Second go-live wave of XBID

13.06.2019

The successful go-live of XBID, the European cross-border Single Intraday Coupling (SIDC) solution, on 12/13 June 2018 was a significant step towards a single integrated continent-wide intraday market. Such an integrated market increases the overall efficiency of intraday trade through effective competition, increased liquidity and more efficient utilisation of generation resources across Europe. Today the first anniversary of XBID is celebrated and over 16 million trades have been executed since its launch.

The SIDC partners look back on a successful first year of operation with a stable and robust system performance as well as a high and growing number of trades across Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, the Netherlands, Portugal, Spain, and Sweden. The integration of seven additional countries into the SIDC region is expected in the fourth quarter of 2019. A pre-launch event for the second wave is planned for the beginning of October 2019 and a trial period will also be arranged with the market parties. The countries for this second go-live wave are Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, and Slovenia.

The TSOs already cooperating in XBID include the TSCNET shareholders 50Hertz, Amprion, APG, TenneT, and TransnetBW as well as the TSCNET client Creos from Luxembourg. Further shareholders are to follow with the second wave, namely ČEPS, ELES, HOPS, MAVIR, PSE, and Transelectrica.

XBID, the SIDC solution for a single integrated European intraday market, celebrates its first anniversary

Linkup
> See ENTSO-E press release (html)

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Substantial advancements in market integration

07.12.2018

Even two positive news for the integration of the European power market have turned up this week. The first comes from the Cross-Border Intraday (XBID) solution. The aim of XBID is to increase the overall efficiency of cross-border trading and intraday coupling. Both are essential for the future European internal energy market. The parties involved in XBID are pleased to confirm that XBID is operating continuously stable and effectively: Since the go-live in June 2018, more than 6.3m trades have been successfully processed.

So far, XBID delivers continuous trading across Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, the Netherlands, Portugal, Spain and Sweden. The preparations for the second XBID-go-live-wave in 2019 are in full swing and the countries to participate are Bulgaria, Croatia, Czechia, Hungary, Poland, Romania and Slovenia. Further changes to XBID concern the gate opening hours (GOTs) in accordance with a decision of the Agency for the Cooperation of Energy Regulators (ACER) of April 2018. Revised GOTs apply from 1 January 2019 initially in those capacity calculation regions (CCRs) where the capacity calculation methodology (CCM) has already been approved.

This week also saw the launch of the Single Allocation Platform for long-term capacity allocation at European borders. 28 transmission system operators (TSOs) from 22 European countries have thus taken another significant step towards an integrated power market. The new platform promotes the development of liquid and competitive forward markets all across Europe in a coordinated manner. It provides market participants with the opportunity to hedge against the risks of cross-border trading. The participating TSOs ensure non-discriminatory access for all market participants to long-term cross-zonal capacity at all relevant borders.

With XBID and the Single Allocation Platform, the European power market integration progresses substantially

Linkup
> See Amprion press release (html)
> See TenneT press release, (html)
> See TransnetBW press release (html)
> See TransnetBW news release on allocation platform (html)

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XBID is running stable

07.09.2018

The successful launch of the European Cross-Border Intraday (XBID) solution and ten XBID related Local Implementation Projects (LIPs) in June 2018 has marked a significant step towards the creation of a single integrated continent-wide intraday market. The aim of the XBID initiative is increasing the overall efficiency of cross-border trading and intraday coupling, which both are key components of the future European internal energy market.

The XBID solution has been running now for over two and a half months without any major incidents, delivering continuous trading of electricity across Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, The Netherlands, Portugal, Spain, and Sweden. Many other European countries are to follow in a second XBID-wave in 2019. Up to now, the number of trades in XBID has exceeded 2.5m. As a result of this satisfactory commissioning, the Steering Committee, in consultation with the Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) involved, decided to shut down the rollback systems.

Among the TSOs collaborating in XBID are the TSCNET shareholders 50Hertz, Amprion, APG, Energinet, TenneT, and TransnetBW, as well as TSCNET client Creos from Luxembourg. Together they have developed a common IT system including one shared order book, a capacity management module, and a shipping module. XBID makes it possible to bring together bids of market participants from different market areas within the region covered by the project, provided there is sufficient cross-border transmission capacity. It thus bundles the whole European intraday continuous market and complements the existing day ahead market.

