Customer information – The GB Market Post-Brexit
Since 1 January 2021 the UK has no longer been part of the European Internal Energy Market (IEM), meaning the GB day-ahead market and order books are no longer coupled externally with the rest of Europe, nor internally within GB.
Gate closure - 09.50 GMT
Nord Pool's day-ahead auction now has a gate closure time of 09:50 GMT with results available no later than 10:00 GMT.
In the island of Ireland, the SEM-GB intraday auctions (IDA1 & IDA2) continue to operate with shared order books between power exchanges, offering implicit capacity between the island of Ireland and GB.
Explicit capacity auctions will be staggered throughout the morning, starting with the BritNed interconnector, followed by Nemo Link, IFA and IFA2.
GB Market Reform
Nord Pool is at the heart of on-going discussions with a variety of stakeholders around what changes now need to be made to GB power market design to ensure efficient, simple and secure trading for our customers.
You can read our views on this important topic here.