Subscriber Login

Europe News

European XBID solution to be launched in June 2018 [free access]

February 5, 2018

Nominated Electricity Market Operators (NEMOs) and other Transmission System Operators (TSOs) have postponed the go-live date for the European Cross-Border Intraday (XBID) solution and associated 10 Local Implementation Projects, to June 12, 2018.

 

The XBID solution is based on a common Information Technology (IT) system with one Shared Order Book (SOB), a Capacity Management Module (CMM) and a Shipping Module (SM). It allows for orders entered by market participants in one bidding zone to be continuously matched with similar orders submitted by market participants in any other bidding zone, as long as transmission capacity is available. The intraday solution supports both explicit allocation and implicit continuous trading, and is in line with the European Union (EU) target model for an integrated intraday market. The solution is aimed at increasing the overall efficiency of intraday trading by delivering continuous trading of electricity across countries, including Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, the Netherlands, Portugal, Spain and Sweden.

 

The NEMOs include European Power Exchange (EPEX SPOT), Italian Power Exchange (GME) and Nord Pool and OMI-Polo Español S.A. (OMIE), while the TSOs are 50Hertz (Germany), Amprion (Germany), Augstsprieguma tÄ«kls AS (AST) (Latvia), Austrian Power Grid (Austria), Creos Luxembourg (Luxembourg), Elering (Estonia), Elia (Belgium), Energinet (Denmark), Fingrid (Finland), Litgrid (Lithuania), National Grid Interconnectors (United Kingdom), Red Eléctrica de España (REE) (Spain), Rede Electrica Nacional S.A. (REN) (Portugal), Réseau de Transport d’Électricité (RTE) (France), Statnett (Norway), Svenska kraftnät (Sweden), TenneT TSO B.V. (Netherlands), TenneT TSO GmbH (Germany) and Transnet BW (Germany).

 

 

As reported, the June 2018 go-live date is still subject to completion of System and Local Implementation Projects’ testing, market parties’ testing, and clarifications needed from the National Regulatory Authorities (NRAs) for the Intraday Operational Agreement. The two market trial periods are scheduled for February 26, 2018 to March 2, 2018, and May 14, 2018 to May 18, 2018.