On June 11, the Portuguese NRA (ERSE) approved the procedures and regulation that enable the go-live of the Pan-European Cross-Border Intraday Market (XBID project).
XBID is a joint initiative between European Energy Exchanges and TSOs to create an integrated and continuous intraday market across Europe. The first phase of the XBID project will go-live on the 13rd of June 2018, and will provide continuous intraday electricity trading in the following countries: Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, the Netherlands, Portugal, Spain and Sweden. The participation of the remaining countries is expected in the second phase, which will most likely take place in 2019.
This project will enable a market participant to trade with any other market participant from any other country, within the project's scope, as long as transmission capacity is available.