SIDC: Massive growth in trading volume

02.04.2020

European cross-border Single Intraday Coupling (SIDC) was introduced in June 2018 (then called XBID) to increase the overall efficiency of intraday trading through effective competition, increased liquidity, and more efficient use of generation resources. The overarching objective is the integration of the European energy market. In November 2019, SIDC was extended in a second go-live, so that currently the markets of 22 countries are coupled through SIDC: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Luxembourg, Norway, the Netherlands, Portugal, Spain, Sweden (first go-live), and Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania, and Slovenia (second go-live).

The Nominated Electricity Market Operators (NEMOs) from the seven countries of the second go-live report significant growth in trading volume in the coupled intraday market. The Hungarian NEMO HUPX, for example, recorded an average monthly trading volume of around 75,600MWh from December 2019 to February 2020 compared to 7,600MWh in the same period of the preceding year; in the Czech Republic, the volume has increased eightfold. The other NEMOs are also registering significant growth rates. A total of 36 million trades have been executed since SIDC first went live, and the system continues to operate reliably after the second wave.

The SIDC solution is based on a common IT system with a shared order book, a capacity management module and a shipping module. The TSOs cooperating in SIDC include the TSCNET shareholders 50Hertz, Amprion, APG, ČEPS, ELES, HOPS, MAVIR, PSE, TenneT, Transelectrica and TransnetBW, as well as the TSCNET customer Creos from Luxembourg and Energinet from Denmark. With the accession of the NEMO OKTE and further TSCNET shareholder SEPS, the TSO from Bratislava, the project has meanwhile been extended to Slovakia. A third go-live to expand continuous cross-border intraday trading to Greece and Italy is expected in the first quarter of 2021.

The seven new members of SIDC for a single integrated European intraday market are reporting enormous growth in trading volume

Linkup
> See Amprion press release (html)
> See PSE press release (html)

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Paper on MRC extension

26.03.2020

The so-called 4M Market Coupling Countries (4M MC) – the Czech Republic, Hungary, Romania and Slovakia – are to be connected to the Europe-wide Multi Regional Coupling (MRC) of the electricity market. This will introduce Single Day-Ahead Coupling across 23 European countries. The initiative to implement the MRC expansion is the DE-AT-PL-4M MC Project, also known as “Interim Coupling Project”. The relevant transmission system operators (TSOs) from Austria, Czechia, Germany, Hungary, Poland, Romania and Slovakia – the TSCNET shareholders 50Hertz, APG, ČEPS, MAVIR, PSE, SEPS, TenneT, and Transelectrica – are part of the project consortium.

The AT-PL-4M MC Project establishes implicit capacity allocation based on Net Transfer Capacity (NTC) at six borders (PL-DE, PL-CZ, PL-SK, CZ-DE, CZ-AT, HU-AT). The Nominated Electricity Market Operators (NEMOs) and TSOs participating in the DE-AT-PL-4M MC Project now have published an information paper for market participants containing key information on the project in a question and answer format. This information includes the main expected changes for the market, the planned communication methods with market participants and a high-level technical description of the market design to be implemented by the project.

The partners of the AT-PL-4M MC Project for integrating Czechia, Hungary, Romania and Slovakia into MRC have published an information paper

Linkup
> Open AT-PL-4M MC information paper provided by MAVIR (pdf, 732.98kB)

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TERRE platform launched

07.01.2020

The project “Trans European Replacement Reserves Exchange” (TERRE) is dedicated to implementing the exchange of replacement reserves (RRs) under the EU guideline on electricity balancing. The objective of TERRE is to establish the European RR balancing energy market via an RR platform and to create uniform conditions for market participants. TERRE has been confirmed by the European Network of Transmission System Operators for Electricity (ENTSO-E) as the European platform for the exchange of balancing energy from RRs and is closely monitored by national regulatory authorities and the Agency for the Cooperation of Energy Regulators (ACER).

TERRE involves eight European transmission system operators (TSOs). The three TSCNET shareholders ČEPS from the Czech Republic, PSE from Poland and Swissgrid from Switzerland are complemented by RTE (France), National Grid (United Kingdom), Terna (Italy), REN (Portugal) and Red Eléctrica de Espaňa (Spain). A further six TSOs with observer status include the TSCNET shareholders MAVIR from Hungary and Transelectrica from Romania.

