BritNed Development Limited is a joint venture between transmission system operators TenneT and National Grid and operates the subsea electricity link between Great Britain and The Netherlands, commissioned in 2011. *RECTIFICATION UNPLANNED OUTAGE NOTIFICATION*. Modern Slavery Act Transparency Statement. In it, 300 MW were offered for April 2011.
At the implicit auction market participants can buy capacity as well as electricity in one single transaction. It allows BritNed participants to react to market changes closer to real time. This is being investigated by their technical team. The medium term explicit capacity is auctioned in advance via the Kingdom platform. We are aware that there is an ongoing issue with the ENTSO-E Transparency Platform that may be preventing this information showing properly. Daily implicit capacity is offered into Market Coupling via EPEX.
BritNed's capacity is awarded across different timescales, i.e. BritNed offers quarterly products which offer capacity for 3 months. BritNed is a commercial link with 100% third-party-access for all market participants via implicit and explicit auctions. Additionally, intraday products can provide participants with a way to net off their day-ahead positions. Long-term and Intraday capacity is nominated via the Regional Nomination Platform. BritNed offers 1000MW of capacity across a range of explicit and implicit products that enable customers to trade electricity between Great Britain and the Netherlands. The implicit auctions are facilitated by the APX energy exchange, now merged with EPEX SPOT. The BritNed Interconnector is a significant link in the development of a European transmission grid to meet industrial and consumer demand. The BritNed interconnector would serve as a link for the foreseeable European super grid project. Auctions are held for capacity rights in both directions.
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