The Elbas market provides continuous power trading 24 hours a day, 7 days a week covering individual hours, up to one hour prior to delivery. The traded products are one-hour long power contracts.

The time span between the day's Elspot price-fixing and the actual delivery hour of the concluded contracts is quite long (36 hours at the most). As consumption and production situations change, a market player may find a need for trading during these 36 hours.

The Elbas Market enables continuous trading with contracts that lead to physical delivery for the hours that have been traded on the Elspot market and are more than one hour from delivery. The Elbas market is open around the clock every day of the year.

The participants are power producers, distributors, industries and brokers. Today the Elbas market is open in Finland, Sweden, Denmark and Germany.

Nord Pool Spot AS acts as counterpart in all contracts traded on the Elbas market and all trades are physically settled with respective TSOs.

Controlling the cross border transmission capacity

An essential point in the Elbas market is managing the trading capacity between the bidding areas. After a cross border trade the capacity between the bidding areas are automatically updated. If bottlenecks occur Automated Market Splitting divides areas dynamically.