Universal application of exchange’s intraday market cap soon

An energy ministry plan for the universal application of a remuneration cap concerning electricity producers in the energy exchange’s intraday market, covering all purchases and sales, not just three supplementary intraday auctions (CRIDAs), is in the pipeline.

At present, a cap only applies to the three CRIDAs, as Greece had not yet joined Europe’s continuous transactions (XBID) platform when the cap was imposed in early October.

XBID trading in Greece was launched just weeks ago. Its volume of trade is many times over that of CRIDAs.