Day Ahead Auctions
BritNed runs a Day Ahead auction every day between 08:50 and 09:10 CE(S)T for delivery on the next day. Customers that acquire capacity in this auction have until 13:50 CE(S)T on the same day of the auction to tell BritNed that they intend to use this capacity (i.e. nominate). Each Day Ahead auction covers 24 hours and each hour will have its own results. The graph below shows the results of the Day Ahead auction across the 24 hours delivery period.
For the charts below:
- Offered Capacity (MW): The amount of capacity BritNed and Customers (via Long Term Use It or Sell It) have put into the auction for sale.
- Requested Capacity (MW): The total amount of capacity Customers requested to purchase in the Day Ahead auction.
- Allocated Capacity (MW): The amount of capacity that was allocated in the Day Ahead auction, it will often match the Offered Capacity amount unless the Requested Capacity is lower than the Offered Capacity.
- Nominated Capacity (MW): Shows the amount of Allocated Capacity that was nominated for use by our Customers.
- Marginal Price (€/MWh): This is the price of the capacity for the hour. Price can clear at €0 but will never be negative.
- Data Not Available: This will show if the data hasn’t been published on Empire.