marketers, direct consumers in market and loads of the system managers.

(VI) the International Convention on the establishment of an Iberian market of electric power between the Kingdom of Spain and the Portuguese Republic, made in Santiago de Compostela on 1 October 2004, which regulates the Iberian electricity (MIBEL) market, has approved a new organizational structure under which the Iberian market operator (IMO) is to become an entity composed of two parent companies or holding , with shares crossed each other 10%, and boasting also each one of them ownership of 50% in the capital of two managers of market societies, the Portuguese Manager, IMO-pole Portuguese, operating SGMR (OMIP), the management company and the market term Spanish IMO, Polo Spanish S.A. (OMIE), the spot market.

Pursuant to the provisions of this Convention, with effective 1 July 2011 date, has completed the process of segregation affecting the Iberian market operator of energy, Spanish pole, S.A. (OMEL) and that has been the transmission block of branch of activity in the operation of the market of electricity, developed to this date by OMEL , IMO, Polo Spanish s.a. (OMIE).

Pursuant to the above, from July 1, 2011, IMO-POLO ESPAÑOL, S.A.U. (OMIE), society has assumed the management of the system of offers of purchase and sale of electricity on the spot market of electrical energy in the field of the MIBEL.

The term market will include transactions relating to blocks of energy with delivery after the next day of the engagement. The exchange of information necessary for the integration of positions with physical delivery of the market run on the daily market is established by agreement between OMIP and OMIE.

The exchange of information of the Portuguese electric system necessary for the implementation of the mechanism of separation of markets, established in the order ITC/843/2007, has been established for the appropriate agreement between national power network (REN) and OMIE.

FIRST chapter General rules rule 1st production market the market of electric energy production is structured in markets in term, market daily, intraday market, adjustment and balance services and over-the-counter markets.

On the daily market carry out transactions of purchase and sale of electric energy for the next day. The hiring of the daily market sessions are structured into programming equivalent periods an hour's natural, considering as horizon's programming 24 programming periods consecutive Central European time (CET), or 23, or 25 in the days of official time change. Also the physical delivery of energy negotiated in markets organized term may occur in the daily market.

The intraday market aims to address the supply and demand of energy that may result in the following hours, after having set the daily program Viable.

Adjustment services market includes all services that have optional nature, the operators of the system considered necessary to ensure the functioning of the system, understanding as such the resolution of technical restrictions of the system, complementary services and the management of offsets.

Rule 2 the of the market the operator the market operator is responsible for the economic management of the system referred to daily and intradaily markets. It is up to receive offers of sale and acquisition of power, making the management of them, as well as the liquidation of all daily and intradaily markets operations.

OMIE will act as central counterparty of the operations carried out in the daily and intraday market from the moment in which are considered firm the corresponding cassations.

As a result of his performance as a central counterparty, occurs OMIE interposition in the obligations resulting from the different operations acting OMIE as purchaser against the vendor and seller against the buyer in the terms established by these rules.

It is also for the market operator receive communication of bilateral contracts for tests that correspond in terms of offers to the market operators of the system. Specific regulation and functions, in the case of the market operator and operator of the Spanish system are contained in the law 24/2013 and in Royal Decree 2019 / 1997.

Rule 3 scope of the rules of the market and the contract of accession in accordance with the provisions of Royal Decree 2019 / 1997, of 26th December, market of performance rules contain procedures and conditions of a general nature which are necessary for the effective development of the daily and intraday market of electric energy production and specifically, for his economic management and the participation therein of the subjects carrying out activities aimed at the supply of electric power and direct consumers in market, and, in particular, on: a. the definition, development and operation of the computer systems necessary to ensure the transparency of transactions that are made daily and intraday market of electric energy production, including :-Presentation of offers of sale and purchase of electric energy;

-The procedure of Cassation, in daily and intraday, bids for sale and purchase of electric energy market;

-The procedure of physical delivery of energy negotiated term whose owners request it and especially which comes from the entities referred to in the International Convention on the Iberian market;

-Definition and communication to the operators of the system with the confidentiality that appropriate, data concerning the results of the appeal of offers in the market daily and intraday, and agents, of data relating to their sale and purchase units;
-Communication of the feasible daily schedule and final schedule program derived from each session intraday market, agents, the data corresponding to their units for sale and purchase as a basis for participation in the next session of the intraday market;

-Definition and communication to the market players and the operators of the system marginal price of electricity on the daily market and intraday market sessions;

-The determination and publication of indices of average prices with time character of the daily and intraday market;

-Liquidation and communication of the receipts and payments that must be made by virtue of electric power daily and intradaily markets prices;

-The validation procedure of acceptance of deposited guarantees acquisition offers;

-The publication of the added curves of supply and demand of daily and intradaily markets with disaggregation explicit of every one of the points that shape them;

-The publication of trade capacities and intra-Community and international exchanges by border;

-The publication of the results of the energy programs added by agent and calendar month of daily and intradaily markets of production of electrical energy, once a month since the last day of the one to which they refer;

-The publication of tenders submitted by the actors, who have entered the process of appeal, in each of the markets daily and intraday, after 90 days.

b. conditions of adhesion to the rules of operation of daily and intradaily markets of production of electrical energy.

c. the procedure to be followed in the case of agents that acquire market power fail to meet its payment obligations, as well as communications which in these cases are to be consumers and the different agents of the market.

d. the procedure to be followed in communications of highs and lows as market agents by those involved in daily and Intraday markets of production of electrical energy;

e. the determination of available warranties of the agent for his participation in the processes of the market.

f. the liquidation and communication to agents of the receipts and payments that must be made by its operations under the price of power daily and intradaily markets.

(g). The communication to the competent authorities of the behavior contrary to the proper functioning of markets daily and Intraday of production of electrical energy and the situations that may be anomalous, taking into account the information available to the operator of the market resulting from the same.

h. the procedure of revision of the rules of operation of daily and intradaily markets of production of electrical energy.

i. publication of the final cost of energy and the components of the final price in aggregate and for each type of consumer.

SECOND chapter subject rule 4th subject market newspaper 4.1 agents who can be agents of the market and requirements to be.

They can be agents of the market the subjects involved in the supply of electrical energy related then: producers of electrical energy: natural or legal persons that have the function of generating electric power, as well as the build, operate and maintain production facilities.

Marketers: People legal, accessing transport or distribution networks, have as a function the sale of electricity to consumers or other subjects of the system.

Marketers of reference: marketers that have functions with the rules established, among other sale to final consumers at voluntary price the small consumer.

Consumers: They are natural or legal persons who purchase energy for their own consumption.

Direct consumer market: are those consumers who purchase electric power directly in the market for their own consumption, and which shall comply with the conditions laid down in Article 4B) of Royal Decree 2019 / 1997, of 26th December, which organizes and regulates the electricity production market.

Representatives: Are considered as such those who act on behalf of a subject of the market, either in the name of the subject (direct representation) or on its own behalf, (indirect representation). In this second case, the effects of legal business carried out by the representative are charged directly to this, without prejudice to the internal relationship that link him with its represented. For renewable energy installations (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste, adds the ability to group offers their clients, so there is a net final position of all those represented opposite the market.

Managers of the system loads: are those corporations of energy recharging services defined in article 6.1. h) Law 24/2013, of 26 December, the Electricity Sector, which, being consumers, are enabled for resale of electric energy services energy recharge for electric vehicles.

4.2. acquisition of the status of agent of the market.

To acquire the status of agent of the market, producers, marketers, direct consumers in market, managers of the system loads and representatives must meet the following requirements: • be a holder of facilities validly registered in the administrative registration of electric energy production facilities, or in the case of marketers, consumers direct market and loads of the system managers, having made the timely start of activity communication as appropriate , either certify the quality of representative of any of the above subjects. Representatives of subjects to qualify as market agent, must prove their status through the corresponding power of Attorney, as well as his performance by or self-employed.

• Purchasing subject of the electrical system.

• Have expressly adhered to the rules and conditions of operation and liquidation of daily and intradaily markets of production of electrical energy in the corresponding contract of adhesion.

• Have a valid agent code told the market operator, associated with a tax that does not belong to any other agent of the market. Each market agent will have a unique ID, and each NIF will correspond to a single market agent.

After satisfying the requirements for the acquisition of the status of agent of the market, the market operator will proceed in two working days subsequent to the fulfillment of that condition, to complete the registration process in the system of information of the market operator, able agent to act on the day after the third working day, markets and sessions that are held from 10:00 of that date.

In the process of high officials must communicate the email addresses for communication between the market operator and the agent, differentiating as set out in the registration process between the different activities of the market. The market operator will maintain active all the email addresses given high unless you are may be given low on the agent server and such a low stays at least for 3 months without notification of the agent, in which case it will be given low in the market as contact addresses.

4.3 agents with possibility of physical delivery.

The energy negotiated term, whose settlement by physical delivery is requested by the holder, can be integrated into the daily market of production, especially coming from the entities referred to in the International Convention on the establishment of an Iberian electricity market.

The agents of the market term with the possibility of physical delivery will be the agents of the market daily who are also agents of physical liquidation of the term market or having a contract with an agent of physical liquidation of the term market.

Rule 5th sellers is established as instrumental sale price for the daily and intraday market price of 0 EUR/MWh.

They are sellers on the daily market: to) the holders of those production units registered in the administrative register of installations of electric power production;

(b) marketers that sell in electrical systems of countries which are not European Union whose participation as sellers in daily and intradaily markets of electric energy production is authorised;

(c) producers, marketers, agents or others who act as agent representative.

(d) marketers who have made a contract for energy companies authorized to the sale of electric power in countries of the European Union or third countries, as well as domestic producers of electricity.

(e) marketers and direct consumers of Balearic electrical system, without prejudice to the provisions of the first transitional provision of the Royal Decree 1623 / 2011, of 14 November, which regulate the effects of the entry into operation of the link between the Mainland electric system and the Balearic Islands, and amending other provisions of the electricity sector. Within the framework established by this transitional provision, and insofar as the review provided there has not occurred, references in these rules to the above subjects will be made only to marketers of reference.
5.1 daily market.

Sellers of electric power on the daily market shall submit to the market operator offers of sale of electric power by each one of the units of production or sale that are holders and for periods of programming of a daily horizon itself of programming on the daily market.

The holders of the units of production referred to in the letter to) previous obliged to tender for sale of electricity to the market operator for each of these production units that are holders for each of the periods of programming of a daily horizon itself of programming, up to the limit of its production capacity except in the cases provided in article 25 of the law of the electric Sector and when not to bilateral contractual arrangements they have hosted characteristics are excluded from the system of offers.

Marketers who referred to in point (b)) prior, may participate as vendors according to their ministerial authorization.

Agents representatives referred to in letter c) prior, may submit bids of selling electricity to those periods of programming of a daily horizon itself of programming they deem appropriate, or communicate the implementation of a bilateral contract.

Marketers who referred to in point (d)), may submit tenders for sale of electricity by the acquired power in such contracts for periods of programming of the corresponding daily horizon, or sell said energy consumers.

Marketers and direct consumers referred to in letter e) prior, may not present offer of sale of energy until the publication of the order of the Ministry of industry, energy and tourism, referred to in article 3 of the Royal Decree 1623 / 2011, from 14 November.

Holders of units to which referred to) to d) prior, are authorized to notify the use of capacity rights, or run firm bilateral agreements prior to the daily market, able to operate for the execution of the contracts associated to these processes with a unit of generic programming, electrical Portuguese and/or Spanish as appropriate.

Each time that the net balance of the generic programming unit is buyer in the bilateral and notifications of use of capacity prior to the daily market in which participates the generic programming unit, said balance is the maximum that can be sold on the daily market offer generic unit.

The corresponding letters to owners to) d) prior, that they can sell power with the offer to sell generic unit, must participate with offers of sale of that unit for such balance buyer, except the volume of power committed by the unit in bilateral agreements which are not prior to the daily market.

Agents may ask the market operator of the presentation on behalf of bidding on the complex condition of indivisibility, with only one block, to instrumental price of the unit's general offer for sale by such balance. The offer will be created for each session of the daily market, at the time of received and published in the system of the market operator the firm bilateral agreements prior to the daily market information. If at the time of receipt of such information from the firm bilateral agreements prior to the daily market already has been submitted by the agent bidding offer generic unit, for the session of the daily market, is not created the offer on your behalf. Once created the offer on behalf of the agent, and to the closure of receipt of tenders to the daily market session, agent can manage its proposal as any other, and cancel it or present other valid unit of generic offering, which will replace the last submitted, including the submitted on their behalf.

