This site uses cookies to offer you a better browsing experience. Find out more on how we use cookies and how you can change your settings.

Nord Pool logo
Nord Pool logo
  • Market data
    • Nord Pool day-ahead
      • Prices
      • Volumes
      • Capacities
      • Flow
    • Nord Pool intraday
      • Market data
      • Volumes
      • Initial capacity
      • Transmission capacity
      • SEM-GB intraday auction UK
    • Nord Pool UK
      • Prices
      • Block prices
      • Volumes
      • Capacities
      • Flow
      • Exchange rates
      • Half hourly prices
      • Half hourly block prices
      • Half hourly volumes
    • Regulating power
      • Regulating power per area
      • Regulating prices
      • Regulating volumes
      • Volume of regulating bids
      • Special regulation volume
      • Automatic activated reserve
    • Power system data
      • Production
      • Consumption
      • Exchange
      • Hydro Reservoir
    • Maps
      • Day-ahead overview
    • Data downloads
      • Aggregated Market Data
      • System Price Curve Data
      • Recalculated Nordic System Price
      • Nord Pool Report on the Nordic System Price
  • Trading
    • Join our markets
      • Becoming a customer
      • Membership list
      • Market Managers
    • Operational messages
    • Day-ahead trading
      • Order types
      • Price calculation
      • Preliminary prices and exchange rates
      • Capacities
      • Ramping
      • Loss functionality
      • Curtailment, price thresholds and decoupling
    • Intraday trading
      • Order types
      • Capacities
    • Clearing
      • Settlement
      • Collateral
      • Margin model
    • API
      • ISV partners
    • Rules and regulations
    • Market surveillance
      • Market Surveillance Quarterly Newsletter
      • Expert reports
    • Customers have their say
  • Services
    • Power Data Services
      • Day-Ahead Market Data
      • Aggregated Bidding Curves
      • Intraday Market Data
      • Intraday Hub2Hub
      • Data Portal
      • Electricity retailers
      • Other products
      • FAQ
      • Inquire and Order
    • Compliance
      • REMIT UMM
      • REMIT transaction reporting service
      • REMIT Best Practice Report
    • Consulting
      • Recent projects
    • Nord Pool Academy
      • Nord Pool Certified Compliance Course
      • The Physical and Financial Power Markets
      • Nord Pool Day-ahead course
      • Nord Pool Intraday course
      • REMIT compliance course
  • Media
    • Media contacts
      • Media contacts
    • Newsroom
      • News
      • Newsletter
      • Market Surveillance Newsletter
      • TSO news
      • Subscribe
      • Feature
    • Photos
    • Annual report
Log in
Log in
Media contacts
  • Media contacts
Newsroom
  • News
  • Newsletter
  • Market Surveillance Newsletter
  • TSO news
  • Subscribe
  • Feature
Photos
Annual report
Back to newest feature
03 January 2018 14:37

Launch of intraday auctions

You may already have seen that we are launching a new intraday auctions concept in response both to proposals by ENTSO-E and feedback from a majority of Nord Pool customers. 

The new concept aims to simplify trading in the short term and of create better transparency, by delivering:

  • One price
  • A simpler, quicker way to submit orders

We are looking at possibly launching the new intraday auctions concept alongside the planned upgrade of the Nord Pool continuous intraday trading system, in late January 2018.

Your input

We have gathered widespread input from Nord Pool customers about the design and functionality of the new auctions and we will continue to seek feedback from customers as the concept progresses.

In particular we will be interested to hear what customers want to see around specification of the auctions, their geographical coverage and possible expansion.

For the time being at least, the Nord Pool intraday auction concept will cover the Nordic and Baltic areas and Germany, with two daily auctions:

  • 22:00 CET auction covers [00 – 24]
  • 10:00 CET auction covers [12 – 24]

A range of products

We intend to offer hourly products, encompassing curve orders, regular and profile block orders. Coupling between bidding zones will be as we see today in our day-ahead market, with the auction system and trading interface built on the present Nord Pool Day Ahead Web trading system and Euphemia algorithm.

The new auctions concept will allow orders to be uploaded as Excel spread sheets or directly through the user interface and price limits will be the same as in the day-ahead market; - 500 €/MWh and + 3000 €/MWh.

Trade capture can be undertaken manually from the user interface as Excel spread sheet download or automatically through the CASS (clearing and settlement) API, while trades may be reported to ACER using the Nord Pool REMIT transaction service.

As with all crucial data, prices and volumes will be reported on the relevant Nord Pool web page and through Nord Pool Power Data Services.

How it works

The new intraday auctions will be in addition to the continuous intraday market. Transmission capacities between bidding zones will be frozen in the continuous trading system 15 minutes before auction gate closure. But trading inside bidding zones will remain possible without the cross-border capacities, meaning that it will still be possible to trade inside, for example, Finland, but not between Finland and other countries.

The new intraday auctions system is designed to operate automatically, with transmission capacities based on those remaining from the day-ahead and intraday continuous markets.

Getting started

Customers already trading at Nord Pool can simply request trading access, otherwise you will need to apply for Nord Pool membership. Testing will shortly be available in the Nord Pool intraday auction testing environment.

And we will be happy to provide customers with training on the new auctions concept whether via webinar or one-to-one.

For further information contact your market manager.


Previous feature

Choose month

{{ group.year }}

  • ({{ period.count }})
    • {{feature.Title}}
Nord Pool logo

    Nord Pool AS

    Tel. +47 6710 9100

    P.O. Box 121

    1325 Lysaker, Norway

Market Data

  • Day-ahead
  • Intraday
  • Regulating power
  • Power system data
  • Maps

Trading

  • Join our markets
  • Operational messages
  • Day-ahead trading
  • Intraday trading
  • Clearing
  • API
  • Rules & regulations
  • Market surveillance
  • Customer information on Brexit
  • Customers have their say

Services

  • Premium Data Services
  • Compliance
  • Consulting
  • Nord Pool Academy
  • German mini-site
  • French mini-site

The Power Market

  • Day-ahead market
  • Intraday market
  • CACM regulation
  • Benchmark regulation - Nordic system price
  • Market members
  • Bidding areas

Social media

Quick links

  • UMM
  • Auction
  • Intraday Web
  • CASS
  • Intraday and GB Half Hourly auctions

Media

  • Press
  • Newsroom
  • Annual report
  • Download center

About us

  • Careers
  • Advisory board
  • History
  • Organisation
  • Meet our people
  • Corporate Compliance Policy
  • Control cookies

Contact us

  • Norway
  • Sweden
  • Finland
  • Estonia
  • UK
  • Germany

© Nord Pool 2020 | Imprint, Data Policy, Legal Notice, How We Treat Personal Data