The EPEX SPOT (formerly Belpex) Continuous Intraday Market (CIM) provides standardised products (hourly and multi-hourly instruments) for producers, distributors, industrial groups, traders and brokers to sell and purchase electricity on a continuous basis, and this up to 5 minutes before delivery via the Belgian transmission system operator Elia.
The characteristics of the EPEX SPOT CIM can be summarised as follows:
- Anonymous trading
- Contract creation through continuous trading
- Delivery on the Belgian hub via the Elia nomination system
- Standard 1 hour products and freely definable blocks
- Instruments available for trading as from 14:00 the trading day prior to delivery until 5 minutes before delivery
- Market segment open 365 days/year, 24 hours/day
- Clearing and settlement facilities provided by central Counterparty
The CIM is coupled with the Dutch intraday market operated by EPEX Netherlands. For more detailed information about the Cross Border Intraday (XBID) BE-NL solution, please go to the Cross Border Intraday Trading page.
Clearing & settlement
In order to guarantee anonymity and financial security, all the contracts concluded on the EPEX SPOT Market are cleared and settled by ECC.
ECC handles cash management arising from the contracts concluded by the participants on the EPEX SPOT Market and guarantees the execution of the financial obligations.
Electricity purchased and sold on the EPEX SPOT Market is exchanged on the Belgian hub via the Elia nomination system. This means that a participant of the EPEX SPOT Market needs to be an Access Responsible Party in Belgium or needs to have designated an Access Responsible Party in order to nominate the traded electricity. In order to ensure anonymity amongst participants, EPEX SPOT performs the necessary counter nominations for each participant with regard to the electricity traded by that participant on the market segments of the EPEX SPOT Market. Supply of the electricity is guaranteed through acceptance of the nominations by Elia.
Calendar with official Belgian Bank Holidays 2017
|1 Jan||New Year|
|16 - 17 Apr||Easter|
|5 May||Ascension Day|
|4 - 5 Jun||Whitsun|
|21 Jul||National Holiday|
|15 Aug||Assumption of Mary|
|1 Nov||All Saints|
On the above dates the Customer Service Desk is open from 9am to 3pm and no settlement is performed.
Any effect on traded products will be communicated separately to members.