5.2. intraday market.

All the agents who had participated in the corresponding session of the daily market may submit offers for sale of electricity in the intraday market.

Notwithstanding the previous paragraph, the production units that had communicated the unavailability to the system operator corresponding prior to the closure of the daily market of production and who had recovered their availability, may submit offers in the corresponding session of the intraday market.

Also may submit offers for sale of electricity in the intraday market all players in the market who had previously communicated to the system operator for the existence of a bilateral contract of sale or purchase of electrical energy, or notified the use of capacity rights, for the hours included in the corresponding session of the intraday market involving , and this energy had been scheduled in the program basis of operation, without having participated previously in the corresponding session of the daily market.

Holders generic units of sales agents that an error in the management of these units did not have a null program in the program performance basis, shall participate in sessions of the intraday market to decrease their program until a final NULL program.

Rule 6th buyers is set to instrument purchase price, or maximum price referred to in that paragraph 1 of article 9 of the Royal Decree 2019 / 1997, of 26th December, daily and intraday, market price of 180,3 EUR/MWh.

6.1 daily market.

(a) are buyers in the market journal marketers, direct consumers in market, managers of the system loads and representatives, who are allowed to buy. Equally are buyers production facilities of electrical energy that are authorized to buy and are registered in the corresponding register.

(b) marketers may present offers of acquisition of electric energy.

(c) marketers who buy in electrical systems of countries which are not European Union may participate as buyers according to their ministerial authorization.

(d) the holders of units of generic purchase offer.

Holders of units which are authorized to notify the use of capacity rights, or run firm bilateral agreements prior to the daily market, able to operate for the execution of the contracts associated to these processes with a unit of generic programming, electrical Portuguese and/or Spanish as appropriate.

Each time that the net balance of the generic programming unit is seller in the bilateral and notifications of use of capacity prior to the daily market in which participates the generic programming unit, said balance is the maximum that can be purchased at the daily market purchase generic supply unit.

Homeowners who can buy power with the offer to purchase generic unit, shall participate with purchase of this unit offers by such balance seller, except the volume of power committed by the unit in bilateral agreements which are not prior to the daily market.

Agents may apply to the market operator the presentation on behalf of a simple offer to instrumental, generic bid unit price for such balance. The offer will be created for each session of the daily market, when received and published in the market operator system information of bilateral contracts firm price the daily market. If at the time of receipt of such information from the firm bilateral agreements prior to the daily market already has been submitted by the agent offer from the unit's generic purchase offer, for the session of the daily market, is not created the offer on your behalf. Once created the offer on behalf of the agent, and to the closure of receipt of tenders to the daily market session, agent can manage its proposal as any other, and cancel it or present other valid unit of generic purchase offer, which will replace the last submitted, including the submitted on their behalf.

6.2. intraday market.

All the agents who had participated in the corresponding session of the daily market may submit offers of acquisition of electric energy in the intraday market.

Also may submit offers of acquisition of electric energy in the intraday market all the market players who had previously communicated to the system operator for the existence of a bilateral contract of sale or purchase of electrical energy, or notified the use of capacity rights, for the hours included in the corresponding session of the intraday market involving , and this energy had been scheduled in the program basis of operation, without having participated previously in the corresponding session of the daily market.

Holders generic offer to purchase units agents who did not have a null program in the program operating Base, by an error in the management of these units shall participate in sessions of the intraday market to decrease their program until a final NULL program.

Rule 7 conditions of adherence to the rules of operation daily and intraday market of electricity 1. The participation of buyers and sellers in the markets daily and Intraday of electric energy production requires membership to the present rules and the fulfilment of the other requirements established therein.
2. buyers and sellers who want to act in daily and intradaily markets of electric energy production must request it IMO, Polo Spanish, S.A. (OMIE).

3. the applicant must submit the following documents:-document, with necessary fehaciencia, faculties of the signer of the application and, in its day, the signatory of the contract of Adhesion.

-The host of the request entity tax identification number.

-The documentation required by the market operator to enable performance and effective participation of the applicant in that market, among other and mere indicative purpose, contacts with the different directions of the market operator, data units of production or sale, acquisition and physical units, settlement and billing, data tab of technical means and communication indicating the characteristics of the computer system of the future agent to gain access to the system of information of the market operator.

-Any other required documentation in accordance with the applicable legislation, especially concerning the administrative authorisations and registrations in the records that may be necessary.

The market operator will establish an electronic procedure for the completion of the required documentation.

For the purpose of facilitating the provision of the documentation mentioned by the applicant, the market operator will publish on its website an electronic document entitled 'Guide to access to the market» where to provide models and documentation will be included at present.

4. in the case of performances through the figure of the representative, such representative shall prove their status by submitting the corresponding power of attorney where you must specify if the representative acts on behalf of the represented and self-employed or if it acts by an employee, but on its own behalf.

Representatives acting on its own behalf and self-employed must adhere to these rules and acquire the status of agent of the daily market.

In the case of representatives acting for hire or reward and on behalf of the represented, will be the latter which must adhere to these rules and acquire the status of agent of the daily market. The representative may choose between acquiring such status or not.

In addition, it will be provisions in the rules of application as regards the limitations that affect the representation.

Holders belonging to sources of renewable energy facilities (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste that are represented by a representative on its own behalf shall be adhered to these rules through the accession of such representative.

The owners of production facilities with energy sources that is not renewable and that they do not form part of a unit of hydraulic management, cogeneration of high efficiency or waste, can access the market through a common representative. In any case, these common representatives may not grouped in any case production units.

A natural or legal person may not hold the status of common representative (with ordinary powers) of an agent of the market when there is conflict of interest or put at risk or harm free competition in the market of electric energy production. The following actions may in particular not be carried out:-a very common representative may not act on behalf of two or more dominant operators in the electricity sector.

-A very common representative may not act on behalf of two or more major operators in the electricity sector.

-A common representative who is incumbent only may represent production facilities that it owns directly or indirectly more than 50 per cent of its capital.

-A common representative who is principal operator only may represent production facilities that it owns directly or indirectly more than 50 per cent of its capital. This restriction shall not apply to installations for electricity production from sources of renewable not to form part of a unit of hydraulic management, high efficiency cogeneration, or waste.

The holder of a production facility from renewable energy sources that are not part of a unit of hydraulic management, cogeneration of high efficiency or waste, can participate in the market, directly or indirectly, through an agent representative. This representative is qualified because you may submit bids by the set of such facilities to which represents, grouped in one or more units for sale.

Pursuant to the legislation of general application will have to give account to the regulatory authorities or competence of those behaviors that in terms of representation, either common or qualified as agent representative, may involve a restrictive practice of competition, abuse of a dominant position or any other possible conduct contrary to free competition.

5 presented application for membership, the market operator will check that the applicant has the technical means to carry out activities that correspond by their participation in the market and fulfilling the conditions for submission of tenders of sale and purchase of electricity referred to in these rules. In particular, is necessary condition for the signing of the accession agreement which the applicant is connected through the network to the computer system of the market operator and the approved means referred to in these rules for electronic communications which would require his involvement in daily and intradaily markets of production of electrical energy. The market operator may establish, for the purposes of the provisions of this rule, a set of tests that the applicant must overcome.

The habilitation in the electronic media of the market operator shall vest with personal and not transferable to the particular natural person acting on behalf of the agent.

No one may be enabled simultaneously to act in the name of more than one agent in the above-named media.

Except as provided in the preceding paragraph the action on behalf of several agents when such agents are companies that consolidate their accounts. For this purpose you must arise to the market operator certification from the competent organ societies or the auditor of accounts in which becomes State such circumstance.

Excepted also enabling simultaneous limitation the cases in which the provisions in force on the electricity sector provide for the intervention of an entity as a representative of other entities, whether ordinary or through agent salesperson, always within the limits where such representation is authorized.

The market operator is not obligated to make public the information to which access the person authorised to act on behalf of several agents by the mere fact of that person to access information pertaining to various agents in whose name it acts.

6 carried out actions and checks laid down in the preceding paragraphs, the applicant will sign the accession contract the rules of operation of the daily and Intraday markets of production of electricity, with the contents of both documents, which approved by the Ministry of industry, energy and tourism, pursuant to the Royal Decree 2019 / 1997 , on December 26.

7. the acquisition of the status of agent of the daily market occurs when there is verified by the market operator compliance with all and each of the requirements laid down in article 7.1 of Royal Decree 2019 / 1997, of 26th December.

Rule 8th provision of guarantees subscribed the membership contract, the agent of the market should be paid before the market operator sufficient guarantee to cover the financial obligations that may arise from his performance as a participant in the market, in the terms set forth in the membership agreement and these rules. The lack of sufficient guarantees for a tender offer under the terms will prevent the acceptance of this agent offer. The warranty procedure shall be laid down in these rules.

Rule 9 communication of the ups and downs of units of agents of the market 9.1 communication with the Ministry of industry, energy and tourism and the National Commission of markets and competition.

The market operator shall notify the Ministry of industry, energy and tourism and the National Commission of markets and competition the highs and lows of all the units of the agents of the market within a period not exceeding fifteen working days from the entry into force of such ups and downs. In this same period market operator shall keep such ups and downs on its public website specifically indicating these assumptions.

Shall be considered that an entity has acquired the status of agent of the daily market of production when there is verified by the market operator compliance with all and each of the requirements laid down in article 7.1 of Royal Decree 2019 / 1997, of 26th December.
Shall be considered that an agent has caused low on the daily market of production when there is verified by the market operator non-compliance with any of the requirements referred to in article 7.1 of Royal Decree 2019 / 1997, of 26th December.

9.2 communication of high as agents of the market.

For the purposes of communications all players in the market are considered to be interested in the high-units of an agent of the market.

The market operator published a complete list of the market players on the public web. It also published the complete list of the units of all agents of the market with an indication of whether this unit of supply is high or has caused low in the market.

9.3. communication from the low of representation.

The market operator shall communicate the fact of a low onset of an agent representative is soon known, both the CNMC and the marketer's reference to effects that begin to exercise its function of representation of affected plants. If the owner of the facilities of production from renewable energy sources (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste represented had not communicated marketers of reference that should act as the representative of its facilities if the representative of rightholder low, the market operator will then the low representation of all marketers of reference of power system in which they are given high representation of its facilities offer units.

Rule 10th Suspension of participation of units of an agent of the market in case of communication of the suspension of a subject of system programming units, operators of the system, the market operator shall suspend the performance of the corresponding units in the market from market sessions subsequent to this communication.

THIRD chapter offers rule 11th general features of tenders tenders for the purchase or sale of electricity must be submitted by officials or by his representative to the market operator for each unit of acquisition or production or sale of which are holders and for each period of programming of a same programming horizon.

These offers can be simple or complex because of its content.

Simple tenders must contain a price and a quantity of energy, without including any complex condition that must be taken into account in the appeal.

Offers complex, in addition to complying with the requirements for simple offerings, incorporating one, several or all of the complex conditions which must be considered in the appeal process.

Rule 12th high of units for sale or purchase in the information system of the operator of the market operator of the market give high units for sale or purchase in the information system of the market operator, with the data holder that unit agent registered in the corresponding register, with data from administrative authorisations , and with the provided by the unit holder agent. Data from the information system of the market operator will be: • the unit's sale or acquisition code (defined by the market operator).

• Description of the unit's sale or acquisition.

• Type of unit for sale or acquisition.

• Code of the electrical system that operates the unit.

• Internal code of the Spanish electrical system.

• Maximum hourly energy for purposes of validation, in MWh with a maximum of one decimal place (from each of the physical drives that is composed for sale units).

• Maximum gradient of ascent and descent, MW/h with a maximum of one decimal place, for sale units.

• Percentage of property of the owner or owners in that unit.

When the unit's offer to sell is representation of a production facilities starting from renewable energy sources (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste, each holder of such facilities associated with the supply unit, or their representative on his behalf, shall communicate in the association process of the supply unit installation the marketer of reference that will act as a representative in the event of suspension of the communicated representation.

Plants energy renewable (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste may be since the first day of the month following the Act's sunset March a representative different from the marketer's reference that corresponds to them. Facilities that do not have implementation Act, to have a representative other than the marketer of reference that corresponds to them, must submit the prior registration in the administrative register of electrical energy production facilities.

