BritNed customers will benefit from a reduced time for intraday nominations with the launch of BritNeds new intraday auction schedule which goes live on 17 February 2015.
The new intraday process will halve the existing lead time for nominations to encourage more cross-border trading closer to real time. This reduces the current four-hour lead time to just two hours.
BritNed Development Limited, which operates the 1,000 MW interconnector between Great Britain and the Netherlands, is implementing the changes following a consultation with customers and regulators. This means the nomination gates of the first, second, fourth, fifth and sixth auctioned periods closing two hours later than currently scheduled, while the third auctioned period will be extended by two hours, starting at 10am.
The new intraday schedule improves the nomination gate closures and complements the existing portfolio of explicit products.
For more information please contact BritNed’s Customer Service Team via email at customer.enquiries(at)britned.com or visit their website www.britned.com.
