SIDC: Successful go-live for Bursa Romana de Marfuri (BRM) as the second NEMO to operate in Romania within the European Single Intraday Coupling (SIDC)
SIDC parties confirm the successful go-live on 22 May 2024 for BRM’s trading platform to operate within the European Single Intraday Coupling. System performing well.
Paris, 23 May 2024. The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) cooperating in the BRM Local Implementation Project, which aims at integrating BRM into the European Single Intraday Coupling market (SIDC), are pleased to confirm the successful addition of BRM’s trading platform to SIDC.
The integration of BRM’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. More market participants will be joining SIDC, allowing for more assets to react to price signals and therefore adding flexibility and reducing price volatility.
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/