Region, Trial coupling of Italian, Greek and Slovenian intraday markets was a success

, SEE Energy News

According to Greek energy exchange HEnEx, the trial coupling of Italian, Greek and Slovenian intraday markets was a success, namely, the transition from local intraday auctions (LIDAs) to regional intraday auctions (CRIDAs) covering the three countries was successfully completed.

The first CRIDA session ended with electricity price levels at 149.64 euros/MWh, 14.31 % below the LIDA auction level recorded a day earlier. The initial CRIDA session’s transactions represented a total electricity amount of 2.53 GWh.

As a result of the market coupling, intraday market transactions will no longer be limited to domestic restrictions but will also utilize the capacity of the Greek-Italian network interconnection left over once electricity import and export activity, through day-ahead markets, has been completed by the two neighboring countries.

The coupling of the Greek, Italian and Slovenian intraday markets represents a first step towards European intraday market unification.