Category: Intraday development

30-Minute Intraday Product Design Request for Feedback – Joint Consultation

< Back to index 14th June 2024

Nemo Link, together with ElecLink, BritNed, IFA, IFA2 and Viking Link today launch a joint consultation on a 30-minute MTU Intraday product.

The Interconnectors are considering changing to a 30-minute intraday product and seeking input from market participants to understand whether there is demand for such a product; if there are any preferences for how a future product should be configured; and whether there are any technical and/or procedural blockers that would dissuade or prevent market participants from moving to a 30-minute product.

A move to 30-minute Intraday MTU is expected to have benefits for market functioning that are more aligned with the 15-minute MTU, which is currently planned to go-live in the Single Day Ahead Coupling (SDAC) in Q1 2025 and which is already in place for XBID (Cross Border Intraday) and the IDAs (Intraday Auctions).

A short document with 4 possible design options and feedback questions can be found here.

Request for feedback response and deadline:

Market participants and stakeholders are invited to submit any comments or questions on the proposals by email by COB Friday 5^th July 2024 to the following email addresses:

customer.service@nemolink.co.uk;
regulation@eleclink.co.uk;
customer.enquiries@britned.com;
ifa.customerenquiries@nationalgrid.com;
viking.customerenquiries@nationalgrid.com

Please include all above email addresses when responding to this Market Consultation.

If there are any comments you only wish to raise to any specific interconnector(s), please send your separate feedback to the email address(es) of the relevant Interconnector(s).

Please get in touch with the Customer Team if you have any questions or wish to have a meeting for further discussion on the above topic.

Request for Feedback: 30 Minute Intraday Product Design Options

< Back to index 28th June 2021

In line with the EU target model including an ambition to enable intraday cross-zonal capacity products of a duration less than the current one hour, Nemo Link are considering amending its intraday product from an hourly to an half-hourly product.

We have written a very short document with 3 possible design options and would be very grateful for your feedback.

If you have an interest in intraday trading on Nemo Link, please respond to this request for feedback via the Nemo Link’s mailbox (customer.service@nemolink.co.uk) by 30th July.

If you would like to discuss the proposal in detail or have any questions prior to submitting your feedback, please do not hesitate to get in touch.

Nemo Link announces its new Intraday Nomination timings

< Back to index 1st May 2020

At Nemo Link, we highly value feedback from customers and always seek for improvements on our products and services.

Following recent conversations with our customers, we are now increasing intraday nomination gate opening times from 45 minutes to 50 minutes. This would mean that capacity holders intending to nominate intraday transmission rights could do so up to 70 minutes ahead of delivery instead of the current 75 minute lead time. Therefore, Nemo Link customers will now be able to further optimise their positions to respond to rapidly changing market conditions.

Nemo Link intends to implement the change from the first nomination gate for delivery day 5^th May, meaning Nomination Gate 1 will close at 22:50 CEST on 4^th May 2020. An updated summary of the Nemo Link intraday auction and nomination times can be found here.

So within 6 months of successful intraday operations, Nemo Link is proud to make changes quickly to adapt to customer feedback and needs.

We would like to thank our customers for their valued feedback and we welcome suggestions from all market participants to continue to improve Nemo Link’s products and services.

Intraday trading goes live between Great-Britain and Belgium

< Back to index 15th November 2019

New within day Nemo Link products make it easier for market participants to manage intermittent renewables.

Since operational go-live in February 2019 it has been possible to trade electricity via the Nemo Link interconnector between Great Britain and Belgium on a Long Term and Day-ahead basis. From 14 November 2019 it is now also possible to trade electricity between both countries within day.

Intraday market trading is a very important option for electricity market participants. With rapidly growing intermittent renewable production, it is becoming an increasing challenge for market participants to remain in balance after the closing of the day-ahead market.

The capability to be balanced closer to real time operations is beneficial for market participants as it allows them to take unexpected changes in consumption and production into account.

The new explicit intraday capacity product on Nemo Link, with its hourly nomination gates, brings additional options and provides a level of flexibility welcomed by market players who trade both renewable and conventional energy.

Market participants can now participate in the four daily intraday capacity auctions that are organized by the Joint Allocation Office (JAO) and acquire capacity rights on the Nemo Link interconnector for periods up to 6 hours.

More information on Nemo Link’s trading framework and its new Intraday product can be found here.

