Electricity

IBEX announces intraday market kick off

Photo: Pixabay

Published

April 2, 2018

Country

Comments

0

Share

Published:

April 2, 2018

Country:

Comments:

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

coal-power-generation-eu

Fossil fuels returned as top energy source in EU power generation in 2021

01 July 2022 - Among renewable sources, the biggest increase in 2021 was seen in electricity produced from solar energy, 13%,

Voltalia breaks ground Albania biggest solar park Western Balkans Karavasta

Voltalia breaks ground in Albania for biggest solar park in Western Balkans

01 July 2022 - The site for the Karavasta solar park spans 196 hectares in Fier county in Albania's west. The planned capacity is 140 MW.

net-loss-eps-q1

Serbia’s power utility EPS posts Q1 net loss of EUR 254 million

30 June 2022 - The state-owned power utility is blaming the poor result on a drop in output, electricity imports, and capped prices for end-consumers

EU agrees fossil fuel car ban as climate package talks are starting

EU agrees fossil fuel car ban as climate package talks are starting

29 June 2022 - The Council of the EU and European Parliament are set for talks on the Fit-for-55 package. Both agree new combustion engines should be banned by 2035.