Electricity

Bulgaria, Croatia, Romania, Slovenia to join Single Intraday Coupling project in November

Photo: SIDC map (Deutsche Boerse)

Published

October 11, 2019

Country

Comments

0

Share

Published:

October 11, 2019

Country:

Comments:

0

Share

The go-live of the second wave of the Single Intraday Coupling (SIDC, formerly known as the XBID) project is planned for November 19. The second wave will enable continuous cross-border trading of electricity in the intraday timeframe across Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, and Slovenia.

With an additional seven countries due to go-live by the end of 2019, this would bring the geographic coverage of Single Intraday Coupling project to 21 countries.

The countries operational from the first go-live, in June 2018, are Belgium, Denmark, Germany, Estonia, Finland, France, Latvia, Lithuania, Norway, the Netherlands, Austria, Portugal, Sweden, and Spain. The 2nd Wave Pre-Launch Event of the Single Intraday Coupling took place on October 1, in Prague.

The second wave of the Single Intraday Coupling project will also include the Slovenian intraday electricity market via BSP SouthPool, the company said on its website.

Croatian power exchange CROPEX said that its Intraday Market will be coupled via the Croatian-Slovenian and Croatian-Hungarian borders.

CROPEX became part of the 15th XBID Local Implementation Project in August 2017, while the Independent Bulgarian Energy Exchange (IBEX) and the country’s Electricity System Operator (ESO) joined this Local Implementation Project in September 2018.

Renewable intermittent production raises interest in intraday markets

According to the ENTSO-E press release in June 2019, since the successful first go-live in June 2018, over 16 million trades have been executed.

An integrated intraday market will increase the overall efficiency of intraday trading

An integrated intraday market will increase the overall efficiency of intraday trading by promoting effective competition, increasing liquidity and enabling more efficient utilization of the generation resources across Europe, ENTSO-E said.

With the increasing amount of renewable intermittent production, interest in trading in the intraday markets is increasing as it can become more and more challenging for market participants to be in balance after the closing of the Day-Ahead Market (DAM).

Comments (0)

Be the first one to comment on this article.

Enter Your Comment

Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

ELES-CEO-Slovenia-coal-phaseout-date-Aleksander-Mervar

ELES CEO: Slovenia must set coal phaseout date as soon as possible

19 April 2021 - Slovenia's only coal-fired thermal power plant TEŠ is on track to lose up to EUR 150 million this year, CEO of ELES Aleksander Mervar said

mytilines ost constract substation

Mytilineos enters Albanian power market, signs EUR 21 million contract with OST

19 April 2021 - The contract includes the construction of new substation Elbasan 3 and upgrading substation Fier.

Albania introduces market based procurement of balancing services

Albania introduces market based procurement of balancing services

16 April 2021 - The new balancing rules in force as of April 1 introduce market based procurement of balancing services and imbalance price formation.

European Commission Serbia BiH coal power output 2020

European Commission: Serbia, BiH increase coal power output in 2020

13 April 2021 - Power output from coal fell by 22% in the EU last year, while Serbia boosted its production by 4% in the sector and BiH increased it by 8%