A next step for the Greek energy exchange’s European unification will be taken tomorrow with the country’s entry into Europe’s cross-border intraday XBID continuous market, through coupling with Italy and Bulgaria.
This move comes following the coupling of Greece’s intraday market with those of Italy and Slovenia in September, 2021.
Continuous trading will accompany the existing supplementary regional intraday auctions (CRIDAs).
The launch of continuous intraday market trading is a milestone for Greece’s RES sector as a large percentage of green power plants will, as a result, immediately fully assume balancing market responsibilities.
Therefore, as of tomorrow, renewable energy projects with feed-in premiums will be responsible for the full amount of deviations they may cause.
A transitional stage implemented since the launch of the target model and which limited the financial penalties of RES units for discrepancies will no longer apply.