The Nemo Link Limited is a 50-50 joint venture between National Grid (Great Britain) and Elia (Belgium). The Nemo Link Interconnector connects the GB and Belgium electricity systems via subsea cables, allowing customers to trade electricity between the two countries. Through Nemo Link, customers have the opportunity to buy capacity up to 1000MW in either direction GB-BE or BE-GB via explicit and/or implicit auctions, as detailed below:
1) With explicit auctions, market parties can buy long term physical transmission rights (capacity) from Nemo Link via the Single Allocation Platform (SAP) operated by JAO (Joint Allocation Office). Upon acquiring long-term capacity from SAP, customers can choose to either nominate their capacity via the Regional Nomination Platform (RNP) (physical customers) or not nominate their capacity and receive Use-It-or-Sell-It (UIoSI) compensation (non-physical customers) by not physically nominating and placing their capacity into the implicit auction.
2) At the implicit auctions, market participants can buy capacity as well as electricity in one single transaction through the market coupling mechanism at the day-ahead stage via a Nominated Electricity Market Operator (NEMO)
If you would like to know more about Nemo Link please visit the website: http://www.nemo-link.com/
If you would like to trade on Nemo Link please contact email@example.com