Cross-Border Intraday Market Project (XBID)
The launch of the Cross-Border Intraday project (XBID) is targeted for June 12 2018, and will enable continuous trading of electricity across 15 European countries. Nord Pool, together with other Power Exchanges and TSOs from these countries recently held a user forum to give an overview of the XBID project, borders/market areas/products, information from the Local Implementation Projects and involvement of Market Parties in NEMOs' Members' Testing and preparation for go-live. Find all presentations under Useful documents.
Why implement XBID?
The single intraday market will enable continuous cross-border trading across the entire Europe. This single intraday market solution will be based on a common IT system with one Shared Order Book, a Capacity Management Module and a Shipping Module.
This means that orders entered by market participants for continuous matching in one country can be matched by orders similarly submitted by market participants in any other country within the project’s reach as long as transmission capacity is available.
The intraday solution supports both explicit (where requested by NRAs) and implicit continuous trading and is in line with the EU Target model for an integrated intraday market.
The purpose of the XBID initiative is to increase the overall efficiency of intraday trading.