The TERRE platform was launched on 6 January 2020. The platform ensures cost-effective balancing energy with service availability within 30 minutes in a European setting. ČEPS was the first TSO to connect to the platform, and is currently also the only one. Further members will follow. “The launch of TERRE represents the completion of several years of effort, from defining business rules to developing an IT solution to testing the system with market participants in Europe,” explains Zbyněk Boldiš, Member of ČEPS’ Board of Directors.

The TERRE platform for the balancing of replacement energy reserves has been successfully launched (picture showing Zbyněk Boldiš, Member of ČEPS’ Board of Directors)

Linkup
> See ČEPS press release (html)
> Visit ENTSO-E’s TERRE website (html)

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Multi Regional Coupling expanded by the end of 2020

17.12.2019

The Multi Regional Coupling (MRC) of the European electricity market is to be substantially enhanced by connecting the so-called 4M Market Coupling Countries (4M MC), i.e. the Czech Republic, Hungary, Romania and Slovakia, to the Europe-wide MRC. This will establish Single Day-Ahead Coupling across 23 European countries.

In preparation for this market integration, the so-called Interim Coupling Project (DE-AT-PL-4M MC Project) was launched. It has now completed the design phase and is entering the implementation phase. This provides the Nominated Electricity Market Operators (NEMOs) and transmission system operators (TSOs) from Austria (APG), Germany (50Hertz, Amprion, TenneT, and TransnetBW), Poland (PSE) and the 4M MC countries (ČEPS, MAVIR, Transelectrica and SEPS) with a sound basis for announcing the MRC inclusion for the third quarter of 2020.

The AT-PL-4M MC Project introduces implicit capacity allocation based on Net Transfer Capacity (NTC) at six borders (PL-DE, PL-CZ, PL-SK, CZ-DE, CZ-AT, HU-AT). The competent National Regulatory Authorities (NRAs) welcome the progress made and the synergies from the project, which will facilitate the introduction of Flow-Based Market Coupling in the Core Capacity Calculation Region (Core CCR), which is the ultimate target.

The AT-PL-4M MC project for integrating Czechia, Hungary, Romania and Slovakia into MRC has entered the implementation phase.

Linkup
> See PSE press release (html)
> See SEPS press release (html)
> Open joint press release (pdf, 216.14kB)

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Single Intraday Coupling expanded

08.11.2019

Europe-wide intraday coupling is a key component for the completion of the European internal energy market. To help achieve this goal, the European cross-border Single Intraday Coupling (SIDC) solution was launched in June 2018 (then called XBID), standing for a significant step towards a single integrated continent-wide intraday market. A market of this kind increases the overall efficiency of intraday trading through effective competition, increased liquidity and more efficient use of generation resources across Europe. The SIDC solution is based on a common IT system with a common order book, a capacity management module and a shipping module.

The participating countries were initially Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, the Netherlands, Portugal, Spain and Sweden. SDIC will now be expanded and continuous electricity trading will be possible across seven further countries: Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia. Nominated electricity market operators (NEMOs) and the participating transmission system operators (TSOs) have confirmed the go-live of the extended SIDC and two additional local implementation projects on 19 November with first deliveries on 20 November.

TSOs already collaborating in SIDC include the TSCNET shareholders 50Hertz, Amprion, APG, TenneT, TransnetBW and Energinet as well as the TSCNET client Creos from Luxembourg. With the second wave, six more shareholders follow, namely ČEPS, ELES, HOPS, MAVIR, PSE and Transelectrica.

The SIDC solution for a single integrated European intraday market is expanded by seven countries, including Croatia, Czechia, Hungary, Poland, Romania and Slovenia

Linkup
> See Energinet press release (html)
> See PSE press release (html)
> See APG press release, in German (html)

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Final Conference of FutureFlow

10.09.2019

The FutureFlow project reaches the final straight: On 15 October, the Slovenian transmission system operator (TSO) ELES will host the final conference of the successful project in the Austrian capital of Vienna. FutureFlow was launched in 2016 and funded by the EU under the Horizon 2020 programme. The twelve project partners from eight European countries will officially conclude the project in December 2019.

The increasing regenerative energy generation and decreasing flexibility from conventional power plants require innovative approaches by the players in the electricity market. This is where the FutureFlow project comes in by exploring innovative e-trading solutions for smart cross-border balancing and redispatching in the control areas of four central-south European TSOs, all shareholders of TSCNET. In addition to the project coordinator ELES, the other TSO participants are APG from Austria, MAVIR from Hungary and Transelectrica from Romania.

