Statement of the Independent Bulgarian Energy Exchange (IBEX) EAD related to the forthcoming EWRC investigation of market participants

The Independent Bulgarian Energy Exchange became aware through the media that an investigation of market participants will be conducted by the Energy and Water Regulatory Commission (EWRC). We would like to state that IBEX will fully collaborate with the Regulator, as we do at all times. It is important to state that from the public information that we possess it has become clear that the investigation will be aimed at market transactions and market participants’ behaviour. Therefore, in accordance to the market monitoring activities that IBEX is constantly performing, as any other power exchange in the world, we would like to announce that on September 14, 2018 IBEX has initiated an investigation procedure. After an analysis of the collected information, the later was sent officially to the EWRC.
Konstantin Konstantinov
Independent Bulgarian Energy Exchange EAD