Successful XBID launch
The go live of XBID, the European cross-border intraday project, saw Nord Pool record a series of trading firsts.
Not only did we have the first ever XBID trade (in Denmark) Nord Pool also secured XBID’s first cross bidding zone trade between DK1 (Denmark) and DK2 (Denmark), followed by a cross-border trade between Finland and SE3 (Sweden). Thereafter we recorded the first cross power exchange trade, which saw power traded between Finland and Spain. Very soon after go live Nord Pool had seen trades in all its intraday markets, both existing and new.
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 comprehensively upgraded our intraday system to ensure it was 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 - visit our intraday page.