XBID Intraday is a project to integrate the intraday markets of Europe.
The XBID system is a trading solution designed to enable power exchanges to trade energy contracts seamlessly across different geographies in a transparent, efficient and cost effective manner. It aims at creating an integrated trading platform based on the shared order book concept of trading module (SOB), the Capacity Management Module (CMM) and the Shipping Module (SM). The combined entity allows multiple exchanges in different geographies to trade cross border energy contracts continuously on a 24 by 7 basis on a centralised platform.
Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) have announced the 12th June 2018 as the target date for the launch of XBID and the go-Live of 10 Local Implementation Projects, with first deliveries on 13th June 2018. All indicated dates remain subject to successful completion of testing.
Marking an important step towards creating a single integrated European Intraday market the target go-live with the 10 Local Implementation Projects will deliver continuous trading of electricity across the following countries: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, The Netherlands, Portugal, Spain and Sweden. Most other European countries are due to take part in a second ‘wave’ go-live with XBID in Spring 2019.
More information regarding the project can be found on the following link.