Electricity

Greece joins European Single Intraday Coupling

Greece joins European Single Intraday Coupling sidc

Foto: iStock

Published

December 1, 2022

Country

,

Comments

comments icon

0

Share

Published:

December 1, 2022

Country:

,

Comments:

comments icon

0

Share

Greece, together with Slovakia, has successfully joined the European Single Intraday Coupling (SIDC) for electricity. This move represents the completion of the European intraday market integration.

Greece and Slovakia were in the fourth wave of integration within the European Single Intraday Coupling (SIDC). Greece was late in establishing its power exchange, which happened in November 2020.

The go-live integrated the borders of both Greece and Slovakia (GR-IT and GR-BG as well as SK-CZ, SK-HU, SK-PL), on which cross-border capacity is now allocated, starting from November 29, in the continuous trading through SIDC.

The integration process of the European intraday market has been completed

With the fourth implementation wave, the integration process of the European intraday market has been completed and electricity trading on the markets of all 25 countries participating in the SIDC has been coupled, according to Poland’s power exchange Towarowa Giełda Energii (TGE).

SIDC consists of Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Norway, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

Intraday coupling is a key component for completing the European internal energy market

It doesn’t include the three coastal European Union member states – Cyprus, Ireland, and Malta. Norway is part of the group as the only non-EU country.

SIDC is a joint initiative of nominated electricity market operators (NEMOs) and transmission system operators (TSOs). The first wave of integration went live in June 2018 and involved 15 countries.

European-wide intraday coupling is a key component for completing the European internal energy market. With the rising share of intermittent generation in the European generation mix, connecting intraday markets through cross-border trading is an increasingly important tool for market parties to keep positions balanced.

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

Montenegro determines quota maximum price for solar power auction

Montenegro determines quota, maximum price for solar power auction

06 July 2025 - The participants in the forthcoming auction for solar power projects in Montenegro will bid for state support for a total of 250 MW

Open call for green hydrogen combined heat and power pilot project in Western Macedonia

Open call for green hydrogen high-efficiency CHP pilot plant in northern Greece

04 July 2025 - The Greek government has opened a call for a pilot CHP unit in Western Macedonia that would run on green hydrogen

Foreign renewable energy investors remain committed to Romania as large plants coming online

Foreign renewable energy investors remain committed to Romania as large plants coming online

04 July 2025 - Renewable energy companies from abroad aren't intimidated by negative power prices in Romania, especially with the BESS segment accelerating

projects euros modernisation fund celan energy

EU’s Modernisation Fund disburses EUR 3.66 billion for clean energy projects in nine countries

04 July 2025 - Focusing on renewables, grids, storage, and energy efficiency, the funds will support projects in Croatia, Slovenia, Greece, and Romania.