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Home Participants Portal Explicit Auctions

Explicit Auctions

Products

Auctions are held for capacity rights in both directions. BritNed's capacity is awarded across different timescales, i.e. annually, seasonally, quarterly, monthly, weekend, daily and intraday.

Long Term explicit capacity is auctioned in advance via the eCAT platform. Any unsold and unused explicit capacity will be made available for the Daily auctions also hosted on the eCAT platform.

Annual

BritNed offers calendar annual products, allowing participants to secure explicit capacity for a calendar year.

Quarterly

BritNed offers quarterly products which offer capacity for 3 months.

Monthly

Monthly products allows participants to secure capacity for a single month.

Weekend

Optional products such as weekend and bank holiday auctions allow participants to secure capacity for up to 72 hours during this time. Such a product is popular for traders who would like to take advantage of weekend price differentials between NL and GB.

Intraday

Intraday products offer participants a choice to secure capacity on the day of the auctions with 4 auctions and 24 nomination gate closures. It allows BritNed participants to react to market changes closer to real time. Additionally, intraday products can provide participants with a way to net off their day-ahead positions. These auctions are held the Kingdom platform.