New intraday products on German, French and Benelux borders under SIDC

29.10.2020

The European Transmission System Operators (TSOs) are jointly striving for an integrated European electricity market. A key component for market integration is cross-border Single Intraday Coupling (SIDC), which was introduced in June 2018, then called XBID. SIDC aims to increase the overall efficiency of intraday trading through effective competition, increased liquidity, and more efficient use of generation resources. Further progress has now been made along the path to a common market: On 10 December 2020, the competent Nominated Electricity Market Operators (NEMOs), the Belgian and French TSOs Elia and RTE and the two TSCNET shareholders Amprion, one of the four German TSOs, and TenneT, the Dutch-German TSO, will launch new cross-border intraday products at the borders of the bidding zones between Belgium, Germany, France, and the Netherlands.

In concrete terms, 30-minute cross-border products are to be introduced in intraday continuous trading at the Belgian-French border and 15 and 30-minute cross-border products at the Belgian-German, Belgian-Dutch and Dutch-German borders. With the introduction of these intraday products, the TSOs fulfil their obligation to offer cross-zonal capacity for SIDC at their borders with least common multiple of the imbalance settlement periods (ISP) and this on both sides of the respective bidding zone borders. This innovation should improve the possibilities for imbalance management by market parties, closer to real time, as market participants will be able to sell or buy cross-border products with the same resolution as the ISPs of the Belgian, Dutch, French, and German-Luxembourg bidding zones.

Moreover, Belgian and Dutch market participants will then have access to the existing market liquidity of 15-minute products in Germany and Austria and 30-minute products in Germany and France respectively, where these cross-border products have already been established. The XBID platform for SIDC comprises a common IT system with a shared order book, a capacity management module, and a shipping module. Via this platform, the new products will be available for cross-border trade in Belgium and the Netherlands from 10 December 2020 and will complement the currently existing 60-minute cross-border products. Bids for 15-minute and 30-minute products will be included in the NEMOs’ shared order books.

As SIDC represents a pan-European solution, numerous TSCNET shareholders are involved in the solution for market integration. In addition to the above mentioned TSOs, 50Hertz, APG, ČEPS, ELES, HOPS, MAVIR, PSE, SEPS, Transelectrica, and TransnetBW as well as several TSCNET customers are also part of SIDC.

New cross-border intraday products will be launched in December 2020 under SIDC

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

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New Local Implementation Project under SIDC

09.07.2020

European transmission system operators (TSOs) are committed to the European Energy Union by collectively working towards an integrated European electricity market. A key component for market integration is cross-border Single Intraday Coupling (SIDC), which was introduced as XBID in June 2018. SIDC is designed to increase the overall efficiency of intraday trading through effective competition, increased liquidity, and more efficient use of generation resources. Currently, the markets of 22 countries are coupled through SIDC: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Latvia, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, and Sweden. With the inclusion of the Slovakian Nominated Electricity Market Operator (NEMO) OKTE and TSCNET shareholder SEPS, the TSO from Bratislava, the project also extends to Slovakia.

Within the framework structure of the SIDC, Local Implementation Projects (LIPs) provide for the expansion of the market coupling, and a new project has now been established as LIP 17. The NEMOs and TSOs from the Czech Republic, Hungary, Poland, and Slovakia – the TSCNET shareholders ČEPS, MAVIR, PSE, and SEPS – have proposed to implement SIDC across the borders between Slovakia-Czechia, Slovakia-Hungary, and Slovakia-Poland. The SIDC Steering Committee approved on 7 July and the LIP 17 roadmap will now be elaborated in more detail.

The SIDC solution comprises a common IT system with a shared order book, a capacity management module, and a shipping module. In addition to the TSOs mentioned above, the TSCNET shareholders 50Hertz, Amprion, APG, ELES, HOPS, TenneT, Transelectrica, and TransnetBW as well as the TSCNET customers Creos from Luxembourg and Energinet from Denmark are also part of SIDC.

A new LIP for the introduction of intraday trading across the borders of Czechia, Hungary, Poland, and Slovakia has been established under SIDC

Linkup
> See MAVIR press release (html)
> See PSE press release (html)
> See SEPS press release (html)

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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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