May 24 (SeeNews) – The Romanian Commodities Exchange, BRM, went live on the Single Intraday Coupling (SIDC) European electricity auction market on May 22, the All NEMO Committee, the organisation facilitating cooperation among European nominated electricity market operators (NEMOs), said.
The integration of BRM’s trading platform into SIDC will allow market participants to benefit from a single European electricity market that is more efficient and liquid as well as more competitive, the All NEMO Committee said in a press release on Thursday.
The BRM allows for the trading of electricity as well as other commodities such as natural gas, petroleum products, and general goods. It is the second Romanian NEMO to join the SIDC, following the go-live of OPCOM, a subsidiary of Romanian transmission system operator (TSO) Transelectrica [BSE:TEL], in 2019.
The SIDC is connecting NEMOs and TSOs from 25 countries, whose mission is to enable European-wide intraday coupling in order to create a single European Internal Electricity Market. An intraday coupling system is a trading solution based on a Shared Order Book.
Blue-chip Transelectrica’s shares traded 2.60% higher at 31.55 lei ($6.88/6.34 euro) as at 1108 CET on Friday on the Bucharest bourse.
(1 euro=4.9757 lei)
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Read More: Romanian Commodities Exchange goes live on SIDC power market