Electricity

IBEX has successfully started intraday electricity market

IBEX has successfully started intraday electricity market

Photo: ibex.bg

Published

April 12, 2018

Country

Comments

comments icon

0

Share

Published:

April 12, 2018

Country:

Comments:

comments icon

0

Share

The Independent Bulgarian Energy Exchange (IBEX) launched the intraday market (IDM) segment in Bulgaria on April 11. The minimum amount of electricity that can be traded is 100 kWh, and the price step is 10 euro cents.

According to the IBEX’ statement, 20 participants already registered on this segment and they all can now submit purchase and sale orders with delivery date after 00:00 CET on April 12, 2018.

The new IBEX system maintains 24-hour trading and orders can be placed up to 60 minutes before the delivery begins. Trading on the intraday market will take place in euros.

Konstantin Konstantinov, the executive director of IBEX, said that all the energy producers, including those who produce renewable energy, as well as energy traders and consumers will benefit from this new market segment since the trading options are as close as possible to delivery time.

The IDM market was launched in cooperation with Norway’s Nord Pool AS, developer of the web-based trade platform. Two power exchanges collaborate from 2015.

The introduction of intraday market, IBEX completed its trading platform along with day-ahead trading and long-term contracts. It will also provide possibilities for market integration into the single European intraday electricity market, which is aimed at removing the barriers for cross-border electricity trading.

In February this year, the state-owned Bulgarian stock exchange (BSE-Sofia) acquired 100 percent of IBEX in a deal worth EUR 2.6 million. Bulgarian Energy Exchange operates as a subsidiary of BSE-Sofia.

IBEX operates day-ahead power market while BSE-Sofia is the only functioning stock exchange in Bulgaria.

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

Project 81 MW solar park on coal mine in Montenegro

Project underway for 81 MW solar park on coal mine in Montenegro

24 July 2025 - The Government of Montenegro gave a provisional green light for a solar power plant of 81.1 MW in peak capacity on coal land in Pljevlja

croatia rp global novalja solar ebrd loan

RP Global gets EUR 12.2 million loan for Novalja solar project

24 July 2025 - In late April, Austrian company RP Global began the construction of the Novalja PV plant at the Zaglava site on the island of Pag

solarpower europe report 2025

EU faces first annual solar installation decline since 2015 – report

24 July 2025 - The EU is set to install less new solar in 2025 than it did in 2024 - the first annual drop in a decade, according to SolarPower Europe

Faria Renewables secures financing 49 9 MW battery project Greece

Faria Renewables secures financing for 49.9 MW battery project in Greece

24 July 2025 - Faria Renewables has signed a loan agreement with Attica Bank for the construction of a BESS facility in Greece