Independent Bulgarian Energy Exchange (IBEX) is announcing to all trading participants and interested parties that a new load profile which could be traded on the Auctions screen, part of Bilateral contracts market segment, is planned.
With effect from 01 July 2021, all producers of electricity from renewable energy sources with capacity equal or bigger than 500 KW shall sell it on the organized power exchange in accordance with the Energy Law amendments published in State Gazette 9/2.2.2021. At the same time, with effect from 01 July 2021, an essential part of all legal entities, registered in Bulgaria, is expected to start purchasing electricity for their own consumption in reference to the Energy Law amendments published in State Gazette 57/26.6.2020.
The aforementioned factors determine the new load profile implementation which is to meet the needs of producers and consumers of electricity. Upon a proposal by trading participants and following the expected market situation changes, the power exchange operator will work for integration of a daily eight-hour profile which will comprise eight consecutive intervals/hours of delivery in the time period from 08:00 to 16:00 (Central European Time). The same profile will be traded in the approved standardized delivery periods (week, month, quarter, half year and year) on the Auctions screen, which is part of Bilateral contracts market segment.