At the final conference the FutureFlow partners will present the most important project results and options for their implementation. These include, for example, the real-time results of the cross-border pilot tests and the operation of the IT platforms developed as part of FutureFlow.

The final conference of the FutureFlow project is hosted by Eles in Vienna on 15 October (picture: Stefan Steinbauer, Pixabay)

Linkup
> See ELES press release (html)
> Visit FutureFlow website (html)
> Visit FutureFlow conference website (html)

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András Biczók new CEO of MAVIR

16.07.2019

András Biczók was appointed CEO of TSCNET shareholder MAVIR, the Hungarian transmission system operator (TSO), with effect from 15 July 2019 after the Hungarian Energy and Public Utility Regulatory Authority approved the decision of the company’s supervisory board. He succeeds Kamilla Csomai, who resigned as CEO by mutual agreement at the end of June. Biczók studied in Germany, began his career in the financial sector and has been active in various branches of the international energy industry since 2015. Most recently he was CEO and chairman of the board of directors of the Hungarian company for natural gas storage MMBF Földgáztároló Zártkörűen Működő Részvénytársaság.

The main objective of the new CEO is to continue to guide MAVIR on its way to becoming the leading and most advanced player in the national energy sector. This means that the TSO addresses increasing electricity transport and consumption, decentralised electricity generation from renewable sources and the anticipated developments in energy storage with new approaches. Biczók comments: “While cooperating with the players of the dynamically changing energy market and regulatory authorities in a proactive manner, we have to do our utmost that one of the pillars of the country’s competitiveness, the electricity, shall be constantly and safely available in proper quality and quantity.”

András Biczók is appointed new CEO of MAVIR

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> See MAVIR press release (html)

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Kamilla Csomai resigns as CEO of MAVIR

01.07.2019

The top management of TSCNET shareholder MAVIR, the Hungarian transmission system operator (TSO), is undergoing a change, after Kamilla Csomai successfully headed the company in the last challenging years. By mutual agreement, Mrs Csomai resigned from her CEO position with effect from June 21, 2019. The company’s Supervisory Board shall decide on the succession of the CEO later on.

Since 2010, Kamilla Csomai has held leading positions in the company, including Deputy CFO and member of the Supervisory Board as well as the Board of Directors. She has been CEO of MAVIR since 2015 and in this position has attached great importance to the company’s international and regional commitment, including European and regional cooperation initiatives. The departing CEO is also a member of the Board of Directors of the European Network of Transmission System Operators for Electricity (ENTSO-E) and Chairman of the Hungarian National Committee of the International Council on Large Electric Systems (CIGRE).

Kamilla Csomai is leaving MAVIR (picture of Budapest, the capital of Hungary: Kirk Fisher, Pixabay)

Linkup
> See MAVIR press release (html)

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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

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> See ENTSO-E press release (html)

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Core CCR project meeting hosted by HOPS

20.05.2019

Sixteen transmission system operators (TSOs) from the heart of Europe are participating in the Core Capacity Calculation Region (CCR) project in order to implement a decision taken by the Agency for the Cooperation of Energy Regulators (ACER) in November 2016 to merge the existing regional initiatives of Central Eastern and Central Western Europe into the European core region. These TSOs – including the twelve TSCNET shareholders 50Hertz, Amprion, APG, ČEPS, ELES, HOPS, MAVIR, PSE, SEPS, TenneT, Transelectrica, and TransnetBW – are strongly committed to implementing all CCR-related obligations in accordance with the respective network codes and guidelines of the European Commission.

Last week, the Croatian TSO HOPS organised a two-day project team meeting with representatives of all 16 Core CCR TSOs to calculate long-term cross-border transmission capacities compliant with the specifications on Capacity Allocation and Congestion Management (CACM). As one of the two Regional Security Coordinators (RSCs) for Core CCR TSOs, TSCNET Services was also part of the meeting. The concrete objective of the meeting in the Croatian capital of Zagreb was to prepare a proposal for an appropriate calculation methodology. This proposal will be open for public consultation from 10 June 2019. During the meeting participants also visited the HOPS control centre.

HOPS hosted a Core CCR project meeting in Zagreb (picture: HOPS)

Linkup
> See HOPS press release, in Croatian (html)

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