Electricity

IBEX completes first phase of day-ahead market coupling with Romania

IBEX completes first phase of day-ahead market coupling with Romania

Photo: Frank Wittkowski from Pixabay

Published

October 6, 2021

Country

,

Comments

0

Share

Published:

October 6, 2021

Country:

,

Comments:

0

Share

Independent Bulgarian Energy Exchange (IBEX) has successfully completed the first phase of tests with market participants for the day-ahead market coupling with Romania. Go-live of the market coupling is planned for October 27.

Thanks to the high physical interconnectivity on the border, the day-ahead market coupling, which is a priority for Bulgaria, will significantly increase competition and reduce market concentration, IBEX said.

The market coupling with Romania will at the same time increase to a large extent the price predictability and will thus contribute to levelling hourly price peaks. According to IBEX, the project will complete the process of full integration of Bulgaria into the European Union’s common electricity market.

The next two test phases, namely market coupling simulation both with the project parties and all other nominated electricity market operators (NEMOs) in the EU together with all transmission system operators (TSOs), are scheduled for this and next week, IBEX said.

Pursuant to Regulation 1222/2015 (CACM), all NEMOs have to work towards completion and proper functioning of the single day-ahead and intraday coupling. NEMOs are also bound by an agreement along with all transmission system operators (TSOs) which stipulates the objectives and tasks of all entities in relation to completion of the EU target model.

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

Egypt add 1 1 GW solar wind power cheapest rates Africa

Egypt to add 1.1 GW in solar, wind power with cheapest rates in Africa

02 December 2022 - Two giant solar and wind power plants in Egypt will supply electricity at the lowest rates in Africa, IFC said

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid