WHAT ARE THEY?
BritNed offers a range of Long Term products that allow our customers to purchase explicit capacity with delivery periods between 2 and 365 days. Our Long Term auctions are facilitated on BritNed’s own auction and nomination platform, Empire.
Annual
Our annual capacity product enables customers to secure explicit capacity for delivery everyday over a calendar year.
Quarterly
Our quarterly capacity product enables customers to secure explicit capacity for delivery everyday over 3 calendar months. The delivery period for each quarterly product is:
| Quarter | Delivery Starts | Delivery Ends |
|---|---|---|
| Q1 | 01 January | 31 March |
| Q2 | 01 April | 30 June |
| Q3 | 01 July | 30 September |
| Q4 | 01 October | 31 December |
Monthly
Our monthly capacity product enables customers to secure explicit capacity for delivery everyday over a calendar month.
Weekly
Our new Weekly capacity product opens at 10.00 CET and closes at 14:00 CET on the Wednesday prior to the delivery week. The delivery period runs from Monday to Sunday and has temporarily replaced BritNed’s Weekend Auction, as Saturday and Sunday are included in the Weekly Auction.
Weekend/Long Weekend (currently on hold)
Our weekend capacity products enable customers to secure explicit capacity for delivery everyday over a 2, 3 or 4 day period. For a standard weekend, this is a 2 day product. For long weekends, there are some occurrences throughout the year, due to public holidays, where a weekend will be 3 or 4 days.
When are they?
Our Long Term auctions are held at various times throughout the year. For an overview of when our auctions are taking place, see our Auction Schedules.
How do I nominate capacity?
Any Long Term capacity that is acquired in an auction can be nominated on Empire. Once a customer has purchased Long Term capacity, they have two options:
If a customer does not nominate their capacity, option 2 will automatically apply following our Use It or Sell It (UIoSI) principle).
For an summary of the nomination gates, see our nominations overview.
