Elbas is a continuous intraday market for trading power across the Nordic region, Germany and Estonia. Functioning as a balancing market to the Elspot day-ahead market, Elbas offers opportunities for risk reduction as well as increased profit.
Elbas plays an important complementary role in creating an efficient power market. It offers an alternative to the balancing market for all or some of the imbalances a member may have after the day-ahead trades are final.
Trading around the clock
Trading takes place every day around the clock until one hour before delivery. Prices are set based on a first-come, first-served principle where lowest sell price and highest buy price comes first, regardless of when an order is placed. A web-based trading system is provided by Nord Pool Spot. Members only have to nominate their trades to their local transmission system operator (TSO). Administration and settlement of cross-border trades are handled by Nord Pool Spot. At 14:00 CET, following the closing of the Elspot auction, capacities available for Elbas trading all 24 hours of the following day are published.
Reduced risk and potential to improve profit
Intraday trading across borders reduces risk and provides potential for making profit by giving access to a wider selection of counterparts with different production mix, marginal costs and general market conditions.
Access Elbas trading system
You can access the Elbas trading system at this address: https://elbas.nordpoolspot.com/