OPCOM

30 September 2022:
SIDC: Expansion of 15-minute products to Bulgaria

The Nominated Electricity Market Operators (NEMOs) and Transmission System Operators (TSOs) involved in the European Single Intraday Coupling (SIDC – formerly XBID) are pleased to announce that 15-minute intraday products will be newly available for cross-border trading on the Romanian-Bulgarian border as of 1st October 2022 (delivery day).

The completion of this milestone towards the better market integration of renewables comes 3 years after Bulgaria and Romania joined SIDC as part of the 2nd wave of integration and the expansion of 15-minute intraday products to Romania in February 2021.

The introduction of smaller granularity cross-border products for continuous trading on this border will provide Bulgarian market participants with access to the existing liquidity of 15-minute products allowing them to better adjust their commercial positions on this market. Thus, it will be possible for a 15- minute product order to be matched with another order for a 15- minute product in the already coupled intraday markets of Austria, Germany, Netherlands, Belgium, Hungary, Romania, and Slovenia.

SIDC currently couples the continuous intraday markets of 23 countries: Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Italy, Latvia, Lithuania, Luxembourg, Norway, The Netherlands, Poland, Portugal, Romania, 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/

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About OPCOM

OPCOM is the Romanian Electricity and Gas Market Operator. Since 2000, OPCOM has been committed to strengthen a market place where energy and environmental certificates are traded in conditions of transparency and integrity. Today, the trading portfolio offered by OPCOM ranges from electricity products to gas products, as well as green certificates. More than 900 companies are using the products available for trading on short-term electricity, gas and green certificates markets as well as on term markets for electricity, gas and green certificates bilateral contracts. In addition to this role, OPCOM is responsible for settlement of the transactions concluded on short-term energy markets, Balancing Market as well as the Imbalances of the Balancing Responsible Parties. OPCOM also manages the Green Certificates Register. Today, OPCOM is acting as Registered Reporting Mechanism under REMIT managing more than 480 reporting agreements on its electricity and gas markets. OPCOM was designated by the Romanian Energy Regulatory Authority as Nominated Electricity Market Operator (NEMO) in accordance with the Regulation (EU) 2015/1222 for fulfilling tasks related to the coupling of the day-ahead and intraday markets.

OPCOM applies the Quality Management System complying with ISO 9001 - SR EN ISO 9001, respectively the Information Security Management System complying with ISO/IEC 27001 - SR EN ISO/IEC 27001, both systems being certified by Lloyd's Register LRQA.

For more information about OPCOM, please visit us at www.opcom.ro.

PRESS RELEASE 30.9.2022