SIDC parties announce the planned go-live for 14 June 2023 for ETPA’s trading platform to operate within the European Single Intraday Coupling could not be completed.
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), announce that due to technical issues on ETPA side, the go-live to addition of ETPA’s trading platform to SIDC on 14 June was unsuccessful.
ETPA is currently investigating the details and all involved parties are developing an approach to get this go-live established. A new timeline will be communicated by the project parties in due course.
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.
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.
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