This site uses cookies to offer you a better browsing experience. Find out more on how we use cookies and how you can change your settings.

Nord Pool logo
Nord Pool logo
  • Market data
    • Nord Pool day-ahead
      • Prices
      • Volumes
      • Capacities
      • Flow
    • Nord Pool intraday
      • Market data
      • Volumes
      • Initial capacity
      • Transmission capacity
      • SEM-GB intraday auction UK
    • Nord Pool UK
      • Prices
      • Block prices
      • Volumes
      • Capacities
      • Flow
      • Exchange rates
      • Half hourly prices
      • Half hourly block prices
      • Half hourly volumes
    • Regulating power
      • Regulating power per area
      • Regulating prices
      • Regulating volumes
      • Volume of regulating bids
      • Special regulation volume
      • Automatic activated reserve
    • Power system data
      • Production
      • Consumption
      • Exchange
      • Hydro Reservoir
    • Maps
      • Day-ahead overview
    • Data downloads
      • Aggregated Market Data
      • System Price Curve Data
      • Recalculated Nordic System Price
      • Nord Pool Report on the Nordic System Price
  • Trading
    • Join our markets
      • Contact us
      • Becoming a customer
      • Membership list
    • Operational messages
    • Day-ahead trading
      • Order types
      • Price calculation
      • Preliminary prices and exchange rates
      • Capacities
      • Ramping
      • Loss functionality
      • Curtailment, price thresholds and decoupling
    • Intraday trading
      • Order types
      • Capacities
    • Clearing
      • Settlement
      • Collateral
      • Margin model
    • API
      • ISV partners
    • Rules and regulations
    • Market surveillance
      • Market Surveillance Quarterly Newsletter
      • Expert reports
    • Events
      • Nord Pool Event Paris
      • Book a meeting with Nord Pool at E-World 2024
      • The benefits of granular renewable energy certificates
      • Nord Pool’s role in the energy transition
    • Impact of Nordic Flow-Based on the Nordic System Price
      • System price results
  • Services
    • Power Data Services
      • Day-Ahead Market Data
      • Aggregated Bidding Curves
      • Intraday Market Data
      • Intraday Hub2Hub
      • Data Portal
      • Electricity retailers
      • Other products
      • FAQ
      • Inquire and Order
    • Compliance
      • REMIT UMM
      • REMIT transaction reporting service
      • REMIT Best Practice Report
    • Consulting
      • Recent projects
    • Nord Pool Academy
      • Nord Pool Certified Compliance Course - Online 29/11
  • Media
    • Newsroom
      • News
      • Newsletters
      • Market Surveillance Newsletters
      • TSO news
      • Subscribe to Press releases
      • Whitepapers
    • Photos
    • Annual report
    • Media contacts
  • About us
    • Our business
    • Organisation
      • CEO
      • Strategy & Products
      • Finance, Risk, HR & Compliance
      • Public Affairs, Communication & Marketing
      • Legal, Regulatory & Market Coupling Operation
      • Operations
      • Product Development & Innovation
      • Nordic, Baltic & UK​
      • Western & Central Europe
      • Board of Directors
    • Careers
    • Advisory Board
    • Terms and conditions for use of website
    • Control cookies
    • ESG
      • Product offerings
      • The Norwegian Transparency Act
      • Social
      • Governance
Log in
Log in
Newsroom
  • News
  • Newsletters
  • Market Surveillance Newsletters
  • TSO news
  • Subscribe to Press releases
  • Whitepapers
Photos
Annual report
Media contacts
Back to listings
08 January 2018 11:00

European Cross-Border Intraday (XBID) Solution and 10 Local Implementation Projects to go-live in March 2018

Nominated Electricity Market Operators (NEMOs) and Transmission System Operators
(TSOs) have announced the 13th March 2018 as the target date for the launch of XBID
and the go-Live of 10 Local Implementation Projects, with first deliveries on 14th March.
All indicated dates remain subject to successful completion of testing.

The project partners consisting of the European NEMOs EPEX SPOT, GME, Nord Pool and OMIE and the North Western and South Western European and Baltic Transmission System Operators (TSOs) (see note 1) are pleased to announce the target go-live date following the completion of the user acceptance testing of the XBID solution.

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.

The March 2018 go-live date is still subject to completion of Local Implementation Projects’ testing, Member Testing in February and completion of the Intraday Operational Agreement with clarifications from the National Regulatory Authorities (NRAs).

The XBID solution is based on a common IT system with one Shared Order Book (SOB), a Capacity Management Module (CMM) and a Shipping Module (SM). It allows for orders entered by market participants for continuous matching in one bidding zone to be matched by orders similarly submitted by market participants in any other bidding zone within the project’s reach as long as transmission capacity is available. The intraday solution supports both explicit allocation (where requested by NRAs) and implicit continuous trading and is in line with
the EU Target model for an integrated intraday market.

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. The purpose of the XBID initiative is to increase the overall efficiency of intraday trading.

Note 1: The Transmission System Operators involved in the project are: 50Hertz (Germany), Amprion (Germany), AST (Latvia), Austrian Power Grid (Austria), Creos (Luxembourg), Elering (Estonia), Elia (Belgium), Energinet.dk (Denmark), Fingrid (Finland), Litgrid (Lithuania), National Grid Interconnectors (Britned and IFA, United Kingdom), REE (Spain), REN (Portugal), RTE (France), Statnett (Norway), Svenska kraftnät (Sweden), TenneT TSO B.V. (Netherlands), TenneT TSO GmbH (Germany) and TransnetBW (Germany).

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 380 companies from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2017 Nord Pool had a total turnover of 512 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.

Lysaker, 8 January 2018

For further information, please contact:
Stina Johansen, Communications Director, +47 916 50 603 (for press enquiries)


Previous message Next message

Choose quarter

{{ group.year }}

  • ({{ period.count }})
Nord Pool logo

    Nord Pool AS

    Tel. +47 6710 9100

    P.O. Box 121

    1325 Lysaker, Norway

Market Data

  • Day-ahead
  • Intraday
  • Regulating power
  • Power system data
  • Maps

Trading

  • Join our markets
  • Operational messages
  • Day-ahead trading
  • Intraday trading
  • Clearing
  • API
  • Rules & regulations
  • Market surveillance
  • Customers have their say

Services

  • Premium Data Services
  • Compliance
  • Consulting
  • Nord Pool Academy
  • German mini-site
  • French mini-site

The Power Market

  • Day-ahead market
  • Intraday market
  • CACM regulation
  • Benchmark regulation - Nordic system price
  • Market members
  • Bidding areas

Social media

Quick links

  • UMM
  • Auction
  • Intraday Web
  • CASS
  • Intraday and GB Half Hourly auctions

Media

  • Press
  • Newsroom
  • Annual report
  • Download center

About us

  • Careers
  • Advisory board
  • History
  • Organisation
  • Corporate Compliance Policy
  • Control cookies

Contact us

  • Norway
  • Sweden
  • Finland
  • Estonia
  • UK
  • Germany

© Nord Pool 2020 | Imprint, Data Policy, Legal Notice, How We Treat Personal Data