The electrical code indicates in the case of Spain and Portugal, the electrical system in which occurs the sale or purchase of energy. In the case of external drives to the Iberian system, formed by the electrical systems of Spain and Portugal, indicates the interface through which is carried out the transaction, which may be of import or export, and correspond to the interconnections with France, Andorra and Morocco systems. Each authorized agent may define a single unit for the import or export through each of these borders.

For the interconnections between power systems with coordinated auctions of capacity, with physical delivery, import and export unit unit with prior rights, there is a single unit for imports and a single unit for export, for each authorized agent will be called.

There are three areas of supply, corresponding to the areas of Portuguese, Spanish and Moroccan. Each of these areas of supply will have its own price. The units that operate through the electrical system with Andorra belong to the area of Spanish offer.

Two generic units, electrical Portuguese and/or Spanish as appropriate, one sale and one purchase, associated to the same unit of generic programming, for the negotiation on the daily market of energy balances prior to the daily market, corresponding to the notification of the use of rights of capacity, and firm bilateral agreements prior to the daily market will be high.

The internal code of the Spanish electrical system identifies units offer of purchase or sale for the acquisition or sale of power in the Mainland electric system or through the connection with the electrical system balear.

Drives offer of purchase or sale of the Spanish mainland electric system energy, can only have associated programming from the Spanish mainland electric system units, and units of purchase or sale through the Balearic electrical connection may only have associated programming for buying or selling units through the Balearic electrical connection.

Each unit of production or sale offer, will correspond with a unit of programming, except for units of agent representative of energy renewable facilities (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste, which will correspond with one or more programming units. A programming unit may not be associated with two units.

Each unit's takeover bid, will correspond with a programming unit, except for units of consumption of pumping, in which they will correspond with one or more programming units and units of representation of units of purchase physical as representation in its own name.

The unit's offer of a representative with which offers several holders represented power, may not include power holders that represent different mode of representation.

Declared maximum hourly power units by the agent shall be limited to the maximum value of the corresponding record, or ministerial authorization in your case.

Max of a sale or acquisition unit power is the sum of the maximum power declared by the agent from each of the physical drives that make up that unit's sale or acquisition.

The maximum physical drives energy shall be limited to the maximum gross registered in the administrative register of electrical energy production facilities. For production installations using cogeneration or other forms of electricity production from waste energy the maximum physical units shall be limited to the maximum gross registered in the administrative register of production facilities of electric power multiplied by a coefficient of 1.2.

During the official tests of certification of new power, the agent may request a value of maximum energy higher than the registered in the registry in that facility, to carry out the tests. The maximum energy value shall apply to all periods of programming of the calendar days during which such tests.
Discharge from a programming unit of a subject that is market agent will be simultaneous with the discharge from the unit's offer of the agent. For an agent of the market may not exist a unit offer without programming unit, or a unit of programming without supply unit.

In the case of discharge from a programming unit of a subject that is not market agent, will accept that drive program on the third business day after the receipt of the request for discharge from the unit by the system operator.

If a unit of offer given high in the system is given low for a date by the owner agent of that unit, or this is with a zero maximum power for not having any physical unit at the request of Association changes associated with, all tenders submitted to the sessions of the daily market, the date for which has been applied for the low or the unit has been with no maximum power will be voided. Also will be withdrawal offer by default by applying such a withdrawal for the first day for which the unit is low or has no maximum power.

Rule 13th time of submission of tenders 1. On the daily market, bids must be received on the servers of information of the market operator before the end of the period of acceptance of offers. Hours of operations daily and intradaily markets of production of electrical energy corresponding to the daily market are described in the final rules.

2. for the intraday market, the market operator will determine the time initial and end of the period of presentation and acceptance of offers and shall inform agents. Bids must be received on the servers of information of the market operator before the end of the period of acceptance of offers. Hours of operations daily and intradaily markets intraday market for electric power production are described in the final rules.

3. the time of receipt will be stating the computer system of the market operator at the time of the reception.

Rule 14th place for submission of bids bids must be submitted in the market operator information servers by the electronic media that enable it to effect.

Electronic media available for the receipt of tenders from the entry into force of these rules shall be one or several of the following:-Internet access.

-Access through Digital Network integrated services (ISDN) lines.

-Access via dedicated lines for those agents who ask for it.

The agent is responsible for hiring, rent, maintenance and continuity of the functioning of the media who decides to use to access the system of information of the market operator, not being responsible for the market operator of any deficiency of others to their own information systems. In particular the use of agents of automatic connection must be monitored by them, not can be attributed to the market operator responsibilities that are beyond.

PC compatible computer must be connected to the system of information of the market operator.

If the agent decides to connect over the Internet you can use any media to connect to an Internet provider (ISP).

If the agent decides to install dedicated lines, must be put in contact with the address of systems of information of the market operator for the technical details of installation and configuration.

If the agent decides to have direct access to the market operator by ISDN, the market operator will assign you a username and password and will instruct you on the ISDN numbers to call to establish the communication. These data shall be communicated to the security officer appointed by the agent.

The market operator may update the media of your computer system to incorporate the technological advances that may occur.

The market operator shall keep informed agents of amendments incorporating in your computer system at all times.

Sellers or buyers made their offers of sale or purchase of electric power communication operator of the market assuming the costs and responsibility for procurement and maintenance of media service agent deems necessary for the sending of offers of sale or acquisition.

The market operator will inform sellers or buyers of the result of the verifications of their offers and the outcome of the process of appeal through the making available on the servers of information of the information system of the market operator. Such information will be accessible in the manner provided above.

Rule 15th verification of tenders subject to specific checks for the markets daily and intraday, contained in the regulatory rules of such materials, sale or acquisition tenders submitted by agents will be verified by the market operator, as a prerequisite to its possible acceptance, in accordance with this rule.

Verification of bids by the market operator does not change the responsibility of the agent by undue bids can be submitted.

15.1. verification of the status of the session for the submission of tenders.

The market operator will verify at the time of receipt of the offer in its computer system, according to the time available in this computer system, that this time is earlier than the time of completion of the period of acceptance of offers and subsequent to the opening of the session in the case of the intraday market. In the case of submission of tenders by file, if this has begun to receive in the system of information of the market operator before the time limit for receipt of tenders and the format of the file is correct, there will be the process of validation of all offers included in this file, whereas for the purposes of the time limit for submission of tenders the time of receipt of the file control inserting each offer with the result of the validation with the date and time of completion of the validation.

15.2 verification of the agent.

The market operator will verify:-that the agent is given high in the information system of the market operator, and that has not been suspended as a subject by the relevant system operator.

-That the agent is enabled to submit bids for the unit's sale or acquisition at the time of presentation of the same and for the programming period for which arises supply or communication of the bilateral contract.

-That the agent has sufficient guarantees for the presentation of the offer to purchase. If it's a sales unit of shared ownership or representation of production units of different agents on behalf and self-employed, will be verified that each of the owners agents have sufficient guarantees for the presentation of the offer to purchase in the amount corresponding in each case.

15.3. verification of the supply unit.

The market operator will check at the time of the presentation of the offer of sale or purchase, than facilities that comprise the unit of sale, by which such offer is presented are given high in the information system of the market operator.

Also verify that offer unit has not been suspended pursuant to rule «Prolonged lack of guarantees».

Rule 16th confirmation of the deals the market operator shall inform the following agents:-automatic confirmation of receipt of the offer of electric energy by the procedures provided for in these rules.

-Verification in the terms set out in these rules for the supply of electricity and communication of the result of the verification.

-Acceptance of the offer of electricity, if the result of the verification referred to in the preceding paragraph is positive, and inclusion of such offer in the process of Appeal exceeded the checks prior to the completion of the appeals process.

-Whether or not the outcome of the appeal, and where appropriate, the reasons for their exclusion in the terms established by these rules when it requests it.

The validation performed by the market operator system is firm, even in the case of disconnection of the system of the agent before the receipt of the response to this validation.

Rule 17th firmness of valid tenders of sale or acquisition of power, tenders and not replaced or cancelled by sellers or buyers to the market operator for each of the units for sale or purchase of which are headlines, they become firm at the time of expiry of the period of acceptance of offers.

Chapter room information and confidentiality rule 18th confidentiality and publicity of information 1. Agents undertake to keep confidential the data on the form of access to the computer system of the market operator, to guard the computer access codes, and to communicate to the market operator any incident relating to the security of the information.

2. the market operator and the system operators are obliged to maintain the confidentiality of the information that the seller and buyer has made available to them in the economic offer of sale or purchase of energy, in accordance with these rules.
3. the information corresponding to the different programmes and information associated to sale units will be considered confidential until the conclusion of the session of the daily market corresponding to the periods of programming of 90 days after such programs programming periods.

4. the information corresponding to the settlement of daily and intradaily markets of production of electrical energy of an agent shall be considered confidential for the rest of the agents.

5 agents will only have access to information from other agents if it is an aggregate.

6. an agent of the market may ask the market operator the consultation of the disaggregated information of any agent in the event of a claim relating to a settlement that affects you.

Rule 19th publishing information agents for its operation in the market the market operator provides to the agents of the market all the information necessary for the realization of market processes through the information system of the market operator. The use of certificates of access provided by the own operator is required to access this system. According to agent person that owns that accessed the system and access permissions that has, the system provides accessible information, respecting the criteria of confidentiality.

The market operator will put at the disposal of the agents of the market information through methods and formats set out in the current version of the document 'Model files for the exchange of information between OM and AM', in relation to the files exchanged between the two, and published by the market operator. Published information can be classified into the following sets: 19.1 daily market information.

• Offers file.

• Demand forecasts.

• Capabilities of Exchange in the interconnections. Maximum capacities and capacities available to the coupling of markets.

• Capacities allocated on interconnectors with capacity allocation.

• Unavailability of units.

• Warranties available.

• Consultation results from the daily market files.

The PDBC marginal prices.

Program basis of Cassation.

Program performance basis.

19.2. the intraday market information.

• Daily program viable.

• Offers file.

• Demand forecasts.

• Maximum capacities of interconnections Exchange.

• Capacities allocated on interconnectors with unavailability of the units capacity allocation.

• Limitations to offer units.

• Warranties available.

• Consultation results from the daily market files.

Marginal prices for the PIBCI.

Basis of Cassation cumulative and incremental program.

Final schedule program.

Hours declared void by the market operator or by the system operators.

19.3. information on liquidations.

• Files of settlement: common data.

• Time annotations file.

Corresponding market.

Production unit, acquisition.

Quantity.

Unit price.

Right to charge or obligation of payment.

Total collection rights or obligations accumulated by market.

• Daily settlement file.

• Payments and final cash total.

• File of acquisitions in the market of reference marketers.

• Payment guarantees.

• Formalized guarantees.

• Balance of the guarantees for the upcoming sessions.

• Status of the liquidation.

• Calendar of settlement and billing.

• Invoices and charge or credit notes.

• Information related to billing and taxes.

• Final cost of energy and the components of the final price in aggregate and for each type of consumer.

Rule 20th regular publication of information of a public nature the market operator provides to the public in general non-confidential information via the public web. The set of files and information provided by the operator described in the document 'Public information provided by the market operator' available on the web server itself.

To publish the information of a public nature, the market operator will apply the following criteria of confidentiality: 20.1 added curves of supply and demand and international and intra-Community trade.

After the appeal of each session of the markets, the market operator will publish for the Iberian market.

• Hourly rates and total energy negotiated time of the daily market.

• Added curves of offers and made demands, offers that they participate in the formation of prices and offers included in the resulting program of Cassation, with indication of prices and quantities of each stretch of power offered. Once the offers made to the market are public pursuant to these rules (90 days), it will proceed to add curves indication of units associated with each section.

• Occupation of each of the international interconnections per hour (including the married on the daily market more allocation maximum from the performed in international bilateral contracts) with indication of: commercial capacity of import and export for each interconnection.

Occupied in every sense and interconnection capacity.

Free in every sense and interconnection capacity.

20.2 information market aggregates.

The market operator shall establish the quantities, parameters, and variables added character that be significant should be published. In any case, shall be published not before three days after the closing of the sessions in the market, production technologies and the demand for categories of actors.

20.3 quota.

Subsequent to the conclusion of the session of the daily market which takes place the day first of each month (m), the market operator will publish recruitment quotas in energy in different markets and processes, of all players, for the month (m-2).

