OREANDA-NEWS. As a result of interest from participants BritNed will be holding its first seasonal explicit product auction on 22nd May 2013.

BritNed will be offering 75 MW in both directions (i.e. GB-NL and NL-GB) for the period 1st October 2013 to 31st March 2014.

The auction will open for bidding at 13.00 hrs CEST on 21st May 2013 and will close at 13.00 hrs CEST on 22nd May 2013.

BritNed is an equal joint venture between energy companies National Grid and TenneT and operates the 260km, 1,000MW high voltage direct current (HVDC) link between Great Britain and the Netherlands. Since its Go-Live in April 2011, BritNed has been offering participants a portfolio of explicit and implicit products.

National Grid (LSE: NG; NYSE:NGG) is an electricity and gas company that connects consumers to energy sources through its networks. The company is at the heart of one of the greatest challenges facing our society - to create new, sustainable energy solutions for the future and developing an energy system that underpins economic prosperity in the 21st century. National Grid holds a vital position at the centre of the energy system and we ‘join everything up’.

In Britain, we run the gas and electricity systems that our society is built on, delivering gas and electricity across the country. In the North Eastern US, we connect more than seven million gas and electric customers to vital energy sources, essential for our modern lifestyles.