This method for purchasing electricity offers all of the benefits of purchasing in the organised market, where energy resellers make their purchases to supply their clients, and it’s the cheapest long-term option since no risk premiums are charged.
OMIE, the wholesale electricity market operator on the Iberian Peninsula, is where producers and resellers negotiate hourly electricity prices using a marginalist system of supply and demand. Nexus Pool is therefore a product indexed to OMIE, with prices settled each day 24 hours ahead of time, which allows for some consumption planning.
We at Nexus Energía support transparency and competitiveness, which is why we offer a perfectly explained formula that details all of the charges we have to pass on to the end consumer by way of electrical system costs.
This method specifies a management cost for representing clients before the market operator (OMIE) and the system operator (REE).
We also offer three variants of the Nexus Pool product, depending on how deviations in consumption forecasts are handled. Currently, electricity can’t be stored in large amounts, which is why supply and demand have to be constantly balanced. For this to be possible, the consumption forecast has to be estimated, and REE penalises agents who erroneously estimate these forecasts.