Electricity

IBEX announces intraday market kick off

Photo: Pixabay

Published

April 2, 2018

Country

Comments

comments icon

0

Share

Published:

April 2, 2018

Country:

Comments:

comments icon

0

Share

The Independent Bulgarian Energy Exchange (IBEX) announced the launch of the intraday market (IDM) on April 11.

“On April 11 at 14:00 CET, the IDM market segment will be open for real trading with delivery after 00:00 CET on the April 12. We kindly invite all market participants that are still not registered as a member of this segment to do so by initiating the respective procedure,”, IBEX said in a statement.

The IDM market will be launched in cooperation with Nord Pool. Two power exchanges collaborate from 2015.

The successful launch of a continuous trading market is a necessary precondition for Bulgaria’s power market to join XBID, the common European cross-border intraday coupling project.

IBEX earlier announced the development of the day-ahead market (DAM) coupling project in 2018 and launch of the IDM market. For next year it plans to achieve DAM coupling on one or two borders and implementation of IDM  coupling project.

According to IBEX data, 41 market participants were active in February. Total traded volume in this month was 390.64 GWh while a total turnover was EUR 14,947 million.

IBEX was established January 2014, as a fully-owned subsidiary of the state-owned Bulgarian Energy Holding (BEH).

Two months ago, the state-owned Bulgarian stock exchange (BSE-Sofia) acquired 100% of the IBEX.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Hydropower plant Ulog in BiH receives energy license

Hydropower plant Ulog in BiH receives energy license

11 March 2025 - EFT Group's Ulog hydropower plant in Bosnia and Herzegovina, which was completed last year, won regulatory clearance for regular operation

Energy-Traders-Europe calls on EU energy market integration

Energy Traders Europe calls on EU to prioritize energy market integration

10 March 2025 - The European Commission presented the action plan ten days ago. It is one of the pillars of its Clean Industrial Deal initiative

European Hydrogen Bank's auction four times oversubscribed

European Hydrogen Bank’s auction four times oversubscribed

10 March 2025 - The European Hydrogen Bank’s second auction for the production of renewable hydrogen has attracted 61 bids for projects in 11 countries

Belgrade energy forum 2025. BEF2025

Belgrade Energy Forum 2025 – where the leaders of energy transition in SEE meet (May 14-15)

10 March 2025 - The third Belgrade Energy Forum on May 14 and 15 will bring together key actors of the energy transition in Southeast Europe.