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