The Nemo Link interconnector is a joint venture between National Grid Interconnector Holdings Limited, a subsidiary company of the UK’s National Grid Plc, and the Belgian Elia Group.

Nemo Link’s first intraday auctions start tomorrow

< Back to index 13th November 2019

The first intraday auctions on Nemo Link start tomorrow. Market Participants will have the option to use hourly nomination gates to optimise their positions – a first for a Channel interconnector.

Following helpful questions from our recent intraday workshop, further details on auction and nomination gates, treatment of losses, rounding, and outage communications can be found here.

The first intraday auction will be held tomorrow on the JAO’s eCAT platform between 09:30 and 09:55 CET. Below is a snap shot of all intraday auctions taking place tomorrow:

Date	Auction Time (CET)	Delivery period (CET)
14^th November 2019	09:30 – 09:55	12:00 – 18:00 14^th November 2019
14^th November 2019	15:30 – 15:55	18:00 – 24:00 14^th November 2019
14^th November 2019	21:45 – 22:10	00:00 – 06:00 15^th November 2019

From 15^th November 2019, auctions will be held according to our Intraday Auction Schedule.

Nemo Link announce Intraday Capacity Auction Go Live Date

< Back to index 23rd October 2019

Nemo Link and Elia are pleased to announce the expected GO-LIVE of its new intraday capacity product on 14^th November 2019. Nemo Link will be the first Channel interconnector to offer hourly nomination gates which will enable market participants to optimise physical positions close to real time.

Following a six-month project working closely with market participants, National Grid ESO, JAO and regulators, the new intraday capacity product will bring additional options and flexibility to Belgian and GB electricity markets. Market participants will be able to buy intraday capacity through explicit auctions on the JAO eCAT platform four times a day and nominate those capacity rights on the Regional Nomination Platform (RNP).

The first Intraday explicit auction for the GB-Belgium border is scheduled to open at 9:30 CET and close at 9:55 CET 14.11.2019 for the delivery period 12:00 to 18:00 CET.

Further information about the Intraday Auction and Nomination Timings can be found here on the Nemo Link website.

If you have any questions, please contact the Customer Team.

Nemo Link Intraday Systems Testing on RNP

< Back to index 9th September 2019

We wish to inform Nemo Link customers that we are making good progress in the development of our new intraday product and remain on course to make this product available by the end of the year. In preparation, customers will be able to participate in testing the RNP system for the Nemo Link Intraday Nomination process.

When will it start

Nemo Link’s Intraday RNP Customer testing period will run from Monday 14^th October until Friday 25^th October 2019.

What will be covered

This is an opportunity to test your systems with RNP via Web-services for Intraday and to get familiar with the RNP web-interface manually via the training environment.

To make this experience as similar to real time operations as possible, Nemo Link will set up business scenarios within the RNP system which will run on specific dates and times that will mirror real life operations. These scenarios will simulate the full intraday nomination process for business days during the testing period.

This testing is only on the Nemo Link Intraday Nomination Process as RNP testing for Long term and Day Ahead processes have previously been carried out.

How to participate in the testing

Should you wish to participate, it would be helpful if you could confirm to us here by COB Thursday 12^th September 2019 with the following information:

Company:
EIC number:
Main contact for RNP Testing:
Main contact’s email address:
Web-services testing:	Yes/No

Prior to the testing period starting on Monday 14^th October, the RNP Helpdesk will send out detailed testing scenarios and final plans to customers who wish to participate in this trial/testing.

If you have any questions or wish to discuss the above, please email the Customer Team.

Nemo Link Launches Intraday Product Consultation

< Back to index 2nd July 2019

Nemo Link Ltd (NLL) and Elia are consulting on an amendment to the Access Rules for the Nemo Link Interconnector. This Access Rules amendment supports the introduction of an intraday capacity product for the scenarios where GB remains in the EU Internal Energy Market (IEM) and should, following Brexit, GB no longer be part of the IEM. This consultation will be open until 5^th August 2019.

In summary, Nemo Link’s intraday capacity product will be.

(a) Auctioned explicitly until such time as Nemo Link joins the XBID project;

(b) Consist of 4 auctions for each forthcoming 6 hour fraction of the day;

(d) Capacity will be nominated on the Regional Nomination Platform (RNP)

The consultation consists of 5 documents: