SIDC (XBID) Update 19 th MESC Meeting ENTSO-E, Brussels 18.12.2019 - - PowerPoint PPT Presentation

SIDC (XBID) Update 19th MESC Meeting ENTSO-E, Brussels 18.12.2019

2nd Wave Go-Live successfully delivered 19th & 20th November 2019 Future Development progresses

SIDC – Headlines on Progress

2 Release 2.0 successfully deployed to plan on 30th October 2019 Geographic expansion

2019 milestones successfully delivered

• Deployed

following completion

• f

User Acceptance Testing, UAT, and Performance Testing

• Release 2.0 delivered increased Order Book

Depth of 100 (up from 31)

• Also delivered Enhanced Shipper for the 2nd

Wave Go-Live

• The Proof of Concept for Losses on DC Cables

is nearing completion (finishes mid-December).

• Pilot of Agile Development agreed with DBAG

and following discussion on approach Pilot due to commence 8th January 2020

• Scope of Release 3.0 ongoing – list to be

aligned with 2020 Budget - discussions ongoing.

• 7 additional countries coupled with 14 already

live following completion of LIP testing and go-live readiness activities. Smooth go-live.

• Interim

solution implemented for Transit Shipping

• Very positive results – significantly increased

traded volumes

• 3rd wave Go-live is expected in Q4 2020

including Italy, the Italian Northern Borders and Greece

• Slovak parties SEPS and OKTE - have

recently written to the ID Steering Committee Chairs asking for information on the steps to be taken to accede to SIDC

Highlights from the 2nd Wave Go-Live

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• 7 countries went live on 19th November with the first deliveries on 20th November – Bulgaria, Croatia,

Czech Republic, Hungary, Poland, Romania & Slovenia

• The 2nd Wave Go-Live was exceptionally smooth with the results in the markets being seen immediately
• Highlights from the first days of operation include:

 In the first 2 hours after cross border trading opened on 19th November, OTE, the Czech NEMO, reported that 1000 trades were completed for delivery on 20th November.  The Croatian NEMO, CROPEX, have recorded trades with Market Participants in 16 different countries including Norway and Spain.  HUPX, the Hungarian NEMO, reported an increase in traded volumes of nearly fourteen times when comparing the 5 days prior to go-live with the 5 days following go-live.  In Bulgaria, IBEX state that the average number of trades are over double what they delivered prior to go-live and OPCOM in Romania also report a near doubling of traded volumes.  In Slovenia, BSP Southpool have stated that for the period after go-live, compared to the equivalent period in 2018, they have seen an eight-fold increase in traded volume (11672 MWh compared to 1425 MWh).  Meanwhile in Poland since go-live TGE have achieved a daily average of over 2 000 MWh which is more than a nine-times increase when compared to the 2018 intraday daily average of 212 MWh.

Examples of increases in Intraday Trading following 2nd Wave Go-Live

4

• HUPX data chart for Hungary:
• BSP data for Slovenia:

15 day average before 2nd wave go-live – 393 MWh 15 day average after 2nd wave go-live - 1989 MWh

250 500 750 1000 1250 1500 1750 2000 2250 2500 2750 3000 01/11/2019 02/11/2019 03/11/2019 04/11/2019 05/11/2019 06/11/2019 07/11/2019 08/11/2019 09/11/2019 10/11/2019 11/11/2019 12/11/2019 13/11/2019 14/11/2019 15/11/2019 16/11/2019 17/11/2019 18/11/2019 19/11/2019 20/11/2019 21/11/2019 22/11/2019 23/11/2019 24/11/2019 25/11/2019 26/11/2019 27/11/2019 28/11/2019 29/11/2019 30/11/2019 01/12/2019 02/12/2019 03/12/2019

HUPX IDM daily volumes in November/December 2019 (MWh)

Volume (MWh) HUPX Volume (MWh) OTC

XBID GoLive

SIDC Update

5

Overall

• October 2019 broke many records since SIDC was launched in June 2018.
• The highest level of activity was seen with around 2,3 million trades recorded and an

average of 73,5k trades per day. The highest number of trades on a single day was achieved on 21st October with nearly 100k trades. In November there were a further 2,3 million trades. Approaching 30 million trades have been completed since go-live.

• The system continues to perform well. The Shipping Module generates and

distributes files after gate closure within around 13 seconds on average. The Service Level Agreement is 4 minutes 45 seconds. Future Development

• A Roadmap has been developed with circa 130 items covering geographic extension,

usability and functional development

• A Research & Development workshop was held with NRAs on 26th September. The

particular characteristics of SIDC, the commercial relationship with the main service provider and the challenges surrounding Transit Shipping were explained

• Discussions are in progress regarding Intraday Auctions and the associated

governance