20.4. publication of information from the market by loss of confidential character.

Subsequent to the session of the daily market of the market operator will make public the information corresponding to the session held 90 days earlier, derived from presentation of bids and of Cassation and especially of the full contents of tenders submitted by agents in all sessions of the market.

Rule 21st communication periodical on the results of the market to competent authorities and of the market agents Committee without prejudice to other relevant information of the market, in accordance with the provisions in force must be transmitted to the Ministry of industry, energy and tourism to other competent authorities, the market operator will collaborate with the relevant regulatory bodies, the Committee of agents of the market and in their case with the European Commission in the transparency of the market and of their results.

For the former purpose of the market operator elaborate monitoring reports based on parameters that facilitate better monitoring, observation and verification of the data of the electricity market. In connection with this report, the market operator will apply the criteria of confidentiality that apply.

Rule 22nd information to the public the information provided by the market operator to one agent over another or other agents in compliance with these rules, and that does not come due to the existence of a claim, shall be provided to the public in general, except for information provided to several agents in compliance with legal provisions that require it.

To provide information to the public in general, the market operator will make use of your public website.

Chapter Fifth Committee of agents market daily of production rule 23.ª functions of the agents the agents of the market Committee Committee daily production is set up as a body that is intended to monitor the functioning of the management of the daily market and Intraday of production and the proposal of measures that can lead to a better functioning of those markets.

The specific functions of the Committee of agents of the market daily production are the following: to) track daily and intraday market of production operation and development of the Cassation and liquidation processes.

(b) through the market operator know any incidents that have taken place in the functioning of the market daily and Intraday.

(c) propose to the market operator operating procedures that can lead to a better operating daily and intradaily markets of production.

(d) advise the market operator in the resolution of incidents that occur in the recruitment sessions.

(e) obtain regular information of the market operator on those aspects that allow to analyze the level of competition in the daily and intraday market of electric energy production.

(f) any other function that is attributed to him by the applicable regulations for the better functioning of the market.

Rule 24th composition of the Committee the daily market agents Committee shall consist of a maximum of 25 members, with the following composition by groups: • six representatives of the producers of facilities not belonging to energy sources renewable (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste.

• Four representatives of producers of energy renewable facilities (except those that are part of a hydraulic management unit), cogeneration of high efficiency and waste.
• A representative of agents that act as representatives.

• A representative of the non-resident traders.

• Two representatives of marketers of reference.

• Four representatives of marketers.

• Three representatives of the consumers.

• Two representatives from the "OMI-Polo Spanish, S.A. (OMIE)".

• A representative of each of the operators of the system, Spanish and Portuguese, without the right to vote and without going into turn of Presidency.

Rule 25.ª designation of the members of the Committee of agents of the daily market of production the members of the Committee of the former rule groups 1 to 7 shall be representatives of different associations most important for each one of the activities, according to the volume of energy they negotiated in the daily market of production, any of which can occupy all positions corresponding to the same group except where there is an only member.

So that an association may request to have representation in the Committee it must operate, directly or indirectly, in the daily market of production along with at least three members, none of whom may be already represented by another association with a presence in the CAM.

Partnerships that do not have representation in the CAM will have priority over those that are already represented in the designation process.

Associations that wish to have representation in the CAM will request in writing to the market operator indicating the designation of Association and information about the companies that make, volume of energy they negotiated on the market last year, directly or indirectly, and the group in which requests have representation.

The market operator will study the application and verified that everything is agreeable and there is vacancy in the Group requested by the Association, shall proceed to give the same course to the CAM.

They should conflict occur by confluence of associations for a same position of Member of the CAM, the market operator will make the decision in accordance with the criteria of proportionality and representation and inform of the criterion is based on the same to the National Commission of markets and competition.

26th performance standards rule and regulation of internal regime daily production market agents Committee shall adopt its internal rules of operation, which is set to the periodicity of sessions, call procedure, code of conduct rules, procedure of adoption of agreements and the periodicity for the renewal of its members.

The position of Member of the Committee of agents of the market will be unpaid.

The President and the Secretary of this body shall be elected by the Committee of agents of the daily market of production among its members.

Within a maximum period of one year from the publication of this regulation, shall be to the confirmation or appointment by the existing associations in the CAM of their representatives in the same.

Chapter Sixth daily market rule 27th object and basics the daily market as an integral part of the electricity production market, aims to carry out transactions of electric energy for the next day through the submission of offers of sale and purchase of electric energy by the market players.

These offers will be presented to the market operator, and they will be included in a cassation procedure having effect for the horizon daily, corresponding to the day of the session.

The daily market is structured in one session for each daily horizon. Programming periods will be hourly, and daily horizon is composed of 24 programming periods consecutive Central European time (CET), or 23, or 25, in the days of official time change.

Rule 28.1 the daily market offers 28th object and contents of the offers of sale and purchase.

The offers of sale can be simple or complex, because of its content. Acquisition bids may only be simple without incorporating complex conditions.

It may only be made an offer of sale or purchase for a daily horizon itself and a unit of sale or purchase, except as indicated in the rule of physical delivery of energy negotiated term.

28.1.1. simple offerings.

For the purposes of the provisions of the rules are simple offers the offers of sale or purchase of energy showing sellers or buyers for each period of programming, and unit of sale or acquisition, which are responsible for expression of a price and a quantity of energy, may exist for each period of programming within a same daily horizon up to a maximum of 25 sections with a price that is different for each of these sections, being increased for sale offers, or decreasing for offers of acquisition. Simple offerings do not include any additional condition that must be taken into account in the process of appeal.

For sale units corresponding to units of production for which there is more than one owner for the purpose of winding-up, together with the offer of sale of the agent that represents it, is you receive the energy associated with each of the owners that will be committed to bilateral contracts, for consideration in the liquidation of the energies of the resulting program on the daily market.

28.1.2 complex offers.

For the purposes of the provisions of the rules are complex offers offers of sale of energy, fulfilling the requirements for simple bids, they incorporate all, some or any of the conditions listed below. Incorporate these conditions the market operator in cassation in the terms established in the rule that describes the algorithm of Cassation. They are conditions that can incorporate the complex, the following offers: 28.1.2.1 condition of indivisibility.

The condition of indivisibility establishes that if an indivisible part of the offer is married, it is, by all offered power and not by a fraction of it, except for the provisions on the application of the rules of distribution.

Vendors can incorporate only the offer of sale of energy per unit of sale condition of indivisibility for the first tranche of the offer of the 25 sections of production capacity possible in each programming period.

Vendors can incorporate only the condition of indivisibility in those offerings that do not declare any other complex condition.

28.1.2.2. condition of minimum income.

Sellers may include as a condition in the offers of sale of energy showing for each unit of sale that the offer shall only be considered submitted for the purposes of the appeal if it obtains a minimum income for all periods of programming, except for provisions in the rule's treatment of the complex condition of minimum income. Required minimum income shall be expressed as a fixed amount, declared in euros, no decimals, and a variable amount declared in euros per MWh, being able to include two-digit decimal.

The condition of minimum income may not be that requested income exceed by more than 100% to the income of the full acceptance of the offer to the price offered.

28.1.2.3 status of scheduled outage.

It is the condition that vendors may be included in the offer of sale of energy present for each unit of sale for the case that these offerings are not married by application of the condition of minimum income, so that may be considered as simple offerings in the first segment, from the first programming period up to a maximum the third period of the horizon daily programming. Offered energy that incorporates the scheduled outage condition must be decreasing during periods of programming for which the condition is declared.

28.1.2.4 condition of variation of production capacity or load gradient.

The condition of variation of production capacity consists of establishing a maximum difference of variation of energy upward or downward of the same, between two consecutive periods of programming for each unit of sale. This condition is expressed in MW/h, with a single decimal, and the result of its application will be, in any case, limited by the maximum available hourly production capacity of that unit of sale.

28.2. format for the presentation of offers of sale or acquisition.

Buyers and sellers be included, in the offers of sale and acquisition of energy showing to the market operator for each unit of sale or purchase, the following information: a) code of the unit of sale or acquisition.

(b) description of the offer. Alphanumeric field that does not use the algorithm.

(c) kind of offer, which must necessarily be offer of sale or purchase.

(d) date of the journal horizon. It is the one for which the offer is presented. It will be blank if an offer by default.

(e) offer by default. The valid data that can be included in the offer are: Yes, indicates that the offer is the default and the agent keeps it current for all daily horizons, from the time of receipt thereof by the market operator. In this case the date of the journal horizon is not used.

NO, indicates that the offer is not default and that it is only valid for the date of the journal horizon.

(f) status of minimum income for units for sale, which will be expressed by means of the following two values:
-Fixed term (TF) for a daily horizon itself, set in euros, unless decimals can be included.

-Term variable (TV), which will remain unchanged for a daily horizon itself, set in euros per MWh, being able to include two-digit decimal.

In the case of being equal to zero indicates that the offer does not incorporate this condition. In the case of acquisition offers both values must be zero.

(g) status of gradient, for units for sale, which will express the maximum gradient of variation of load of the unit's sale to raise and lower expressed in MW/h with a maximum of a figure decimal. In the case of «zero» means that the offer does not incorporate this condition. In the case of acquisition offers both values must be zero.

((h) for each of up to twenty-five (25) sections in which an offer of sale or purchase, and each of the programming periods can be divided, the following data will be: h.1) programming period corresponding to the offer.

h.2) volume of energy offered in the stretch by the unit's sale or acquisition, for each programming period expressed in MWh with a maximum of one decimal place.

g.3) price is offered that the section expressed in euros per MWh, with a maximum of two decimal places.

h.4) indication, in the case of offers of sale, in the first segment of each programming period whether or not the stretch of power is divisible.

h.5) indication, in the case of offers of sale, in the first three periods of the programming period, if the offer of sale of the first tranche of energy corresponds or not to a condition of stop scheduled for the first three periods of the journal horizon.

Additionally the agent can inform the energy associated with each of the owners who will be engaged in bilateral contracts in the case of offers of sale, selling units that have more than one owner, for consideration in the settlement of the daily market. This information will be sent by responsible for submission of tenders for each shared central, as well as the codes of the corresponding bilateral contracts. The market operator in receipt of such information will be the following validations: • the code of communication of information exists.

• Offer unit exists.

• The agent that sends the information is responsible for its shipping agent.

In case of not to exceed previous validations will be rejected all sent information concerning the unit's offer with a corresponding warning message.

28.3 information received from the operators of the system: unavailability, commercial capacities of international interconnections, information on the allocation of capacity and international bilateral contracts, national bilateral contracts and the outcome of the auctions of energy primary ticketing options.

28.3.1 definition and incorporation of information about unavailability.

Unavailability information sent by the operators of the system operator of the market information system will be made through this and will always contain all the unavailability of the corresponding system operator has confirmed any of the physical units of production units and units of acquisition of consumption of pumping, at the time of shipment for each system. Unavailability will be sent by physical unit. As a result, the market operator deemed that all production units not included in the latest information received from the relevant system operator are available.

Information about unavailability will be incorporated into the operator's market information system at the moment of reception in the information system of the market operator, the time limit of incorporation for the purposes of its consideration in the appeal process the hour of closing of the session of the daily market.

28.3.2 definition and incorporation of information on commercial capabilities of international interconnections.

The Spanish and Portuguese system operators shall send to the market operator the maximum capabilities of import and export in each of the international interconnections of their electrical systems with a weekly horizon and time breakdown.

The Spanish and Portuguese system operators shall send to the market operator available capabilities of import and export in each of the international interconnections of their electrical systems for the processing of Cassation of the daily market with Schedule breakdown. The market operator deemed that all interconnects and flow direction not included in the latest information received from the operators of the system will be zero.

Information about capacities available to the daily market appeal process will be incorporated into the operator's market information system, at the moment of reception in the information system of the market operator, being time boundary of incorporation for the purpose of its consideration in the appeal process in the daily market, the time limit set in rule of sequence of operations on the daily market.

Before the time limit established for the sending of information capabilities to the system of common law, the market operator will analyze the information received from the appeal of the market daily available capacity for interconnection between Spain and Portugal have received information for the interconnection of both operators of the sistema Ibérico.

The operator on the market for the interconnection between the Spanish and Portuguese system will proceed in the following way: if he has received the capabilities of import and export of both system operator and these coincide, shall forward to the appeal system before the established deadline received capacity values.

