Discover what Red Eléctrica is, what we do, and why we are the backbone of the electricity system in Spain and the ecological transition.
Measurements and Settlements
Measurements and Settlements
We are responsible for the measurement system (SIMEL) and the financial settlement of services provided by participants in the national electrical system.
Neutrality, objectivity, transparency
As system operator, we are responsible for measuring energy and managing the correct operation of the electricity measurement system (SIMEL), both at generation and distribution points, for subsequent consumption.
In addition, we are in charge of settling the ancillary services provided by market participants, for both production and consumption.
We carry out this process in accordance with current regulations, applying the principles of neutrality, objectivity, and transparency that define us.
How We Measure
Our measurement system consists of measuring equipment (electricity meters) installed at various points throughout the electrical system, known as system measurement boundary points. This system also includes the necessary information and communication systems to report the collected data, process it appropriately, and make it available to measurement concentrators belonging to electricity companies, system participants, the CNMC, as well as central and regional administrations, among others.
Our role in the measurement system
We are the manager of the measurement system and responsible for its correct functioning at all times. To do this, we perform the following tasks:
How We Settle
The process of settlement, invoicing, payments, collections and guarantees of both the organised market and the dispatch of non-mainland territories is carried out in accordance with the regulations in force and, in particular, the operating procedures.
Responsible for System Settlements
To carry out this task, we rely on the Settlement Information System (SIL) through which:
Need more information?
On our Customers section, you will find all the necessary information about the management of measurements and settlements, regardless of your role in the electricity system.
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