Adjustment to the risk indicator

Dear IBEX members,

Hereby, we would like to inform you that in line with current market conditions, Independent Bulgarian Energy Exchange EAD (IBEX EAD) has adjusted the value of the risk indicator (risk price) used in our margin model for the calculation of collateral calls on the day ahead and intraday market segments.

The new value of the risk indicator, as of 10/02/2023, is 250 euro. The value of the other risk parameter – the day factor, remains unchanged.

You could find the updated versions of Instruction No4 “Method for calculation of required collateral” and collateral call calculator on the IBEX website.

The adjustment implemented is in line with Art. 229, item 1 and 3 of the Power exchange operational rules.