Bronze Partner

IBEX EAD (Independent Bulgarian Energy Exchange) was established January 2014, as a fully-owned subsidiary of Bulgarian Energy Holding EAD. IBEX holds a 10-year license (№ Л-422-11) granted by the Energy and Water Regulatory Commission (EWRC) for organizing a Power Exchange for electricity in Bulgaria and in 2020 was nominated again by EWRC for a nominated electricity market operator (NEMO) in Bulgaria for a period of four years. IBEX works to establish and develop organised electricity market in Bulgaria based on transparent and non-discriminatory principles.

IBEX is a full member of SDAC (Single Day-ahead Coupling) and SIDC (Single Intraday Coupling), as well as an associated member of the PCR (Price Coupling of Regions), IBEX EAD has been a full member of the association of European energy exchanges EUROPEX since January 2016, a member of the All NEMO Committee and a member of APEx since 2019.

As of 15 February 2018, Bulgarian stock exchange AD is the sole owner of the shareholder’s capital of Independent Bulgarian Energy Exchange EAD.

The efforts of IBEX EAD are aimed entirely at providing a reliable, transparent and competitive electricity trading platforms to enable its more than 100 market participants (traders, consumers, generators and TSO/DSO companies) to enter into transactions through a variety of products.

For this purpose, IBEX offers access to different trading platforms and organised market segments for short-term to long- term products. The company currently operates three market segments- Day- ahead (launched on 19th January 2016), Intraday (launched on 12th April 2018) and Bilateral Contracts (launched on 24th October 2016, with its Auctions and Continuous trading screens). In terms of financial products, EEX AG in cooperation with IBEX offers Bulgarian power futures on its market as of June 2019. In October 2020 the company added yet another service to its portfolio- access to the IDM market segment via API (application programming interfaces).

In addition to developing the local wholesale market in its role of a power exchange operator, IBEX is part of several market coupling initiatives. In November 2019 through the border with Romania it joined the Single Intraday Coupling (SIDC) as part of the project’s second wave. The BG-GR border is expected to be integrated in Q4 2022. In the Day-ahead timeframe, Bulgaria was successfully coupled with Greece on 11.5.2021 and Romania on 27.10.2022.

apex

Contact

HRVATSKA BURZA ELEKTRIČNE ENERGIJE d.o.o. | CROATIAN POWER EXCHANGE Ltd. HR – 10000 Zagreb | Slavonska avenija 6/A T +385 1 5540 400 | E-mail apex@cropex.hr