If you did not receive the values of both operators of the system for the interconnection between Spain and Portugal, or they are not coincident, proceed according to the following cases: case 1: If you have not received the capacities available to the daily market of any of the operators of the system before the set time on the rules of sequence of daily market operations , the market operator requested capabilities both operators of the system after 30 minutes from the aforementioned time limit of sending capabilities: • If after the 30 minutes have not been received the capabilities of any of the operators of the system, the market operator will forward to the appeal system a value of zero capacity available for the Cassation of the daily market for import and export in the border between Spain and Portugal for all the hours of the daily market.

• If after 30 minutes only have been an operator of the system capabilities, the market operator will confirm before after 20 minutes with the system operator which has not submitted the capabilities values received by the method agreed between both. If the capacity values are confirmed, the market operator will forward to the appeal system received capabilities. If the values are not confirmed, it will require to the system operator that has sent the capabilities that send again the capacity values. After 20 minutes the market operator will send to appeal system the last received capacity values.

• If after the 30 minutes have been both operators of the system capabilities, will proceed as indicated in case 3.

Case 2: If you have not received the capacities available to the diary of one of the operators of the market before the set time on the rules of sequence of operations from the daily market, the market operator will check if they have been on the date which makes checking values for periods of programming of the daily market of maximum capacities of import and export refers to the first paragraph of this rule, sent by the system operator that has not remitted the capacities available to the daily market. If these capabilities have been forwarded and coincide with the values sent by the system operator that Yes has sent the capacity available for the daily market values, the market operator will send the received values of capacity available for the daily market. If capacities for periods of programming of the daily market on the date in which the check is made have not been received or these do not coincide with the values of capacity for the daily market, the market operator will request to the system operator that has not sent the capacities available to the daily market that send them following the process described in case 1.
Case 3: If you have received the capacities available to the daily market of both operators of the system before the set time in rules the sequence of daily market operations or after the 20 additional minutes in case 2, but not be these coincidental, the market operator requested capabilities to both operators of the system after 30 minutes from the aforementioned time limit of shipment of capabilities, or 20 minutes if it has given the situation described in case 2. If the received new abilities match the received values will be sent. If after additional time does not match the market operator shall transmit capabilities values sent by the Portuguese system operator.

The referred the interconnections with the French system and the Moroccan system capabilities will be the values of the last valid capabilities file available for the daily market forwarded by the Spanish system operator.

The market operator will consider a value of the maximum capacity available for export, and where appropriate in the process of coupling of markets between Spain and France import, equal to zero if the market operator of the French electric system, or entity authorized by it in the process of liquidation, fails to meet any of economic obligations requiring by the market operator in connection with the liquidation of the energy exchanged between power system Spanish and French resulting from this process.

28.3.3 definition and incorporation of the information on the allocation of capacity and international bilateral contracts.

The Spanish system operator shall make available to the market operator notifications of use of capacity rights for each unit of sale or acquisition to confirmed assignments prior to the daily auction, as well as allocations of the daily auction at the interconnection with the French electric system, for the purpose of its consideration in the validation of bids submitted to the daily market , after receipt of such assignment, and for your consideration at validation prior to the appeal and within the same process.

The daily auctioning of capacity with French electrical system may be carried out by the operators of the system of Spanish and French, as a backup system when it can there no coupling between the Iberian market and the French market. The incorporation of the results of the auction of daily capacity of capacity will be made by a transaction between the unit of capacity rights and generic unit in the area of Spanish, the same offer that takes place prior to the daily auction capacity rights. During the transitional period which the appeal is carried out with the algorithm Euphemia, but considering null implicit link capacity with the French system, the result of the daily auction of such interconnection capacity will be declared in the same way that the rights of long term by market agents who acquire such rights, before the time limit established in the rule of sequence of operations on the daily market. In case of performing daily capacity auctions as a fallback system by the decoupling of the Iberian market from the rest of the market, capacity rights shall be declared in the same way, in the agreed timetable between the market operator and the operator of the Spanish system.

The operators of the system be made available to the market operator notifications of use of capacity rights per unit of sale or acquisition to confirmed assignments prior to the daily market in the interconnection with the Portuguese electric system, for the purpose of its consideration in the validation of bids submitted to the daily market, subsequent to the receipt of such assignment , and for your consideration at validation prior to the appeal and within the same process.

International bilateral contracts of the Spanish-Portuguese border will be sent to the market operator by the operators of the system once agreed between both operators. Borders of the Iberian international bilateral contracts will be sent by the operator of the Spanish system to the market operator.

System operators, once agreed upon between them to the Spanish-Portuguese border, made available to the market operator, before the closing of the period for receipt of tenders of the daily market, information from international bilateral contracts received from agents, for the purpose of its consideration in the validation of bids submitted to the daily market, subsequent to the receipt of such communication , and for your consideration at validation prior to the appeal and within the same process.

System operators will be available to the market operator capacity rights assignments for each agent not carried out the notification of use of capacity rights in the interconnection with the Portuguese electric system.

28.3.4 definition and incorporation of information about national bilateral contracts and the outcome of the auctions of energy primary ticketing options.

The market operator will receive the corresponding system operators, before the close of the period for receipt of tenders in the daily market, the information of the national bilateral contracts received from agents, for the purpose of its consideration in the validation of bids submitted to the daily market.

The market operator will receive the corresponding system operator, as soon as available, information about the coming energy nominations of primary emission of energy auctions.

28.4. verification of bids.

The offers of sale or acquisition presented by agents will be verified by the market operator, as a prerequisite to its possible acceptance. Verification will take place at the time of bids and at the time of closing of the period for receipt of tenders to the daily market session, as set out in this rule. Validations of tenders will be carried out in accordance with the following: 28.4.1 verification of the status of the session.

The market operator will verify at the time of receipt of the offer in its computer system, according to the time available in this computer system, that this time is earlier than the time of completion of the period of acceptance of offers. In the case of submission of tenders by file, if this has begun to receive in the system of information of the market operator before the time limit for receipt of tenders and the format of the file is correct, there will be the process of validation of all offers included in this file, whereas for the purposes of the time limit for submission of tenders the time of receipt of the file control inserting each offer with the result of the validation with the date and time of completion of the validation.

28.4.2. verification of the agent.

The market operator will verify:-that the agent is given high in the information system of the market on the date which is presented the offer and is not suspended by the operators of the system as a subject of the system operator.

-That the agent is enabled to present offers, for the unit of sale or purchase for unit acquisition, at the time of presentation of the same, for periods of programming for which the offer is presented. All offers agent presenting offers to units for which is not enabled on the corresponding date will be rejected.

28.4.3. verification of compliance with guarantees.

The market operator will verify at the time of the inclusion of the offer, if this is for the next session of the daily market, which agents who will validate the adequacy of guarantees of such offer in the subsequent process of Cassation, will have sufficient guarantees to satisfy the maximum payout estimated the energy corresponding to the offer presented on the day on which such payment obligation is enforceable , based on the best information available at the time of the inclusion of the offer.

The estimation of the maximum payout of the offer presented will be the assessment of the same and shall be established by the market operator by multiplying each time span of power by the value of its offer price at that time more taxes and applicable fees.

The offer will be accepted on a provisional basis, even in the case that no warranties are available, but the agent responsible for the supply of the result of this verification shall be informed.

28.4.4. verification of the unit sale or acquisition.

The market operator will check at the time of the presentation of the offer that there are physical drives that make up unit sale or acquisition, which presented the offer, which are given high in the information system of the market operator to the date for which the offer is presented.

28.4.4.1 checks the maximum power to bid on a programming period.
For an offer of sale or acquisition brought to a session, which is not the default will be validated that offered power in total for each programming period, most energy declared for that unit in the set of executions of bilateral contracts prior to the daily market, including notifications of use of capacity rights, which have been notified by the operators of the system for this session, does not exceed any of the following values: • the maximum energy of the unit in the database of the market operator.

• For units for sale which have declared an unavailability, the maximum energy available to considering in the case that presented offer is for the next session of the daily market unavailability in force, meaning maximum available power max power granted once unavailable from their physical drives energy. In the case of the normal range for a session to the next session of the daily market, offering unit shall be deemed available for the purposes of validation during verification of offers at the time of submission of the offer. In check in the process of preparation of tenders to the daily market, will be checked again the validity of the offer considering the maximum power available taking into account the unavailability in force at the time of closing of the session as described in the section on verification of tenders before the appeal.

In the case of overcome the energy offered the maximum value in any of the programming periods, offer will be rejected in its entirety.

If submitted bids are by default, will be validated energy offered in each programming period against the declared maximum power in the data base of the market operator for that unit, being provisionally accepted the offer, at the expense of the overall validation of offers and executions of bilateral contracts prior to the daily market before the Cassation , in the process, exceeded the limits established by the global validation will be rejected the complete offer. Since the offers by default applied from the moment of your shipment without a date of offer communication condition, will be validated that the date of the offer by default is back to 00: 00 hours of the day for which the corresponding supply unit has been given high.

28.4.4.2 verification of the contents of the offer.

(a) check for offers of sale that the corresponding to the programmed stop sections correspond to the first section of the first programming period and a maximum until the third programming period and these are decreasing in terms of energy offered in the periods for which declares the status of scheduled outage.

(b) checking for offers of sale that the different sections of energy of the same unit of sale prices have increased prices on offered power.

(c) check for offers of acquisition that the different sections of energy of the same unit of acquisition prices have falling prices with respect to the offered power.

(d) checking that the minimum income that the seller incorporates as a condition in the offer of sale of energy for the unit of sale, are not in 100% superior to the income that would be the simple offer complete sales unit.

(e) verification that the offer for sale unit incorporates a stretch only indivisible for each programming period.

(f) verification that an offer that declares the status of indivisibility in some stretches, does not represent any other complex condition.

(g) verification that the gradient of ascent and descent declared in the offer is equal to or less than the corresponding registered in the information system of the market operator. In absence of a maximum in the information system means that the gradient does not have a value threshold.

28.4.4.3 verification of bids with respect to bids from the term market.

The offers of agents for their involvement in the daily market of production not coming from open positions in the market in the long-term, their inclusion, is not validated against bids from the term market. All bids will be validated prior to the appeal process.

28.5 validations to the communication of information of bilateral contracts submitted by the operators of the system.

In the process of receiving communications of bilateral, put contracts available to the market operator by the operators of the system, the following validation process is performed.

Validations to bilateral contracts communications presented to the market daily.

Validation on the inclusion of the communication of a bilateral contract, will be for the energy of each unit declared in the contract in each programming period. It will be validated in each programming period than the energy to each unit, does not exceed any of the following values:-the maximum power of the unit in the database of the market operator.

-The maximum energy available to considering current unavailability.

In the event that exceeded any of these securities, in any of the programming periods, the acceptance of the file will require the conformity of the corresponding system operator.

The sale in a bilateral contract programming units will be generic units or programming units associated with units for sale. The purchase in a bilateral contract programming units will be generic units or programming units associated with units of tender offer.

In the event that the implementation of a bilateral contract may not be incorporated into the system of the market operator for violating these rules, such performance of bilateral contract will not be incorporated into the system and can be incorporated the rest of executions of bilateral contracts received in the same communication.

Validation on the inclusion of the communication of a bilateral contract, will be for the units involved in the Declaration of the bilateral contract:-all sale of a bilateral contract programming units will be located in the same electrical system and seller shall each have a program.

-All the programming of a bilateral contract purchase units will be located in the same electrical system and buyer will have each a program.

-Bilateral contracts submitted by the operators of the system will be programming of their electrical systems units. The system operator electric Portuguese forward bilateral contracts for units in the area of Portugal and the operator of the Spanish electrical system forward bilateral contracts for units in the area of Spain, France, Andorra and Morocco.

28.6. acceptance of bids for sale and purchase.

The latest offer of sale or valid acquisition of power by agents of the market operator for each of the units for sale or acquisition of which are holders, will become firm at the time of expiry of the period of acceptance of offers.

28.7. effects of the inclusion of the offer of sale and purchase in the appeal process.

That seller or buyer will accept the results of the appeal under the terms resulting from the rules.

28.8 presentation of offers of bilateral contracts with physical delivery.

For the implementation of paragraph 3 of article 9 of the Royal Decree 2019 / 1997, of 26th December, sellers who have signed bilateral contracts with physical delivery of energy, must submit bids to the market priced their opportunity with a unit's acquisition of agent seller, by an amount of time equal to or higher than the power declared in bilateral contracts with physical delivery.

