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.