The XBID solution for a single integrated European cross-border intraday market is running stable and availability of rollback systems has ceased

Linkup
> See Amprion press release, in German (html)
> See Energinet press release (html)
> See TenneT press release, in German (html)
> See TransnetBW press release, in German (html)
> See ENTSO-E press release (html)

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ENTSO-E report on market coupling and capacity allocation

15.08.2018

The European Commission Regulation establishing a guideline on Capacity Allocation and Congestion Management (CACM) obliges the European Network of Transmission System Operators for Electricity (ENTSO-E) to monitor the progress and potential problems with the implementation of the day-ahead and intraday coupling. The same applies to the respective Regulation guideline on Forward Capacity Allocation (FCA) which requires ENTSO-E to monitor the FCA implementation with regard to a fair and transparent access of market participants to long-term transmission rights.

In line with its monitoring plan, ENTSO-E, in cooperation with the member transmission system operators (TSOs) and several Nominated Electricity Market Operators (NEMOs), has now published the “First Joint Report on the Progress and Potential Problems with the Implementation of Intraday and Day-ahead Coupling as well as Forward Capacity Allocation”. The comprehensive report covers the period from August 2017 onwards and will be submitted to the Agency for the Cooperation of Energy Regulators (ACER).

ENTSO-E publishes first joint report on the implementation of intraday and day-ahead coupling as well as forward capacity allocation

Linkup
> See ENTSO-E press release (html, with access to report)

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XBID successfully launched

15.06.2018

After several years of complex and intensive development and testing, the Cross-Border Intraday (XBID) solution and ten XBID related Local Implementation Projects (LIPs) were finally initiated on 12 June, with first deliveries on 13 June. In order to create a single integrated European intraday market, several Nominated Electricity Market Operators (NEMOs) and nearly twenty transmission system operators (TSOs) from all over Europe collaborate in the XBID initiative. Among the TSOs are the TSCNET shareholders 50Hertz, Amprion, APG, Energinet, TenneT, and TransnetBW, as well as TSCNET client Creos from Luxembourg.

With a common IT system consisting of one shared order book, a capacity management module, and a shipping module, XBID bundles the whole European intraday continuous market and complements the existing day ahead market. From now on, continuous trading of electricity is possible across the following countries: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, the Netherlands, Portugal, Spain, and Sweden. Most of the other European countries are to follow in a second XBID-wave in 2019.

The XBID solution for creating a single integrated European cross-border intraday electricity market was succesfully launched.

Linkup
> See Amprion press release, in German (html)
> See APG press release, in German (html)
> See Energinet press release (html)
> See TenneT press release (html)
> See TransnetBW press release, in German (html)
> See ENTSO-E press release (html)

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XBID go live-date confirmed

24.05.2018

Pan-European intraday coupling is crucial for the future European internal energy market. That’s why the Cross-Border Intraday (XBID) initiative was established with the purpose of increasing the overall efficiency of intraday trading. Several Nominated Electricity Market Operators (NEMOs) and nearly twenty transmission system operators (TSOs) from all over the continent collaborate in the XBID initiative, including the TSCNET shareholders 50Hertz, Amprion, APG, TenneT, and TransnetBW, as well as TSCNET client Creos from Luxembourg.

On a technical scale, the XBID Solution is based on a common IT system comprising one shared order book, a capacity management module, and a shipping module. The individual components must be perfectly matched, and in order for all parties participating in XBID to exercise due care, the go-live date for XBID Solution and ten related Local Implementation Projects (LIPs) was postponed earlier this year from March to June.

After a successful completion of additional testing phases as well as two market trial periods, the NEMOs and TSOs now have confirmed the go-live date for XBID. As of 13 June, the ten LIPs will deliver continuous trading of electricity across Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, the Netherlands, Portugal, Spain, and Sweden. Most of the other European countries will then follow in a second XBID-wave in summer 2019.

