SIDC (former XBID)

XBID Market Project is an initiative of Power Exchanges together with Transmission System Operators to create a joint integrated Intraday cross-border market. The purpose of XBID Project is to enable continuous cross-border trading and increase the efficiency of Intraday trading on single cross-border Intraday market across Europe. The wider XBID solution will establish a single integrated European Intraday market.

The single intraday market enables continuous cross-border trading across Europe. This single intraday market solution is based on a common IT system with one Shared Order Book (SOB), a Capacity Management Module (CMM) and a Shipping Module (SM). This means that orders entered by market participants for continuous matching in one country can be matched by orders similarly submitted by market participants in any other country within the project’s reach as long as transmission capacity is available.

The intraday solution supports both explicit (where requested by NRAs) and implicit continuous trading and is in line with the EU Target model for an integrated intraday market. The purpose of the XBID initiative is to increase the overall efficiency of intraday trading.

BSP SouthPool joined the SIDC project within the 2nd wave on the 19th of November 2019.

More information is available in the following documents: