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. These auctions are facilitated by the Electronic Capacity Allocation Tool (eCAT) platform hosted by the Joint Allocation Office (JAO).
Our annual capacity product enables customers to secure explicit capacity for delivery everyday over a calendar year.
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|
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 will need to be nominated in the Regional Nomination Platform (RNP). The allocated capacity rights are automatically transferred from eCAT to RNP where they can be nominated. For an summary of the nomination gates, see our nominations overview.
Use It or Sell It (UIoSI)
Once a customer has purchased Long Term capacity, they have two options:
- Indicate to BritNed that they intend to use this capacity by nominating it in the Regional Nomination Platform (RNP) before the Long Term nomination gate closes; or
- Offer this capacity into the Day Ahead auction, instead of nominating it, where it will be included in the offered auction capacity. The customer will receive the Day Ahead auction clearing price for the relevant hour.