IBEX is testing а new electricity and GOs trading platform

Independent Bulgarian Energy Exchange (IBEX) is starting member tests of a new integrated platform for trading of electricity on Bilateral contracts market segment. The tests will take place from 13th May 2024 to 30th May 2024.

The project aims at building an integrated solution which is to expand the IBEX portfolio with new segments and services.

The new TRIP platform (Trading and Reporting IBEX Platform) allows for increased efficiency and flexibility of the operator in terms of administration of trading in electricity and other products related to the power market, at the same time guaranteeing the high level of market transparency and efficiency.

The platform developed by IBEX provides a fully automated and integrated solution for holding auctions for purchase and sale of long-term products along with the ancillary services of administration of the transactions. Guarantees of origin (GOs) will also be traded via the same platform, the testing and go-live of the additional screen being planned for the second half of 2024.

‘As a Nominated Electricity Market Operator, the main objective of IBEX has  been to always provide an integrated, accessible and quality service which ensures equality, transparency and meets market participants’ needs to the fullest extent possible. The new platform will provide all this- trading will be more secure, even more efficient and accessible via an integrated portal. A big advantage is also the flexibility of product settings and services configuration as well as the possibility for quick upgrades and in accordance with market needs’, said Mr. Konstantin Konstantinov, CEO of the power exchange.

On the first day of the new platform testing, 13th May 2024, IBEX will hold a webinar to demonstrate its functionalities and principles of operation.

Market participants will receive more information regarding participation in the tests and details about the webinar by the end of April.