Nord Pool Spot as well as the Latvian (AST) and Lithuanian (Litgrid) electricity transmission operators agreed on launch of intraday electricity trading platform (Elbas) on 10th of December, 2013.

Elbas is a cross-border intraday electricity market where adjustments to trades in the day-ahead market (Elspot) are made.

The existence of the two markets - Elbas and Elspot - are logical development of Latvian electricity market and will ensure not only a better liquidity rate for the Latvian electricity market, but also increase efficient use of cross-border capacity and make the electricity price for intraday market transparent.