Product Specifications

Please find below a table setting out the main product specifications. The information in this table is indicative.

Market SegmentDay Ahead Market Segment (“DAM”)Continuous Intraday Market Segment (“CIM”)Strategic Reserve Market Segment (“SRM”)
Underlying ("Instruments")Electricity of constant output to be delivered in control area of the Belgian system operator Elia.
Instrument Series1H blocks1H blocks1H blocks
Listed for Order submission14 trading days before delivery until 12:00 trading day before deliveryFrom 14:00 trading day before delivery until 5 min before deliveryDay before delivery for Strategic Reserve Participant; Direct Participants will have neither the possibility to submit Orders on the Belpex SRM via a different mechanism than the automatic replication, nor the possibility to cancel or modify such replicated Orders.
Trading daysEvery calendar dayEvery calendar dayEvery calendar day during winter period
Quotation€/MWh€/MWh€/MWh
Price tick value0.01 €/MWh (1 euro cent per MWh)0.01 €/MWh (1 euro cent per MWh)0.01 €/MWh (1 euro cent per MWh)
Contract volumeThe minimum contract volume is 0.1 MWhThe minimum contract volume is 0.1 MWhThe minimum contract volume is 0.1 MWh
Order TypeLimit orders and block orders* (regular, linked and exclusive execution types)Limit orders and block ordersLimit Orders
Instruments eligible for trading on a trading dayAll instruments with delivery day following the trading dayAll listed InstrumentsAll instruments with delivery day following the trading day for which price taking demand for the corresponding instrument on the Belpex DAM was curtailed
Trading PlatformThe EPEX SPOT Trading Platform is based on the electronic EuroLight systemThe EPEX SPOT Trading Platform is based on the electronic Elbas system. Contract information will also be available in EuroLight.The EPEX SPOT Trading Platform is based on the electronic EuroLight system
Fixing ProcessAuctionContinuous tradingStrategic Reserve Allocation
Trading hoursOrder book closing at 12:0024/7Order book closing at publication of DAM results
Publication Time contractsUnder normal circumstances not later than 13:05ImmediatelyUnder normal circumstances not later than 14:50
DeliveryThrough Day Ahead Hub of Elia Nomination SystemThrough Intraday Hub of Elia Nomination SystemThrough Day Ahead Hub of Elia Nomination System
Minimum Order Price-500 €/MWh-9999.99 €/MWh3000 €/MWh
Maximum Order Price3000 €/MWh9999.99 €/MWh3000 €/MWh
EIC Code Belpex ARP
22XBELPEX------N
Elia Nomination Gate Closure TimeDay-ahead hub: 14:00 day-aheadIntraday hub: 14:00 day afterDay-Ahead hub : 15:30 day-ahead

*whereby the following restrictions shall apply:

  • Maximum Block Order Volume: 400 MWh/instrument
  • Maximum Number of Block Orders that may be submitted for one auction: 75 blocks/participant
  • Linked block orders are limited to maximum 5 Linked Families per Participant, 3 levels of depth in Linked Families and 7 block orders per Linked Family
  • Exclusive block orders are limited to maximum 5 Exclusive Groups per Participant and maximum 24 Block Orders per Exclusive Group

For a detailed description of the product specifications, please go to the Market Segment Procedure. For an overview of some use cases of the Smart Orders, please go to Smart Orders Use Cases.