APX-ENDEX, Belpex, Elia and TenneT announce the integration of the Belgian and Dutch intraday markets. Amsterdam/Arnhem/Brussels, 17 February 2011 – APX-ENDEX, Belpex, Elia and TenneT today announce the integration of the Belgian and Dutch intraday markets through the introduction of an implicit cross border capacity allocation mechanism for the Dutch-Belgian intraday capacity. The launch of the cross-border intraday market is a joint effort of the transmission system operators and power exchanges of the Netherlands and Belgium:.ELIA, TenneT, APX-ENDEX and Belpex. The integrated cross-border trading solution is based on the existing Elbas technology, a proven system already operated in the Nordic countries and Germany. As announced earlier, the initial implementation of the integrated intraday market include the Netherlands and Belgium. It is planned to be followed soon by integration with the Nordic intraday market through the NorNed cable as well as through the Dutch/German and German/Danish borders. The solution is based on a continuous trading system where bids and offers in one country are automatically matched with bids and offers in the other country as long as there is capacity available on an intraday basis. The development of intraday markets is considered as a high priority due to increased renewable generation sources, which increases the demand for trading close to the time of delivery. Integrated regional and inter-regional markets, which offer easy access to bids and offers in other countries, are critical to the development of the market liquidity and follow the trend of integration of European electricity markets that started with the integration of the day-ahead markets in 2006. The launch of this cross-border intraday solution between the Netherlands and Belgium is another step forward in the integration of the European electricity markets.
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