> See Amprion press release (html)
> See APG press release (html)
> See TenneT press release (html)

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Start of XBID solution postponed

01.02.2018

Wether technological innovation or business decision – it is always better to take the necessary time and go through conceptions thoroughly, than to compromise ambitious goals with a premature start. This is also the case with the Cross-Border Intraday (XBID) initiative. The original go-live date for XBID Solution and ten Local Implementation Projects (LIPs) has been postponed from March to June 2018, in order to allow for additional testing and two trial trading periods thus ensuring the robustness of XBID.

Nearly twenty transmission system operators (TSOs) from all over Europe are collaborating in the XBID initiative, among them are the TSCNET shareholders 50Hertz, Amprion, APG, Energinet, TenneT, and TransnetBW, as well as TSCNET client Creos from Luxembourg. Along with several Nominated Electricity Market Operators (NEMOs) and under the coordination of the European Network of Transmission System Operators for Electricity (ENTSO-E) the partners are working on a single integrated European intraday market. The basis of this cross-zonal market solution is a common IT system comprising one shared order book, a capacity management module, and a shipping module.

A pan-European coupling of intraday markets through cross-border trade is a key element in creating the European internal electricity market. Provided that the LIP testing phase will be completed successfully, highly efficient intraday trading will be possible across fourteen countries from 12 June. According to the current state of planning, most of the other European countries are to follow in a second XBID-wave in spring or summer 2019.

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Picture: Edited detail of an image by Craig Mayhew / Robert Simmon (NASA GSFC) courtesy Marc Imhoff (NASA GSFC) / Christopher Elvidge (NOAA NGDC) (Creative Commons)

Linkup
> See Amprion press release, in German (html)
> Open Amprion press release, in English (pdf, 97kb)

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XBID solution to be launched in March

09.01.2018

Eighteen transmission system operators (TSOs) from numerous European countries, coordinated by the the European Network of Transmission System Operators for Electricity (ENTSO-E), and several Nominated Electricity Market Operators (NEMOs) share the common vision of a single integrated European intraday market, which is considered to be a key component of a pan-European internal energy market. To make their vision a reality, the project partners collaborate in the Cross-Border Intraday (XBID) initiative.

An important step for XBID will be taken in March 2018, when the jointly developed XBID solution and ten Local Implementation Projects (LIPs) are scheduled to go-live. The core of the XBID solution is a common IT system comprising one shared order book, a capacity management module, and a shipping module. The LIPs include the TSCNET shareholders 50Hertz, APG, TenneT, and TransnetBW, and the TSCNET client Creos from Luxembourg. They will establish continuous electricity trading across fifteen countries (Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Luxembourg, Norway, the Netherlands, Portugal, Spain, and Sweden), while most other European countries are to follow in a second XBID-wave in spring 2019. However, the March 2018 go-live date is still subject to the completion of a LIP testing phase.

> See Amprion press release, in German (html)
> See ENTSO-E press release (html)

Picture: EC – Audiovisual Service

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XBID implementation project launched

31.08.2017

The Cross-Border Intraday (XBID) initiative is a joint initiative by power exchanges and transmission system operators (TSOs) from eleven European countries, to create a joint integrated cross-border intraday market. Now TSOs and nominated electricity market operators (NEMOs) from Austria, the Czech Republic, Germany, Hungary, Romania, and Croatia including six TSC members (50Hertz, APG, ČEPS, HOPS, MAVIR, and TenneT) have agreed to form a local implementation project named LIP 15. Together they want to implement continuous cross-border trading and to introduce implicit allocation of cross-border transmission intraday capacities on the Czech-German, Czech-Austrian, Austrian-Hungarian, Hungarian-Romanian, and Hungarian-Croatian borders fulfilling the requirements set by the EU-wide cross-border intraday XBID project.

The single Intraday cross-zonal market solution will be based on a common IT system linking the local trading systems operated by the NEMOs as well as the available cross-zonal transmission capacity provided by the TSOs.  The XBID IT solution is expected to be technically ready by the end of 2017. In the sequel, the local implementation projects will make their final go-live preparations.

> Open joint press release (pdf, 161kb)

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