Agents sellers who have signed bilateral contracts with physical delivery of stated power with programming units of electrical system external to the Iberian system (programming in the area of France, Andorra or Morocco units) and units of programming acquisition, shall declare such bilateral contracts with its programming of selling units in such electrical system, which may not be generic units.

29th physical delivery of energy negotiated term rule.

The energy negotiated term, whose settlement by physical delivery is requested by the holder, can be integrated into the daily market of production, especially coming from the entities referred to in the International Convention on the establishment of an Iberian electricity market.

29.1. definition of contract term (UCP) unit.

Contract term (UCP) units are units of liquidation in the term market to allow settlement by physical delivery.

Hiring term units will have the following characteristics: to) each UCP will belong only to an agent of physical liquidation of the market of hiring term and a daily market agent.

(b) the daily market agents must notify the operator of the market daily composition of each UCP, detailing suppliers units that compose it and by the means established for that purpose.

(c) a UCP can contain any sale units and/or units of acquisition of the daily market, except the generic units.

(d) each unit sale or acquisition of the daily market only may be included in a UCP.
(e) the powers received as corresponding to a UCP open positions may not constitute an 'unnatural' position. In this case it will be rejected by the operator of the market daily.

It shall be deemed that there is «unnatural» position when the open position of a UCP power exceeds the sum of the maximum of units for sale or the sum of maximum units of acquisition that group, with its appropriate sign.

(f) units of sale and/or acquisition comprising each UCP only eligible suppliers units which shall be settled on the daily market at the price of power in Spain, or alternatively, the price in Portugal, not allowing the same UCP in both types of units.

29.2 delivery positions to its settlement by physical delivery of the market operator to run.

29.2.1. period of shipment.

Term market operator and the operator of the market daily calendar of liquidation of positions in the run, which will indicate the day of sending the information of each underlying will establish at least for 6 months. The abovementioned is understood notwithstanding that this timetable may be altered as a result of changes in the situation of the markets or the type of products traded on the market operator to run.

Open positions will be sent by OMIP-OMIClear before the time set in the information system of the operator from the daily market that never distará less than two days of the delivery of the underlying. Within a day the deadline for the submission of open positions will be 17:30 hours.

The indicated hours correspond to Central European time (CET).

29.2.2 validations and response.

Daily market operator will validate the term open positions, agent/UCP, in accordance with the following points: to) the market operator term will only send positions for physical delivery corresponding to term contracts registered in the operator.

(b) subsequently must be checked that the agent and the UCP correspond to existing and in force at the time of the communication and the period of physical delivery agents and UCP and the UCP corresponds to the agent.

(c) finally shall be verified that the corresponding physical delivery quantities are within the limits of the UCP. In case of failure to do so shall be deemed that the connected position is unnatural, and it will be rejected.

29.3. effects of forwarding information. Cancellation of breakdowns of the previously sent agents.

The market operator to run may make new shipments of information by altering the information of positions open as sent in the case that detects that there has been a violation of the rules of the market term. Remission of altering a position previously sent by the market operator to run only may be carried out until the end of the period for receipt of tenders of the daily market. In said assumption will void the breakdowns for altered positions agents carried out up to that time.

29.4. reception of breakdowns of the open positions of the agents.

Agents desagregarán the energies of each UCP suppliers units associated to the same sale or acquisition, respecting the limitations set out in the present rules of the market.

29.4.1. period of shipment.

Agents may send the breakdowns of the energies of the UCP from the close of the period for sending the corresponding positions opened up by the market operator term until the close of the period for receipt of tenders of the daily market.

Agent will have the option of disaggregation default to those UCP containing only a provider unit. For those agents that use this option, the breakdowns will be calculated automatically, according to the rule set, not being necessary to its shipping.

29.4.2 content.

Agents will send the information of the breakdowns in hourly values, and can perform in a same shipping the breakdowns of all their units of hiring term.

In addition, agents may be in a same shipping the breakdowns of the powers of recruitment drives for different future days, for those days that the operator of the daily market information communicated by the market operator to run open positions available.

29.4.3 breakdowns by default.

The breakdowns by default are those which will be calculated automatically and according to the following points: to) may only be used by those UCP containing only a single provider unit.

(b) in the event you later wish to include a new provider drive in that same UCP, you must first remove unbundling option by default. Otherwise the new UCP/unit provider relationship will not be high.

(c) the agent using the information of market operator system you can choose the option that applies the disaggregation by default or not, and its effective date.

(d) the agent shall communicate a maximum limit in MWh which accepts that he occurs you disaggregate by default. Where the value of open position by OMIP/OMIClear exceeds this limit, it desagregará only up to the limit set by the agent.

e) whenever OMIP/OMIClear open positions are received will proceed to automatically break down those that have chosen the «breakdown by default» option.

(f) once started the period of breakdowns, the agent may make updates or cancellation of such information, in the same way as if they had been a normal breakdown.

29.4.4 validations in the reception and response.

Daily market operator will validate the breakdowns of the positions open in accordance with the following points: to) first check that the agent that the shipping of breakdowns is not suspended or excluded from the term market, according to the information received from the market operator to run, or is suspended or discharged in the daily market operator.

(b) subsequently, it will be verified that drives UCP and suppliers units for sale or acquisition of the daily market that will use open positions, correspond to agent units, existing and in force on the date that is breaking down.

c) must be checked that the suppliers units are associated with the UCP for the date that is breaking down.

(d) verify that disaggregated for each provider unit powers are consistent with maximum and information available powers available to the operator of the daily market at the time of the reception of the breakdowns.

(e) verify that the unbundling of the energy of the open position of a UCP for a period of time performs well in sale units, or units of purchase, depending on the position of the UCP of sale or purchase.

If you cannot overcome relating to agent validations, will be rejected the information of breakdowns with the corresponding warning message.

If you cannot overcome the concerning suppliers and units UCP validations, will be rejected the information from disintegration of the UCP that does not comply with the validation with the corresponding warning message.

29.4.5. updating of information.

The information of breakdowns may be replaced through the communication of new information of breakdowns to a UCP. If you meet the established validations, new information will replace all the effects to the above information. In case of failure to comply established validations, will remain as valid earlier available information that was previously accepted as valid.

Agent may communicate the cancellation of a breakdown of a UCP communicated information to a specific day. In this case, the information of the UCP, including shipments previously accepted as valid, will be considered as invalid.

29.4.6 creation from offers of positions open on the market period.

The breakdowns in units for sale or acquisition of positions open from the term with settlement by physical delivery market, sent by agents and which have been proven valid, shall be deemed instrumental price offers in the process of the daily market appeal. As time of discharge from the breakdown, will be considered on receipt of the information from disintegration by the agent.

The breakdowns in units of acquisition shall be deemed for all purposes as simple instrumental purchase price offers and the breakdowns in units of sale shall be deemed for all purposes as simple offers instrumental sale price.

29.5. Exchange of information with the term market operator.

29.5.1. structural data information.

The exchange of information on the agents aims to identify and qualify the agents of physical liquidation of the term market and the respective UCP with which settled in the daily market of production operations.

As regards the transmission of information between OMIE and OMIP-OMIClear, this will include making relevant information available to the other party, taking the the receiving party the obligation to pick it up.

29.5.1.1 admission of an agent of settlement by physical delivery.

Agent of the market of hiring term that you want to make the settlement by physical delivery of their positions, should be the daily market agent or have signed a contract with a liquidator physical market agent to run, that is the daily market agent,
Prior to acceptance as a physical liquidation by OMIP-OMIClear agent, following exchanges of information between the market operator to run and the daily market operator will be: to) the market operator term will ask the operator of the daily market acceptance of the physical settlement agent.

(b) the daily market operator rejected or accepted the physical settlement agent.

(c) the term market operator will accept the possibility of physical agent delivery, where the daily market operator has given its acceptance.

29.5.1.2 high hiring term (UCP) units.

Prior to the acceptance of a UCP concerning the energy of a physical settlement in the daily market agent, following exchanges of information between the market operator to run and the daily market operator will be: to) the market operator term ask the operator of the daily market acceptance of the UCP indicating the name of the agent the same code and the code of the UCP.

(b) the daily market operator will accept the UCP, communicating to OMIP-OMIClear in next business day registration in your system of the UCP, indicating when it is available.

(c) the term market operator will definitely accept the UCP and shall transmit the decision to the agent.

(d) both operators may apply to the other operator sending all the valid pairs of agents/UCP updated information at that time.

29.5.1.3 low physical liquidation of the market operator agent run.

When this occurs a low or output of an agent of physical liquidation of the market operator to run, this shall communicate the following information to the operator of the market daily: to) the market operator term shall inform the operator of the daily market of the lowering agent and respective units of hiring term.

(b) term market operator shall make available to the operator of the market daily information containing the name and code of the agent and the respective UCP's agent.

29.5.1.4. temporary suspension of an agent of the operator of the market daily.

In case of temporary suspension of an agent of the operator of the market daily, term market operator shall follow their procedures and the daily market operator rejected physical deliveries stating the reason for the rejection.

29.5.1.5 exclusion or unsubscribe from an agent of the operator of the market daily.

When this occurs a low or output of an agent of the daily market operator, it shall communicate the following information to the market operator to run: to) daily market operator shall inform the market operator term lowering agent.

b) the market operator term checked out the possibility of physical delivery to the agent.

(c) for a period of up to two working days, shall be permitted to be agent rejected physical deliveries in the daily market operator, in the same way as in the case of temporary suspension of an agent of the operator of the market daily.

29.5.2. general information on the markets.

Operator of the daily market and the market operator to run will be following exchanges of information: to) public information they consider relevant, taking into account their availability on the public website of each market.

(b) the essential information, posting a link to the public website of other market when users require additional information.

Rule 30th procedure of Cassation of the daily market.

30.1. the basic elements of the procedure of Cassation of the daily market.

The market operator will be the appeal of offers of sale and purchase of energy by means of the algorithm called Euphemia. Detailed description of the algorithm will be agreed upon by the market operator, OMIE, with the rest of European operators in the market which has signed the agreement of cooperation for the realization of a common unique appeal among different European market operators. The agreed document will be published by the market, OMIE, operator on its website, and will be presented by OMIE, and each of the operators of the market, regulators or entities responsible for the approval of market rules in each case.

Energy production subject to bilateral contracts involving will be incorporated in the appeal process, not taken into account during the appeals process for checking maximum sale or gradient of load of the unit of sale in question.

The price in each programming in each area of offer period will be that corresponding to the result of the algorithm Euphemia.

Prior to the implementation of the appeals process following validations will be held to select tenders considered in the process of appeal, with the information sent by the operators of the system about bilateral international contracts, unavailability, and with the information of the powers with capacity rights notification and assignment of capacity, submitted before the close of the period for receipt of offers from the daily market.

Validations of guarantees of the agent.

Once closed the period for receipt of tenders to the session of the market, will proceed to the validation of all offers of acquisition of each agent to verify that such offers of acquisition have sufficient guarantees.

For the purposes of the evaluation of bids shall be deemed assessment of energy runs hourly to their prices including taxes and applicable fees.

It must be checked that the agent that will settle this unit offer has the assurances for the offer to purchase. The agent that will liquidate the unit's offer will be unique except in two cases, in which one to act as follows: 1. supply unit is shared property, or groups shared ownership units all in identical percentage between different agents represented on behalf and on behalf of others. In this case each of the titular agents must have sufficient guarantees to support the offer of purchase of their ownership percentage.

2. the offer is representation of units of different agents on behalf and on behalf of others with different percentages of ownership. In this case each of the agents must have sufficient guarantees to support the full purchase offer.

The value of the offer with the balance of surplus corresponding agents guarantees will be compared on the day that applies the offer, with the best information available at the time of receipt of tender closing.

In case of having all players of sufficient guarantees, the offer will be accepted provisionally entered in the appeal process. Otherwise it will not be incorporated into the process.

For each tender offer incorporated into the process of appeal is score a reduction of balance of surplus guarantees of the corresponding agents by the value applicable for this offer as appropriate. Once the liquidation is performed instead of this annotation will include results of billing.

Validations to tenders submitted to the daily market.

First is validated offers normal or default units with capacity rights assignment submitted to the market, in reverse order to the order of inclusion, and first of all normal tenders and subsequently of the defect.

