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XBID – 2nd Wave Go-Live and Changes in Gate Opening Time from 1st January 2019

Over 6.3 million trades completed in XBID. Expansion of XBID into further countries expected summer 2019. Harmonisation of Gate Opening Times from 1st January 2019 will be communicated locally by Transmission System Operators.

The XBID parties are pleased to confirm that XBID continues to operate with stability and that over 6.3 million trades have been successfully completed since Go-live in June. The XBID solution has been operational for nearly 6 months.

Preparations are now underway for a 2nd wave go-live which is expected to be launched in 2019. The following countries are actively involved in this expansion: Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania and Slovenia, together with the bordering countries who are already operational from the 1st go-live. The borders which will take part in this 2nd wave go-live will be confirmed in spring 2019.
Gate Opening Times (GOT) are expected to be changed to 15:00 CET, D-1 according to the ACER decision No. 04/2018 of 24 April 2018 for intraday cross-zonal gate opening and closure times. Many of these changes are expected to be in operation as of 1st January 2019. In capacity calculation regions (CCRs) where the capacity calculation methodology has not been approved yet, the implementation date will be, at the latest, 30 days after National Regulatory Authority’s approval. Details on the timing and available capacities, including a reasoning in case cross-zonal capacity can only be released after GOT, will be provided separately by Transmission System Operators on the CCR level.


Go-live package for XBID market

  • The European Cross-Border Intraday Market (XBID) together with 11 Local Implementation Projects will go live in June 2018.
  • The XBID participants published the XBID Go-live package containing general information about the intraday market coupling project in the European Union and Norway – XBID.

According to Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management, NEMO and transmission network operators from the EU countries and Norway developed a MCO Plan, according to which, upon the approval by all the European regulators, the XBID  (Cross-Border Intraday) project was recognised as an instrument of intraday market coupling in the Member States and Norway. XBID is a joint initiative of energy exchanges and transmission network operators from 11 countries.

XBID is a trading facility (central system) developed by Deutsche Boerse AG for the cross-border intraday market which will communicate with local trading systems operating within Local Implementation Projects.

The XBID solution is based on a joint trading system provided with a Shared Order Book (SOB), Capacity Management Module (CMM) and Shipping Module (SM). XBID enables the matching of market participant’s orders under a continuous trading system with the orders placed in the same way by market participants in any other zone covered by the project, as long as transmission capacity is available. Ultimately, the integrated intraday market model will enable both explicit allocation (auction system) and continuous trading under an implicit allocation system.

The European cross-border intraday market under the XBID model, which covers 11 Local Implementation Projects will go live in June 2018 while other Local Implementation Projects, including LIP 16, which will comprise the links between Poland and Lithuania and Sweden will join XBID in 2019.

02.2018_XBID Launch Information Package (file)

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