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

montenegro italy admir sahmanovic subsea cable solar wind

4 GW of solar, wind projects in pipeline in Montenegro – minister

04 April 2025 - Speaking at the Economic Dialogue Montenegro-Italy round table, minister Admir Šahmanović called for stronger cooperation between the two countries

Share coal power Finland nearly zero cogeneration plant shuts down

Share of coal power in Finland nearly zero as cogeneration plant shuts down

03 April 2025 - The now closed Salmisaari coal plant accounted for just 0.8% of the electricity mix in Finland together with three remaining ones

solar nuclear power prices europe eurelectric

Solar, nuclear lower Europe’s power prices by 30% in March

03 April 2025 - Solar broke a record in power generation in March for the third consecutive month, making up more than 10% of Europe’s electricity mix, Eurelectric said

PPC announces 5.8 billion plan for Western Macedonia, focused on photovoltaics, storage and data centers

PPC plans EUR 5.8 billion makeover of Western Macedonia coal region, including data centers

03 April 2025 - PPC presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece