SIDC parties confirm the go-live date of 14th of June 2023 for ETPA’s trading platform to operate within the European Single Intraday Coupling. ETPA will start hosting trading in the Dutch Market Area and is planning to expand to other European countries.
The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) cooperating in the ETPA Local Implementation Project, which aims to integrate ETPA into the European Single Intraday Coupling market (SIDC), are pleased to confirm the go-live date of 14th of June 2023 for the addition of ETPA’s trading platform to SIDC. This confirmation follows the successful completion of functional integration testing as well as simulation integration testing.
The integration of ETPA’s trading platform into SIDC marks another important milestone towards increasing the efficiency of the single European Electricity Market. Market participants operating across countries will benefit from an Electricity Market that becomes more liquid and therefore increasingly competitive. With more market participants joining SIDC, it creates an opportunity for more assets to react to price signals and therefore increasing the potential to add flexibility and reduce price volatility.
ETPA’s trading platform will provide access to SIDC for the Dutch Market Area along with its existing platforms for congestion management and EX-Post trading. The go-live of ETPA’s trading platform shows the good functioning of the SIDC integration process.
SIDC currently couples the continuous intraday markets of 25 countries: Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Norway, The Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
About SIDC:
The SIDC solution is based on a common IT system with one Shared Order Book, a Capacity Management Module and a Shipping Module. It allows for orders entered by market participants for continuous matching in one bidding zone to be matched by orders similarly submitted by market participants in any other bidding zone within the project’s reach as long as transmission capacity is available. The intraday solution supports both explicit allocation (where approved by the respective National Regulatory
Authorities) and implicit continuous trading. It is in line with the EU Target model for an integrated intraday market.
European-wide intraday coupling is a key component for completing the European Internal Energy Market. With the rising share of intermittent generation in the European generation mix, connecting intraday markets through cross-border trading is an increasingly important tool for market parties to keep positions balanced. The purpose of the SIDC initiative is to increase the overall efficiency of intraday trading.
For additional information on SIDC go to:
http://www.nemo-committee.eu/sidc
https://www.entsoe.eu/network_codes/cacm/implementation/sidc/
About ETPA:
ETPA offers an accessible trading platform that enables asset owners and traders to optimise their energy portfolio through short-term trading. Participants range from international energy utilities to smaller energy traders like greenhouse owners and energy storage facilities. The platform also offers products used by grid operators to manage congestion.
Its fast, affordable, and reliable exchange allows participants to provide and exploit system flexibility; the cornerstone of a power system capable of hosting a high share of renewables. Thus, reducing price volatility and therefore improving the risk profile of RES investors and consumers.
For additional information on ETPA go to:
https://www.etpa.nl/