Interconnector Requirement and Auction Summary Data
Project Overview
National Grid ESO (NGESO) trades on interconnectors to adjust the flow of electricity into or out of Great Britain to help manage system issues such as Rate Of Change Of Frequency (ROCOF), thermal constraints or to manage energy requirements such as upwards and downwards margin. Trades take place on IFA, BritNed, and NEMO interconnectors. This has been extended to IFA2.
We invite qualified counterparties into NGESO Interconnector (IC) auctions which run ad hoc across the day. The counterparties, who hold respective interconnector capacity or be able to secure the capacity later on, can bid in the auction based on the requirement. Requirements are not firm and are subject to change depending on prevailing system conditions. When the auction has been concluded, the information for a given requirement (lot) will be updated to include the volumes secured on each interconnector, the best price, the volume-weighted average price (VWA), and the clearing price. The requirement may not be completely filled.
To participate in this market, a counterparty is required to have a Grid Trade Master Agreement (GTMA) in place with NGESO and to have access to capacity on channel interconnectors, along with being registered with the BSC party.
Extras Table
| Key | Value |
|---|---|
| Update Frequency | Ad hoc |
| harvest_object_id | cce911dc-5666-4c77-814f-fb39964599cc |
| harvest_source_id | 916f7f66-3a3b-43e9-afc0-85d31134d7b3 |
| harvest_source_title | National Grid ESO |
Access and Licensing
Access conditions
Any controls, requirements, or pre-requisites surrounding access to data
Licence conditions
ESO
Data Quality
Aggregation Method
Any controls, requirements, or pre-requisites surrounding access to data
Organisational Lineage
The licensing conditions controlling access to the data
Risks
Considerations, risks, and constraints around making assumptions based on specific datasets. e.g data health score
Confidence Level
The level of confidence associated with a specific dataset
Units
The units in which energy is described within a dataset
Related Dataset from National Grid ESO (view all)
The dataset contains national wind forecast over a day ahead timescale as well as all historic day ahead wind...
As part of Clean Energy Package (CEP) 6.9 we will be running daily auction for procurement of Short Term Operating...
This dataset contains national carbon intensity forecast for the GB electricity system. The carbon intensity of...
Other Datasets tagged bidding, bid, britned, nemo, trades, interconnector, sch7a, schedule 7a, ifa2, auction, gtma, requirement, subscribable, trading, ifa, ic (view all)
This dataset contains data for historic GTMA (Grid Trade Master Agreement) trades conducted since April 2015. The...
The Monthly Balancing Services Summary (MBSS) gives the costs and volumes of balancing services used by the...
In order to meet forecast Electricity System Operator (ESO) balancing requirements at minimum cost, ESO trades...
Datasets
Interconnector Requirements and Auction Summary to Feb 2021
This data set contains National Grid ESO interconnector trading requirement and auction summary. The data assist the industry to gain more visibility on the National Grid ESO interconnector trading actions.
Interconnector Requirements and Auction Summary Mar 2021
This data set contains National Grid ESO interconnector trading requirement and auction summary. The data assist the industry to gain more visibility on the National Grid ESO interconnector trading actions.
Interconnector Requirements and Auction Summary April 2021 onwards
This data set contains National Grid ESO interconnector trading requirement and auction summary. The data assist the industry to gain more visibility on the National Grid ESO interconnector trading actions.
Temporary update - Interconnector Requirements and Auction Summary
This data set contains the National Grid ESO interconnector trading requirement and auction summary. The data assist the industry to gain more visibility on the National Grid ESO interconnector trading actions. This is a manual update in case of IT issue.