SIDC (XBID) Update 19 th MESC Meeting ENTSO-E, Brussels 18.12.2019
SIDC – Headlines on Progress 2 nd Wave Go-Live successfully delivered 19 th & 20 th Release 2.0 successfully deployed to plan on 30 th October 2019 November 2019 • Deployed • 7 additional countries coupled with 14 already following completion of User Acceptance Testing, UAT, and Performance live following completion of LIP testing and Testing go-live readiness activities. Smooth go-live. • Release 2.0 delivered increased Order Book • Interim solution implemented for Transit Depth of 100 (up from 31) Shipping • Also delivered Enhanced Shipper for the 2 nd • Very positive results – significantly increased Wave Go-Live traded volumes 2019 milestones successfully delivered Future Development progresses Geographic expansion • 3 rd wave Go-live is expected in Q4 2020 • The Proof of Concept for Losses on DC Cables is nearing completion (finishes mid-December). including Italy, the Italian Northern Borders and Greece • Pilot of Agile Development agreed with DBAG • Slovak parties SEPS and OKTE - have and following discussion on approach Pilot due to commence 8 th January 2020 recently written to the ID Steering Committee Chairs asking for information on the steps to • Scope of Release 3.0 ongoing – list to be be taken to accede to SIDC aligned with 2020 Budget - discussions ongoing. 2
Highlights from the 2 nd Wave Go-Live • 7 countries went live on 19 th November with the first deliveries on 20 th November – Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania & Slovenia • The 2 nd 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. 3
Examples of increases in Intraday Trading following 2 nd Wave Go-Live • HUPX data chart for Hungary: HUPX IDM daily volumes in November/December 2019 (MWh) XBID 3000 GoLive 2750 2500 2250 2000 1750 1500 1250 1000 750 500 250 0 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 Volume (MWh) HUPX Volume (MWh) OTC 15 day average before 2 nd wave go-live – 393 MWh • BSP data for Slovenia: 15 day average after 2 nd wave go-live - 1989 MWh 4
SIDC Update 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 21 st 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 26 th 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 5
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