On June 13, 2024, the Intraday Auctions (IDAs) project was launched as an addition to intraday continuous trading, which is carried out within the framework of XBID on cross-border profiles throughout Europe, in order to enable the determination of intraday cross-border capacity prices using an uniform methodology.
IDA solution includes 3 separate implicit auctions that interrupt XBID trading 3 times during the day:
- IDA1: Closing date for market participants in D-1 15h. Allocated period D [0h-24h]
- IDA2: Closing date for market participants in D-1 22h. Allocated period D [0h-24h]
- IDA3: Closing for market participants in D 10h. Allocated period D [12h-24h]
The methodology for the Price Linkage Algorithm, the Continuous Trading Algorithm and the Intraday Auction Algorithm (the “Algorithm Methodology”) sets out the relevant processes in accordance with Article 37(5) and Article 55 of Commission Regulation (EU) 2015/1222 of 24 July 2015 laying down guidelines on capacity allocation and congestion management (the “CACM Regulation”) and in accordance with ACER Decision 01/2019 of 24 January 2019 establishing a uniform methodology for the pricing of intraday capacity between bidding areas.
- You can find more information on the Intraday auctions on the SK-HU, SK-CZ, SK-PL profiles on the OKTE website.