The power exchange operator set a new record in IDM traded volume for August

The traded volume on the Intraday market segment of Independent Bulgarian Energy Exchange (IBEX) set yet another record in 2023 reaching 204 942,6  MWh in August ( 5,3%  more than the previous record of 194 634,2 MWh in April).

Compared to the same period (January- August) last year, before the introduction of 15-min. MTU on the border with Romania and the go-live of the market coupling with Greece, the increase is more than twofold. There has been an increase not only in the traded volume but also in the share of transactions concluded via the algorithmic trading mechanism API. At the end of H2 2023 they reached 20% of all transactions concluded which points to the increasing importance of API trading for this market segment.