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Implicit auctions

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.



Products

Any unsold and unused explicit capacity will be made available for implicit auctions operated by APX Group.


Intraday

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.