Europe's Cross-Border Intraday power market (XBID) comes online
The new European Cross-Border Intraday (XBID) market has come online after several years of development and will now enable to increase the number of of power exchanges between the European transmission system operators (TSOs) and the nominated electricity market operators (NEMOs).
The aim of the project is to create an integrated European intraday market and ensure the continuous trading of power across Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, The Netherlands, Portugal, Spain and Sweden.
Most of the remaining European countries are expected to join it later in 2019 for the second go-live. A total of 31 TSOs and 15 power exchange back the XBID market, which is designed to handle up to 400,000 trades per day.
