In implicit auctions (also known as market coupling) electricity and capacity are traded together, enabling electricity to be moved from one power exchange to another power exchange. BritNed's day-ahead implicit auction is facilitated by APX Group.
Any unsold and unused explicit capacity will be made available for implicit auctions operated by APX Group.
Intraday products offer participants a choice to secure capacity on the day of the auctions with 2 auctions and 6 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.