The validation will check that you for the last valid offer presented, normal, or by default, for each unit of sale or purchase, that the energy of the programming of the offer period, more energy from the same unit and programming period, executed in international bilateral contracts, or notification of use of capacity rights, previously reported by the operators of the system and accepted , does not exceed any of the following values:-time peak power unit in the database of the market operator.

-The maximum energy available to considering current unavailability.

In the event that none of these securities, in any of the programming periods, is not exceeded the offer will be accepted for the appeal process. In the event that exceeded any of these securities, in any of the programming periods, the offer will be rejected in its entirety.

Second is validate normal or default bids not validated previously, in reverse order to the order of inclusion, and first of all normal tenders and subsequently of the defect.

The validation will check that for the last valid offer presented, normal or by default, for each unit of sale or acquisition, that the energy of the programming of the offer period does not exceed any of the following values:-time peak power unit in the database of the market operator.

-The maximum energy available to considering current unavailability.

-To offer generic units offered power is less than or equal to the balance unit buyer of generic in the same programming period programming.

-For generic offer to purchase units offered power is less than or equal to the balance vendor of the programming unit generic in the same period of programming.

In the event that none of these securities, in any of the programming periods, is not exceeded the offer will be accepted for the appeal process. In the event that exceeded any of these securities, in any of the programming periods, the offer will be rejected in its entirety.
Validation in the closure of receipt of tenders coming from the open positions on the market term and consideration of these offers on the daily market clearing algorithm.

For the purpose of validation of energies disaggregated by agents at the moment of the closing of the receipt of tenders shall be deemed offers to the daily market price instrumental, and it will be considered the moment of acceptance as the time is received and accepted the unbundling of the energy of the UCP.

For all purposes shall be considered the above information in the validation process by reverse finishing order, with priority given to the most recent information.

At the moment of validation to the closure of receipt of tenders only be repelled from offer of open positions corresponding to the unit's offer not to exceed established validations, maintaining the rest of the information for other units corresponding to the same unbundling independently.

The valid breakdowns of open positions on the market with settlement by physical delivery term will be considered as instrumental price offers. Information power and price of these deals will be treated in the algorithm of Cassation as offers of corresponding units sent by the agent to the daily market-independent: to) the complex conditions that the agent had failed to include in the offer sent to the daily market shall not apply to the energy corresponding to offers from open positions in the market in the run.

(b) the process of appeal to the daily market will take place as indicated in the rule to the effect, trying to both offerings of the same provider unit independently.

30.2. procedure of Cassation.

The Cassation Euphemia algorithm for the optimization of the so-called welfare State, which corresponds to the sum for the whole of all the periods of the horizon of programming for the benefit of the bids, more the benefit of sale offerings, more income from congestion. He is meant by benefit of the bids the difference between the price of the offer to purchase married and the marginal price received, and benefit from the offers of sale means the difference between the received marginal price and offer to sell price married.

Euphemia algorithm considers curves added in step, which correspond with the curves for which the beginning of acceptance of a stretch of energy price and the price of complete acceptance of this stretch of power is matched, and with interpolated added curves, which are those that correspond to curves for which the beginning of acceptance of a stretch of energy price and the price of complete acceptance of this stretch of power differ at least in the minimum bid prices jump. For the treatment of both types of curves the Euphemia algorithm performs the appeal process with accuracy in the values of prices and energy values, the decimal limit set for the submission of tenders. Once the appeal process is performed for each market rounding of values of energy and prices, to the precision established in each market. Precision set for the Iberian market is two decimals for prices, in euros per MWh, and a decimal for energies, in MWh.

Euphemia algorithm considers in each market block conditions or specific complex conditions of the market, being conditions for the Iberian market offers the established in these rules.

The result of the algorithm Euphemia is limited to the Exchange conditions set out in each market the areas of supply. Thus the net flow between areas offer internal to the Iberian market (flow between Spain and Portugal) and the borders of the Iberian system (flow between Spain and France, and flow between Spain and Morocco), they will be limited to the capacity available to the market communicated by the operators of the system responsible for such communication.

Euphemia algorithm is all simple offers a unique offer, sum of the set of all simple offerings in the area of supply. Once the appeal process, the market operator will proceed to the allocation of sections married and not married simple bids in each area of offer.

Once completed the process of Cassation of Euphemia, will be assigned the values of the energy sections married and not married of all bids that have declared any complex terms, excluding the condition of indivisibility, as well as the values of the energy sections married and not married by the set of offerings that have not declared any condition complex or have only declared the condition of indivisibility.

For the execution of the Cassation algorithm will perform the following operations: 30.2.1 establishment of the order of the economic precedence of the offers of sale and offer for sale curve determination.

The market operator shall establish, for each period the horizon daily programming, the agenda of economic precedence of offers of sale from the cheapest to the most expensive to cover the demand for energy in this programming period. In the event that there are stretches of energy at the same price will be sorted with the following criteria: • date, hour, minute and second of inclusion in the information system of the market operator of the offer of minor to major.

• Volume of power of the stretch of minor to major. In the case that the mentioned date, hour, minute, and second also coincides in both offerings, these will be sorted by the amount of energy in the stretch.

• Alphabetical order from least to greatest. In the event that the amount of energy also match they sorted by alphabetical order, and in his case, decreasing order.

The market operator will determine the aggregate offer curve ascending order by adding the price of the energy quantities offered regardless of the sales unit to which these amounts correspond.

For the execution of the algorithm of Cassation Euphemia two aggregate sales curves are determined by each area offer: • the first aggregate curve offers will contain all sections of all simple offers and all sections of all simple offerings that have declared in some period of time the condition of indivisibility. The energy offered to a same price will be added to this price without differentiation. The curve will not contain identification of the units to which they correspond.

• The second curve added offers will contain all the sections of the economic precedence order which are not contained in the first aggregate curve of offers of sale, without adding the energy offered to a same price, and with identification of the supply sections that belong to the same offer. The curve will not contain identification of the units to which they correspond.

30.2.2. determination of the curve of acquisition.

The market operator shall establish for each programming of a daily horizon period, the agenda of economic precedence of the bids based on the most expensive, until you reach the cheapest during the programming period. In the event that there are stretches of energy at the same price will be sorted with the following criteria: • date, hour, minute and second of inclusion in the information system of the market operator of the offer of minor to major.

• Volume of power of the stretch of minor to major. In the case that the mentioned date, hour, minute, and second also coincides in both offerings, these will be sorted by the amount of energy in the stretch.

• Alphabetical order from least to greatest. In the event that the amount of energy also match they sorted by alphabetical order, and in his case, decreasing order.

The market operator will determine the aggregate purchase supply curve adding by decreasing the price of the energy quantities offered regardless of the unit of purchase to which these amounts correspond.

For the execution of the algorithm of Cassation Euphemia aggregate bids curve is determined by each area's offer, which will contain all sections of all the bids. The energy offered to a same price will be added to this price without differentiation. The curve will not contain identification of the units to which they correspond.

30.3. treatment of the deals with the complex condition of minimum income.

Euphemia algorithm performs the process of appeal with a precision higher than the two decimal places set for prices of the offers in the Iberian market and superior to one decimal place accuracy established for the energies of the offers in the Iberian market.

Although Euphemia algorithm considers the complex conditions laid down in these rules, and must meet the requirements that establish such conditions, verification of compliance with the complex's income condition minimum will be made with the value prices and energy used in the process of appeal before rounding, can therefore be married an offer, being the value added fixed term more variable term multiplied by the final energy married once made rounding less than the sum of the multiplication of power married once made rounding, by the hourly marginal price once the rounding.

30.4. treatment of the deals with the complex condition of gradients.
In the implementation of the complex condition of load gradients, a stretch of power offered a price higher than the marginal may be married, with the acceptance of this offer section allowing an appeal of adjacent programming periods in power, such obtained a solution with one higher welfare, fulfilling the rest of conditions of the algorithm.

30.5. treatment of bids with the condition of indivisibility.

Once completed the process of Cassation of Euphemia, will be assigned the values of the energy sections married and not married of all bids that have declared any complex gradients, minimum income and scheduled outage conditions, as well as the values of the energy sections married and not married by the set of offerings that have not declared any of the complex conditions.

If in the process of allocation of the sections simple offerings or sections of the deals with the condition of indivisibility, indeterminacy occurs as result that the aggregate of such married supply offers, called simple to marginal aggregate power, exceeds the energy allocated to such offers in the process of appeal of Euphemia, called power to distribute to marginal (, proceed as follows: to) if the marginal price is greater than zero, will be assigned to each tranche a proportional part of the simple aggregate power to marginal, such that the sum of allocations is equal to the power to hand out to marginal. The rate applied is which corresponds to the ratio between the simple aggregate marginal power and energy to distribute to marginal.

(b) if the marginal price is zero will apply the following criteria: b.1 if the sum of energy of the simple added to marginal power stretches that have stated the condition of indivisibility is greater than the power to hand out to marginal, will apply as described in paragraph a) prior.

b.2 If the sum of energy of the stretches of the simple power added to marginal that they have declared the condition of indivisibility is less than or equal to the power to hand out to marginal, is assigned to the sections that have been declared the condition of indivisibility an energy equal to the energy offered. Married sections that have not declared the condition of indivisibility is assigned a proportional part of his offer, such that the sum of allocations is equal to energy for distributing at least marginal power assigned to units married Declaration of indivisibility.

30.6. the daily Iberian market recasacion.

Once the process of the daily market appeal, and once confirmed the result by OMIE, as well as all the market operators who perform the Cassation coupled to the Iberian market, the results of flows by the France-Spain interconnection and prices, called final prices, will be firm.

If subsequent to the publication of the program basis of Cassation, an error in the appeal process are observed in good time, the Iberian market operator shall, once consulted the operators of the Spanish and Portuguese system, repeat Cassation way decoupled from the rest of the European markets, while maintaining flow in the interconnection between Spain and France result of the previous appeal process. As a result of the recasacion you will get a new result full of Cassation of the daily market Iberian, which will replace the previous result, being apply to the liquidation process, except as indicated below. The price of the Spanish system called the final price, which corresponds to the common appeal confirmed by European market operators will be taken for the purpose of economic valuation of the flow in the interconnection, with France, as well as for the purposes of the calculation of the income of congestion in the interconnection.

30.7. reopening of receipt of tenders to the daily market session.

If daily market appeal process occurs in any of the situations referred in local procedures of one of the operators of the market, such that reopen the receipt of tenders to the session of the daily market in the field of operation of the market operator, given that this opening implies a new process of appeal for all markets the Iberian market operator be able to open the period for receipt of tenders to the session of the daily Iberian market for all market agents, over a period of time consistent with the reopening of the process of receipt of tenders in the rest of the markets. The Iberian market operator shall inform all stakeholders, by means of a message in the web of agents, reopening of the session and the reason for such reopening schedules.

Also, when one of the situations referred to in the common procedures of development process of Cassation of the daily market that will lead to a situation of partial or total disconnection of some of the interconnected areas of price, the Iberian market operator be able to open the period for receipt of tenders to the session of the daily Iberian market for all market agents , for a period of time consistent with the common development of the appeal procedures. The Iberian market operator shall inform all stakeholders, by means of a message in the web of agents, reopening of the session and the reason for such reopening schedules.

Rule 31.ª result of the abrogation of the daily market in the case of units of shared property, married energies will be assigned to each co-owner proportionally to the difference between the total energy of the unit married on the daily market more energy involved in all bilateral contracts multiplied by the percentages of ownership and information about power assigned to the owner that will be committed to bilateral contracts.

In cases where married on the daily market more energy those declared to be assigned to each agent exceed the maximum energy available either power declared to be assigned to an agent exceeds the share according to their percentage of ownership of the foreseeable PBF energy shall not be taken into any account statements and therefore the percentages of ownership on the unity of each of the agents will be used.

Rule 32nd calculation of the resulting programme of the Cassation of the daily market resulting appeal programme is the result of the appeal referred to in Royal Decree 2019 / 1997, of 26th December, in its article 10.

The market operator will provide agents the content of the resulting programme of Cassation corresponding to their units for sale or acquisition on the terms set forth in these rules.

The market operator shall make available to the operators of the system the contents of the resulting programme of Cassation matching, assigning previously to offer generic unit values corresponding to offer generic unit and the values corresponding to the unit of generic offer of purchase, with your sign. Generic supply unit will have positive and negative values depending on sale or purchase, and will only serve to put at the disposal of the operators of the system the outcome of the appeal.

