Elspot is a day-ahead auction where power is traded for delivery during the next day. The members place their orders, hour by hour, through Nord Pool Spot's web-based trading system, SESAM. Members can put their orders up to twelve days ahead while the gate closure for the orders with the delivery next day is 12:00 CET. When all members have submitted their orders, equilibrium between the aggregated supply and demand curves is established for all bidding areas. The system and area prices are calculated and published normally between 12:30 and 12:45 CET with a 3-minute warning. Settlement of all orders in Elspot is based on area prices.
- System price. Elspot calculates a system price based on the sale and purchase orders disregarding the available transmission capacity between the bidding areas in the Nordic market. The system price is the Nordic reference price for trading and clearing of most financial contracts.
- Area price. The Elspot market is divided into several bidding areas. The available transmission capacity may vary and congest the flow of electrical energy between the bidding areas, and thereby different area prices are established.
Trading is based on three different types of orders: single hourly orders, block orders and flexible hourly orders. The members can use any one or a combination of all three order types to meet their requirements.
Access the SESAM web
You can access the SESAM web at this address: https://elspot.nordpoolspot.com/SesamWeb