Nord Pool, Europe’s leading power market, saw a day of firsts with the go live, on Tuesday 12 June, of the XBID cross-border intraday project.
Not only did Nord Pool record the first ever trade on XBID – at 14.03 CET in Denmark – the power exchange also saw XBID’s first cross bidding zone trade between DK1 (Denmark) and DK2 (Denmark) at 15:00:34 CET, followed by a cross-border trade between Finland and SE3 (Sweden) shortly after capacities became available. Thereafter Nord Pool secured the first cross power exchange trade, which saw power traded between Finland and Spain at 22.13 CET, after all participating regions had been connected. Since XBID went live Nord Pool has seen trades in all its intraday markets, both existing and new.
Commenting on the successful XBID launch, Kari Ekelund Thørud, CEO at Nord Pool, said: “Nord Pool is – and always has been – committed to the creation of a competitive and efficient single European power market. The successful launch of XBID is the next step in that important process and for Nord Pool and its customers the sharing of intraday order books has been absolutely key to that.
“We have spent a great deal of time, money and resource comprehensively upgrading our intraday system to ensure it is XBID-ready for our customers, who are already enjoying greater trading opportunities in 12 geographical markets. Nord Pool intraday markets are now open, and trading, in the Netherlands, Belgium, France and Austria, in addition to our previous Nordic, Baltic, German and UK markets. I congratulate all those across Europe who have been involved in making XBID a success and wish Europe’s cross border intraday market the very best for the future.”
For efficient, simple and secure intraday trading, contact Nord Pool.
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.
Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.
Lysaker, 14 June 2018
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