BritNed debut well-received; step to single market

The 1-gigawatt BritNed interconnector, which began commercial operations on April 1, has attracted healthy initial trading interest and is being widely viewed as an important step towards the European Union's vision of a single electricity market across Europe, say market participants.

Of the 15 registered customers, all but two have participated in at least one explicit capacity auction, and all have traded in implicit auctions – where capacity and power are traded together on exchange –