June 23, 2024
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HomeUncategorizedRomania: Successful go-live for BRM as the second NEMO within the European...

Romania: Successful go-live for BRM as the second NEMO within the European Single Intraday Coupling m

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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), confirmed 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.

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.

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