Trade with us

Trading Framework

The Nemo Link Interconnector connects the GB and Belgium electricity systems via subsea cables, allowing customers to trade electricity between the two countries. The interconnector commenced commercial operations on 31st January 2019. Through Nemo Link, customers have the opportunity to buy up to 1000MW capacity in either direction via explicit and/or implicit auctions.

The diagram below shows capacity products are grouped into 3 overall timeframes:

Long Term: Explicit auctions are held for Annual, Quarterly and Monthly capacity.

Day Ahead: The ability to import and export power for the following day is available through the Market Coupling Mechanism (Implicit auction)

Intraday: Capacity is auctioned explicitly within the current day for the following 6 hours. More information on Intraday including auction and nomination timings can be found here.

‘Use It Or Sell It’ (UIOSI)
UIOSI is a process where Long Term transmission rights are not nominated and re-sold in the implicit auctions – customers holding these rights are entitled to receive an automatic return amounting to the difference between the day ahead market price (adjusted to losses).

Trading Systems

 

(1) All Nemo Link’s explicit auctions are held on eCAT system run by Joint Allocation Office (JAO), an organisation that manages cross-border auctions across Europe.

(2) If customers wish to nominate capacity then this process will be carried out via the Regional Nomination Platform (RNP) developed based on Damas system by Unicorn.

(3) For implicit auctions, power and capacity can be bought via a power exchange (Nord Pool Spot or EPEX Spot).

 

Onboarding Process

 

Customers wish to participate in Nemo Link’s auctions can be registered as a non-physical or a physical participant.

  • Non-physical customers are encouraged to send the registration form (step 1) and required to register with JAO (step 2).
  • Physical customers are required to register with JAO (step 2) and additionally sign the Nomination Participation Agreement with Nemo Link (step 3) and other registration process in each market, i.e. GB – with NGESO and BE – with Elia (step 4 to step 7).

Please refer to the Nemo Link Registration Documents for further detailed information on each step and the Nemo Link’s Contractual Framework for further information on a number of contracts and agreements related to the onboarding process.

 

 

Auction Schedule

Monthly
Month Product Directions Dates of Auction Time (CET/CEST)
December January 2020 be-gb / gb-be Mon 02 - Tue 03 12:00pm - 11:59am
January February 2020 be-gb / gb-be Mon 06 - Tue 07 11:30am - 11:29am
February March 2020 be-gb / gb-be Mon 03 - Tue 04 11:30am - 11:29am
March April 2020 be-gb / gb-be Mon 02 - Tue 03 11:30am - 11:29am
April May 2020 be-gb / gb-be Mon 06 - Tue 07 11:30am - 11:29am
May June 2020 be-gb / gb-be Mon 04 - Tue 05 11:30am - 11:29am
June July 2020 be-gb / gb-be Mon 01 - Tue 02 11:30am - 11:29am
July August 2020 be-gb / gb-be Mon 06 - Tue 07 11:30am - 11:29am
August September 2020 be-gb / gb-be Mon 03 - Tue 04 11:30am - 11:29am
August October 2020 be-gb / gb-be Mon 31 - Tue 01 11:30am - 11:29am
October November 2020 be-gb / gb-be Mon 05 - Tue 06 11:30am - 11:29am
November December 2020 be-gb / gb-be Mon 02 - Tue 03 11:30am - 11:29am
November January 2021 be-gb / gb-be Mon 30 - Tue 01 11:30am - 11:29am
Quarterly
Month Product Directions Dates of Auction Time (CET/CEST)
February Q2 2020 (I) be-gb / gb-be Mon 03 - Tue 04 12:10pm - 12:09pm
February Q2 2020 (II) be-gb / gb-be Mon 17 - Tue 18 00:00am - 12:09pm
April Q3 2020 (I) be-gb / gb-be Mon 06 - Tue 07 12:10pm - 12:09pm
July Q4 2020 (I) be-gb / gb-be Mon 06 - Tue 07 12:10pm - 12:09pm
July Q4 2020 (II) be-gb / gb-be Tue 21 - Wed 22 12:10pm - 12:09pm
November Q1 2021 (I) be-gb / gb-be Mon 09 - Tue 10 12:10pm - 12:09pm
Annual
Month Product Directions Dates of Auction Time (CET/CEST)
December Cal 2020 be-gb / gb-be Mon 02 - Tue 03 12:15pm - 12:15pm
November Cal 2021 be-gb / gb-be Mon 02 - Tue 03 12:00pm - 11:59am
Next Auction:
Following Auction:
Contact Us

Please get in touch if you would like to explore trading opportunities or discuss any matters related to Nemo Link.

Customer, Regulation & Policy Manager, Nick Pittarello +44 (0)1926 656 261
Correspondence address: Nemo Link Limited, Rue Joseph Stevens 7, 1000 BRUSSELS, Belgium

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