The Intraday power market operates continuously, enabling round-the-clock power trading. The single intraday coupling (SIDC) algorithm couples national intraday markets. It operates under an open order book, allowing market participants to view anonymous orders submitted by other market participants to the system.

The XBID trading solution enables continuous trading where demand meets supply and vice-versa. The matching of the offers may occur regardless of the difference in the bidding zones.

The establishment of an integrated intraday electricity market enhances market competition, ensuring transparency in pricing, improving market liquidity, and optimizing the allocation and utilization of generation resources across Europe. This integration fosters the efficient exchange of electricity between different regions, leading to more balanced supply, demand dynamics and ultimately benefiting consumers and market participants.

With the increasing amount of renewables, it becomes increasingly challenging for market participants to remain balanced after the closing of the Day-Ahead market.

Balancing the network closer to the time of delivery offers benefits to market participants and system operators. This practice reduces the need for maintaining reserves and associated costs for balancing energy, resulting in more efficient and cost-effective operations for all involved parties.

Balancing Market

BSP was selected as a service provider for the balancing platform in the Slovenian bidding zone, operated by Borzen, the Slovenian Market Operator.

The Balancing platform plays a crucial role in the Slovenian electricity market. It enables ELES, the Slovenian Transmission and Distribution systems Operator, and market participants to manage any energy deficits or surpluses in the final hour before physical delivery.