Nord Pool Spot, APX-ENDEX, Statnett and TenneT today announce the successful implementation of the cross-border intraday (XBID) solution over the Dutch-Norwegian interconnector NorNed.
This cross-border intraday solution links the existing Dutch-Belgian intraday market operated by APX-ENDEX and Belpex with the existing intraday market operated by Nord Pool Spot in Denmark, Norway, Sweden, Finland, Estonia and Germany.
The cross-border intraday solution allows implicit allocation of intraday capacity over the NorNed interconnector. As a result, market participants can trade across the whole region, to the extent of the available cross-border capacity.
Integrated regional and interregional markets, which offer easy access to bids and offers in other countries, are critical to the development of market liquidity. The linking of the Nordic, Dutch and Belgian intraday markets is a significant step towards the European target model of an integrated electricity market.
About the XBID project
The launch of this new cross-border intraday solution is a joint effort between APX-ENDEX and Nord Pool Spot, together with the Dutch and Norwegian transmission system operators TenneT and Statnett. It is a continuous trading and capacity allocation system guaranteeing that each participant in his area at all times is provided with the cheapest available sell-orders and the highest valued available buy-orders from the whole region, provided there is cross-border capacity available. Each matched trade is followed up by an update of available transmission capacity on all interconnections and a modified set of available buy and sell-orders for each market area. Any capacity remaining after the day-ahead allocation on NorNed (plus capacity in the reverse direction) will be made available for the intraday market.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its members. 350 companies from 20 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2011 the group had a total turnover of 316 TWh, which includes the auction volume in the UK market N2EX.
Lysaker, 15 March 2012
For more information, please contact:
Communications Manager Nordic, Nord Pool Spot
email@example.com, +47 916 50 603
Head of Communications, APX-ENDEX
firstname.lastname@example.org, +31 20 305 4062
Corporate Communications Officer, APX-ENDEX
email@example.com, +31 20 305 4060
Press officer, TenneT
firstname.lastname@example.org, +31 26 373 2600
Senior Communication Advisor, Statnett
email@example.com, +47 23 90 32 36