Auction By Id

Returns an EPAD auction for the given id.

An EPAD (Electricity Price Area Differential) is a futures contract that provides a hedge between the price in the respective bidding zone and the Nordic system price. In the Norwegian EPAD auctions, Statnett offers to buy and sell EPAD contracts across adjacent bidding zone borders based on price-independent volumes. Specifically, Statnett will buy a volume on one side of a border and sell a corresponding volume on the other side of the border. The contract types include monthly, quarterly and annual contracts with respect to the NO1-NO2, NO1-NO5, NO3-NO4 borders. Auctions are held every Tuesday in even weeks. The first auction was conducted on December 10, 2024.

Response field descriptions

• id: identifier of the auction
• clearingHouse: Nasdaq or Euronext - clearing house, by which all transactions are cleared
• status: status of the auction. The status changes from Pending -> Open -> Closed -> Calculating -> Completed/Cancelled.
  • Pending - auction is not yet opened for order submission
  • Open - auction is opened for order submission
  • Closed - auction is closed for order submission
  • Calculating - auction is closed and calculating results
  • Completed - auction results are finalized and published
  • Cancelled - auction is cancelled, and its results is cleared
• auctionDate: the calendar day when the auction is run. Auctions take place bi-weekly on Tuesdays every even week at 10:00 CET.
• gateOpen: date and time when the auction is opened for order submission. Gate open is 09:00 CET on the day before auction day.
• gateClosure: date and time when the auction is closed for order submission. Gate closure is 09:00 CET on the auction day.
• borders: a list of bidding zone combinations included in the auction (NO1-NO2, NO1-NO5 and NO3-NO4). Each border contains:
  • borderId: identifier of the border
  • name: name of the border
  • areaA: one bidding zone of the border; areaB: the other bidding zone of the border
    • id: identifier of the bidding zone
    • areaCode: bidding zone code
    • name: bidding zone code + country
    • locationCode: three letter code for the location
    • locationName: name of the location
• periods: a list of contract periods (month, quarter, year) being auctioned in the auction. Each period contains:
  • id: identifier of the period
  • offeredVolume: allocated volume in MW for each border combination. It means the maximum capacity volume made available at the relevant bidding area border by Statnett.
  • productPeriod: period details that include:
    • id: identifier of the product period
    • code: product period code containing time period - M (month), Q(quarter), or YR (year). For example, MFEB-25 is month February 2025, Q3-25 is quarter 3 2025, YR-26 is year 2026.
    • displayName: full name of the product period
    • exerciseFromDate: start of the delivery period
    • exerciseToDate: end of the delivery period
  • contracts: a list of contracts offered for the period
    • id: identifier of the contract
    • code: clearing house series designation for the EPAD contract
    • area: area included to the contract
      • id: identifier of the bidding zone
      • areaCode: bidding zone code
      • name: bidding zone code + country
      • locationCode: three letter code for the location
      • shortLocationCode: two letter code for the location
      • locationName: name of the location