IBEX will organize a Guarantees of origin market

In an extraordinary issue of the State Gazette (issue 11 from 02.02.2023) a Law on Amendment and Supplement to the Energy act was promulgated; it sets out the obligation of the license holder for organizing a power exchange in Bulgaria to organize an exchange market of guarantees of origin.

„In view of the growing drive of the European companies to reduce its carbon footprint, guarantees of origin are becoming a popular tool to promote the production and consumption of RES energy while guaranteeing its origin“, said Konstantin Konstantinov, CEO of IBEX.

At the moment, IBEX is the only licensed exchange operator of electricity in the country, and in this sense it can guarantee the concluded transactions and create a new market segment in accordance with international standards.

IBEX has already taken steps towards implementing a trading platform for the new product. The creation of an objective, transparent and effectively functioning market for guarantees of origin is one of the IBEX priorities for the current year.