Intraday Auctions (IDAs) were implemented across Europe on 13 June 2024
Milestone: All Nominated Electricity Market Operators and Transmission System Operators have introduced a new approach for pricing intraday cross-zonal capacities.
European-wide IDAs are a key component for completing the European Internal Electricity Market.
As of yesterday, after initial technical challenges, pricing the intraday transmission capacity - via Intraday Auctions (IDAs) - is part of the Single Intraday Coupling (SIDC). It completes the SIDC market which has been based on continuous trading method over the past years. IDAs are implicit auctions where collected orders are matched, and cross-zonal capacity is allocated simultaneously for different bidding zones, determining clearing prices for each bidding zone.
In line with the agreed go-live process, within the upcoming days of IDA operations, project parties will continue to closely evaluate stability and robustness of IDA operations and will inform market participants.
Please read the full press release on the following link.