LONDON (ICIS)--Auctions for intra-day capacity on the Nemo Link interconnector will bring greater flexibility to British and Belgian power markets and opportunities for cross-border arbitrage, market participants told ICIS.
Nemo Link’s intra-day capacity would be auctioned explicitly through four auctions a day, each one offering capacity for a forthcoming six-hour fraction of the day.
Currently, capacity on the Nemo Link is offered implicitly on the day ahead market through Multi Regional Coupling, or market participants may acquire long term products through explicit auctions on the JAO Single Allocation Platform.
Nemo Link and Belgian transmission system operator (TSO) Elia opened a consultation requesting feedback on the launch of an intra-day product in July. Said consultation has now ended and the intra-day product should be introduced by the end of 2019.