INTRODUCING EMPIRE
Our award-winning auction and nomination platform
Empire is the award-winning, next-generation allocation and nomination platform we have developed to deliver the functionality, reliability, and flexibility that our customers deserve.
The platform enables our customers to participate in different types of long and short-term capacity auctions, manage nominations, view a summary of settlements and produce comprehensive reports from one single-window solution.
Drawing on over a decade of operational experience, Empire delivers unparalleled levels of performance and efficiency for interconnector trading, providing easier and unique trading possibilities.
Buy Now is an innovative and unique Dutch-style auction, supporting participants to acquire capacity before, during and after the regular Intraday auctions. Approximately 10% of BritNed’s Intraday capacity is redirected into the Buy Now auctions. Buy Now enables trading closer to the delivery period than previously possible – up to 2 minutes before the Nomination Gate closure.
Developed by BritNed, and enabled by Empire, Buy Now is the first interconnector auction of its kind. Once the Buy Now offer is published, the price will automatically begin to decrease from the starting price in equal price steps, every 15 seconds.
Released in April 2025, Buy Now 2.0 has replaced the 5MW capacity blocks previously used in Buy Now auctions. Buy Now 2.0 has introduced a custom capacity request, providing participants with greater ease and control in securing capacity, from very small amounts up to the full offered capacity.
Learn about the daily operation of BritNed in our unique and interactive experience.
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