IBEX has celebrated the anniversary at an online ceremony and honoured trading participants that have contributed to the development of this segment
Independent Bulgarian Energy Exchange (IBEX) has reported more than 5 times higher volume traded on the Day-ahead market compared to when it was launched in January 2016. The power exchange celebrated the 5th anniversary of the launch of the Day-ahead market at an online ceremony attended by Mr. Zhecho Stankov- deputy Minister of Energy and Mr. Plamen Mladenovski, head of Electricity generation and heat supply directorate at EWRC. Mr. Yulian Popov, Advisory council at the European Climate Foundation, presented his vision and the trends in the development of the energy sector in Europe.
At the event IBEX honoured trading participants that have contributed to the development of this market in four categories: Generator- Kozloduy NPP, Trader- Energo-pro Energy Services, Consumer: Stomana Industry and Innovation- AES Geo Energy.
‘The good results come as a result of the efforts of all trading participants and institutions involved in the liberalization process and coupling of the electricity markets in the European Union. The market coupling with Greece and Romania with planned go-live in April and August respectively is of strategic importance for us. We work on their successful implementation together with ESO.’ Mr. Konstantnin Konstantinov, CEO of IBEX said.
The huge importance of the Day-ahead market segment is evidenced by the sharp increase in the share of traded volumes on this market segment in relation to the total consumption in Bulgaria. For the past five years the number of registered participants on the Day-ahead market has increased from 17 to 80. The price levels reached on the segment are comparable to those in the region and provide the most representative information about the state of our electricity market. The Day-ahead market has established itself as the most preferred segment by trading participants and sets a record traded volume almost every month.