Participant types
Membership to the Belpex Spot Market provides you with access to all Market Segments, unless specified otherwise during your application.
Belpex currently facilitates two different memberships on its short term market.
- Direct participation: This membership is the standard type of membership, allowing full access to the trading platform and the back office website, clearing arrangements and anonymous trading. Direct participants trade on their own behalf, but they have the choice to offer broker services to indirect participants.
- Indirect participation: The indirect membership allows a flexible, tailor-made access to the short term electricity market of Belpex for organizations without a trading floor or experience, via the services of a broker who trades for their account.
Application process
In order to trade on the Belpex Spot Market, an applicant must:
- Enter into a Participation Agreement CSS with the central counter party APX BV for the purpose of financial clearing and settlement of the contracts concluded on the Belpex market.
- Enter into an Access Responsible Party contract (ARP contract) with Elia System Operator or designate a third party as ARP for the purpose of nominating the contracts concluded on the Belpex market to Elia System Operator.
- Enter into an (Indirect) Participation Agreement with Belpex (and a Broker) for the purpose of trading electricity on the Belpex market via the Belpex trading platform. This (Indirect) Participation Agreement includes both the Market Rules, as well as its implementing Market Procedures.
- In case of an indirect participant, the indirect participant should enter into a bilateral agreement with its Broker for all practical arrangements regarding amongst others the submission of orders.
Practicalities
Access Responsible Party Contract (ARP contract)
To get the list of existing ARP's in Belgium or to get more information on the ARP contract, how to conclude one and a copy of it please visit the Elia website.
Participation Agreement CSS and (Indirect) Participation Agreement
In order to conclude a Participation Agreement CSS with APX and an (Indirect) Participation Agreement with Belpex an applicant must respectively submit an application file to APX and an application file to Belpex containing the documents needed to enable assessment of the applicant's legal and financial status.
The admission conditions for the conclusion of an APX Participation Agreement CSS are set out in its annex A, named the Accession Procedure CSS.
The admission conditions for the conclusion of a Belpex (Indirect) Participation Agreement are set out in its Admission and Access Procedure, which is one of the four Market Procedures implementing the Market Rules.
You can download the complete set of documents in respect of the APX Participation Agreement CSS and the (Indirect) Belpex Participation Agreement by clicking here.
Any questions you may have in relation to:
- The Belpex Spot Market in general or any of its Market Segment
- The Market Coupling Project
- How to trade on the different Market Segments of the Belpex Spot Market
- Both the APX Participation Agreement CSS or the Belpex Participation Agreement
can be addressed to:
Rob Loos
Account Manager
Belpex NV/SA
Tel.: +32 2 546 70 57
Fax. : +32 2 546 71 10
Email : rob.loos@belpex.be