The potential Brexit is leading to an exclusion of Great Britain (GB) from the European Single Day-Ahead Coupling (SDAC) with the effective date of 30/12/2020.
This would impact the clearing services provided by ECC as follows:
- Local and cross border products will not be cleared as part of the MRC auction for the British delivery area in the power spot market
- ECC will launch clearing services for a new day-ahead auction at EPEX SPOT which will feature 60-min contracts for GB (orderbook closure at 10:20 D-1) from 31/12/2020 ongoing
Existing members do not have to take action to be admitted to the new GB Day-Ahead auction and ECC will waive the clearing fees until 31/01/2021 for this auction. The first delivery day for the new GB day ahead auction is 01/01/2021. ECC’s clearing services remain unchanged for all other power spot and natural gas products offered in Great Britain.