Bulgarian government to subsidize electricity price for industrial consumers
Prices have increased 72% from the beginning of the year, and today the price on the day-ahead market is at EUR 133 per MWh.
IBEX expects day-ahead market coupling with Greece, Romania this year
The coupling of Bulgaria’s day-ahead electricity market with those in Greece and Romania is expected this year, according to the Independent Bulgarian Energy Exchange (IBEX).
Bulgaria, Croatia, Romania, Slovenia link intraday markets with 14 EU countries via SIDC project
In the second wave of the European Single Intraday Coupling (SIDC, formerly XBID) project, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania and Slovenia have successfully linked intraday markets with fourteen countries active in operational work since June 2018. The second wave will enable continuous cross-border trading of electricity in the intraday timeframe across seven countries […]
First trades in Slovenian, Bulgarian power futures registered
The European Energy Exchange (EEX) has registered the first trade in Slovenian power futures, as well as the first trade in Bulgarian power futures, according to news releases from BSP SouthPool Energy Exchange, the Slovenian power exchange, and the Independent Bulgarian Energy Exchange (IBEX). The EEX launched Slovenian, Bulgarian, and Serbian power futures on June […]
Bulgaria: the drive for full liberalization of the energy market and the upcoming changes
Authors: Dimitar Zwiatkow (Partner), Maria Harizanova (Associate), at Pavlov and Partners Law Firm in cooperation with CMS Reich-Rohrwig Hainz Rechtsanwälte GmbH The electricity market in Bulgaria is undergoing certain major changes, including the introduction of new rules for renewable energy producers, the abolition of the electricity export tariff, and market coupling projects, which will also affect the […]
EEX to introduce Bulgarian, Slovenian, Serbia power futures on June 3
On June 3, the European Energy Exchange (EEX) will expand its product range on the derivatives market with new power futures for the Bulgaria, Slovenia and Serbia market areas, EEX said on its website. Clearing and settlement of the new products will be carried out by European Commodity Clearing (ECC). The listing of the new […]
Kick-off meeting held for Croatia-Serbia-Bulgaria market coupling project
The kick-off meeting for the initiation of a trilateral power market coupling project between Croatia, Serbia, and Bulgaria (HR-RS-BG) was successfully held on February 13 in Belgrade, the South East European Power Exchange (SEEPEX) said on its website. The meeting was attended by all main stakeholders – transmission system operators (TSOs) HOPS, EMS, and ESO, […]
Massive hike in electricity prices prompts state measures in Bulgaria
Three subsidiaries of state-owned power utility Bulgarian Energy Holding EAD (BEH) will provide an additional amount of electricity on the day-ahead market (DAM) of the Independent Bulgarian Energy Exchange (IBEX) in order to stabilize the market. According to local media, the DAM prices increased 50% in December 2018 compared to December 2017, skyrocketing 200% year-on-year in […]