New GB Half Hourly Day-Ahead Auction
The new auction is launched with half hourly orders and offer both regular and profile block functionality with matched contracts delivering the following day. The new auction will run daily at 14:30 UK Local Time including weekends and bank holidays. The first auction ran on the 15th August with the delivery day 16th August.
The Half Hourly Day Ahead Auction has functional familiarity as it is based on the existing day-ahead platform. There are no additional fixed fees to access this market and members’ existing collateral is used to net across intraday, day-ahead and the new the Half Hourly Auction.
Key features of the new GB Half Hourly Day-Ahead Auction
- Half Hour products
- Regular Block products
- Profile Block products
- Auction runs at 14:30 UK local time
- Auction results published by 14:50 UK local time
- Integrated with our Clearing and Settlement- and REMIT Systems
The Hourly Day-Ahead Auction is hosted on a light version of our current Day Ahead Web platform and will be accessed via our Single Sign On technology (SSO). This is the first trading system in Nord Pool markets to utilise full SSO with our new 2-Factor Authentication – our Day-Ahead and Intraday markets will follow in the near future.
We look forward to welcoming customers on board this exciting new market, developed in direct response to the desire from market needs expressed by our members in GB.
To access the GB Half Hourly trading platform, please visit https://auctions.nordpoolgroup.com/.
Do you want to sign up for the new market or would like more information? Please see contacts on the right hand side.