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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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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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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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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