32.1 communication breakdowns of the units for sale.

The agents of the market with units for sale that Act on behalf and for the account of third parties, market will send the market operator, for the purpose of liquidation, the breakdowns of the results of the appeal for each of their units of sale that are married in the appeal process.

1. every agent, in the light of the outcome of the appeal, shall notify the market operator the provided breakdowns of the session of the daily market, for each unit of sale associated with having more than one physical drive.

2. the files of the planned breakdowns shall contain for each unit of sale the breakdown of each unit in physical units, in MWh with a maximum of one decimal place.

3. the breakdowns will be received for the outcome of the appeal before the time established in the present rules.

4. those breakdowns that are not received before the cut-off time, or whose communication is not valid, shall be in proportion to the maximum powers of the database of the market operator.

5. in the event of failing to notify the agent the valid breakdowns before the set time, these will be calculated by the market operator according to be stable in the previous point of this rule, without consideration of the limits of power installed, power greater than zero, available, being the agent responsible for the economic impact derived from the application of the breakdowns by default applied by the absence of data , or by the erroneous communication of these. The adjustment to the integer value will be held according to the rules of rounding.

Nevertheless the above, if you repeat the process of appeal will be considered as valid those breakdowns already sent by agents that were valid at the time of their receipt and that remain valid with the new result of Cassation. Otherwise, agents should send the new breakdowns within a period to be determined, proceeding according to the above points.

32.2 the order of economic precedence of bids married on the outcome of the appeal.
The market operator shall establish the order of precedence referred to in article 10 of the Royal Decree 2019, bids married, married partially and not married, taking as a basis the stretches of energy offered and their prices, regardless of any complex condition bids. That order will have the following considerations: • to offer two sections have the same price, these will be sorted in descending order of date, hour, minute and second of inclusion in the information system of the market operator.

• In the case of that the mentioned date, hour, minute, and second also coincides in both offerings, are ordered from most to least energy in the stretch.

• In case of that the amount of energy also matches are sorted by alphabetical order, and in his case, decreasing order.

Rule including for 33 of the process of acceptance, verification of offers and the outcome of the appeal of the daily market as a result of the processes of acceptance, verification of offers and the outcome of the appeal of the daily market, the market operator will generate the following information, which will be made available as described: to) information from the process of acceptance and verification of offers.

-The result of acceptance or not and check both the inclusion of supply and validation prior to the appeal, will be made available to the agent of the market with the reasons for their exclusion in the terms established by these rules when it requests it. This information will be available at the time in which it is generated.

-Offers valid units of acquisition or sale that had been submitted to the session.

It will be available to the operators of the system with the corresponding confidentiality and the agents of the market respecting the confidentiality established in these rules, after the completion of the appeal of each daily market, the set of valid offers of sale and purchase submitted to each of the sessions of the daily market.

(b) information on the outcome of the appeal of the daily market.

-Prices result from the appeal.

It will be generated as a result of the appeal process and they will be public and they will be also put at the disposal of the agents of the market and the operators of the system, being published after its generation.

The daily market operator shall make available the market operator to run within two hours from the closure of the daily market prices and procurement volumes traded in every hour in the newspaper market for the next day.

-Result Provisional agenda of Cassation.

It will be generated as a result of the process of the daily market appeal and it will be placed at the disposal of the agents of the market with the confidentiality established in these rules, and the operators of the system with the corresponding confidentiality immediately after its generation.

-The economic precedence order.

It will be generated as a result of the process of the daily market appeal and it will be made available to the operators of the system with the corresponding confidentiality, immediately after its generation.

-Aggregate supply and demand curves.

For each set of supply zones which have the same price will be generated as a result of the process of appeal of each of the periods of programming of the daily market added curves of sale and purchase, and they will be public, being also put at the disposal of the agents of the market with the confidentiality established in these rules and published after its generation.

-Occupation of each of the international interconnections per hour with an indication of the maximum commercial import and export for each interconnection, occupied in every sense and interconnection capacity, the capacity occupied by the Declaration of rights of use of capacity and free in every sense and interconnection capacity. It will be generated as a result of the process of appeal of each of the periods of programming of the daily market and they will be public.

-Result of physical delivery process. Daily market operator shall make available the market operator to run the result of physical delivery process, there are three possibilities: to) that bids have been married.

(b) that the offers have partially been married.

(c) that the offers have been rejected before the Cassation of the daily market do not conform to the rules of the market daily or have not received agent the corresponding breakdown.

Rule 34th exceptional situations for the purposes of the provisions of these rules are exceptional situations that determine an impossibility to carry out the process of presentation and acceptance of offers or the appeal process.

The situations referred to in the preceding paragraph may be the result of one or several of the following: to) failure of selling electricity supply to meet the demand that uses the instrumental system price.

In this case the market operator shall establish the order of precedence of the offers of sale available referring to the operators of the system with the corresponding confidentiality that order with deficit for periods of programming where such supply failure occurs.

(b) failure to carry out, before the established deadline, the process Cassation with the algorithm Euphemia for all markets.

Case reached the time limit set for the disconnection of all markets will perform the Cassation of the Iberian market in a decoupled way considering the capacity on the market with the French system null and void.

(c) force majeure.

c.1 if this was predictable but inevitable, the market operator will be anticipated cassations expanding, therefore the everyday horizon of programming to include in the same periods of programming in which the exceptional situation of force majeure persists. If force majeure is unpredictable, the market operator may determine the appeal using the historic algorithm called SIOM with the necessary adaptations in the offers of sale and purchase filed by agents for the use of this algorithm. If necessary, you can make the appeal on the basis of historical data.

c.2 if it is due to serious breakdowns in computers or communications of the market operator that prevent the correct operation of the same. The market operator may arbitrate measures of equal content to the point c.1 above.

(d) impossibility of determination of the appeal as a result of the technical and economic conditions of the complex offers. The market operator may arbitrate measures of equal content to the point c.1) earlier.

If the impossibility of determination of Cassation exists, the market operator shall determine the appeal using the historic algorithm called SIOM with the necessary adaptations in the offers of sale and purchase filed by agents for the use of this algorithm. If necessary, you can make the appeal on the basis of historical data.

Rule 35.ª liquidation of the daily market, the market operator will determine the settlement of energy for each agent that participates in the daily market of electric energy production and in each programming period, for each unit of acquisition, sales unit and, where appropriate, physical drive. In addition, the market operator will determine the liquidation of the flow of energy in interconnection between France and Spain and the incomes of congestion that are generated in the various interconnections of the Spanish electrical system.

When settlement is effected before the end of the period of breakdowns, breakdowns will be considered by default for those units of sale required to your shipment and that had not done so, as set out in rule 'Communication of breakdowns of the units of sale', without prejudice to that, once the time limit for receipt of breakdowns will make a new settlement with the definitive breakdowns.

35.1. determination of the remuneration corresponding to the vendors as a result of the liquidation of the daily market.

Vendors operating in the daily market will receive per unit of sale or, where applicable, unit for each programming period and physical retribution which will incorporate the marginal price in the daily market of each programming period in the area of supply in which the unit is located.

The market operator will carry out the daily settlement of electricity for every vendor participating in the daily market for each unit of sale that has been incorporated into the resulting programme of Cassation in each programming period.

To perform the above-mentioned liquidations, the market operator will practise the corresponding annotations into account which will lead to such effects per unit of sale or, where appropriate, physical drive.

35.2. prices to be considered in the determination of the acquisition price of electric energy on the daily market.

Buyers operating in the daily market will be satisfied, by the acquired power embodied in the resulting program of Cassation and for each programming period, the marginal price in the daily market of each programming period in the area of supply, where the unit of purchase is.

35.3 collection on the daily market rights.
Seller whose offers have been married in the session of hiring of the market daily and incorporated the resulting programme of Cassation, shall have a right to charge that is calculated as the product of energy whose production is assigned in each programming period to the production unit of which he is owner, either not owned but which represents on its own behalf and self-employed by the marginal price set for it and for the area of supply in which is located the unit. These effects are considered the unit of sale which is practiced the liquidation of energy imported by Spain from France, as a result of the appeal, is located in the area of Spanish offer. The owner of that unit's offer will be the operator of the French market or entity enabled this to practise such liquidation.

The right to payment of the seller will be: DCPBC (up, h, z) = EPBC (up, h, z) * PMH(h,z) being: DCPBC (up, h, z): right to collect from the seller by the energy corresponding to the unit of production up, located in the area of supply z, in time h.

EPBC (up, h, z): power assigned to the unit's sale or physical drive, up, located in the area of supply z, in the hour h, on the daily market (PBC).

PMH (h, z): price marginal hours corresponding to the hour h on the daily market (PBC) in the area of supply z. In case of making a new appeal in accordance with rule «Recasacion of the market daily Iberian» the price to consider will be the corresponding to the recasacion, except for exchanges of energy between Spain and France that cleared the price in the area of Spanish offer corresponding to the final outcome of the appeal confirmed by the market operators.

35.4 obligations on the daily market.

The buyer whose bids have been married in the hiring of the daily market session and incorporated into the resulting programme of Cassation shall have an obligation of payment which shall be calculated as the product of the electric power whose acquisition is assigned in each programming period the unit's acquisition of which he is owner, either not owned but which represents on its own behalf and self-employed by the marginal price set for the same for the area of supply in which is located the unit. These effects are considered the unit of purchase which is practiced the liquidation of energy exported by Spain to France, as a result of the appeal, is located in the area of Spanish offer. The owner of that unit's offer will be the operator of the French market or entity enabled this to practise such liquidation.

The obligation of the purchaser to each tender offer in the hour h will be: OPPBC (ua, h, z) = EPBC (ua, h, z) * PMH(h,z) being: OPPBC (ua, h, z): obligation of payment of the purchaser for the energy corresponding to the ua acquisition unit, located in the area of supply z, in time h.

EPBC (ua, h, z): power assigned to the AU offer, located in the area of supply z, in the hour h on the daily market (PBC).

PMH (h, z): price marginal hours corresponding to the hour h on the daily market (PBC) in the area of supply z. In case of making a new appeal in accordance with rule «Recasacion of the Iberian market» the price to consider will be the corresponding to this appeal, except for exchanges of energy between Spain and France that cleared the price in the area of Spanish offer corresponding to the final outcome of the appeal confirmed by the market operators.

35.5. income on the daily market through the process of separation of markets.

The liquidation of the daily market, after the application of the process of separation of markets in each interconnection, will result in revenues denominated «congestion income», which will be calculated as the product of the exchange capacity actually used within the framework of the process of separation of markets in each programming period by the difference of the marginal prices fixed for the same in each of the offer areas on both sides of the interconnection.

35.5.1. income of congestion on the daily market on the interconnection between Spain and Portugal.

The income from congestion arising at the interface between Spain and Portugal shall be apportioned equally between the Spanish and Portuguese electrical system operator.

Therefore is score to each system operator a right to charge into account in the hour h as: DCPBCPTES_CI (h) = 0.5 * abs (EPBCPTES (h)) * abs (PMH(h,z1)-PMH(h,z2)) being: DCPBCPTES_CI (h): entry in the hour h, on the daily market, annotated Spanish and Portuguese systems by the application of the process of separation of markets between the two areas of offer Spanish and Portuguese.

EPBCPTES (h): Exchange capacity actually used within the framework of the process of separation of markets in the hour h between the area offer Spanish and Portuguese.

Z1, z2: sub-indices referring to offer Spanish and Portuguese zones respectively.

35.5.2. income of congestion on the daily market on the interconnection between Spain and France.

The income from congestion arising at the interface between Spain and France shall be apportioned equally between the Spanish and French electric system operator.

Is to score an obligation into account French electric system, in time as h: OPPBCFRES_CI (h) = 0.5 * abs (EPBCFRES (h)) * abs (PMH(h,z1)-PMH(h,z3)) score a right to charge on account of the Spanish electricity system operator in the hour h as: DCPBCFRES_CI (h) = 0.5 * abs (EPBCFRES (h)) * abs (PMH(h,z1)-PMH (h ((, z3)) also if carried out a new appeal in accordance with rule «Recasacion of the market daily Iberian» is practice following annotations into account the Spanish electricity system operator in the hour h - PMH if '(h,z1) > PMH (h, z1) > PMH (h, z3) or PMH'(h,z1)

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