Nord Pool, the leading European power market, and Bulgarian power exchange IBEX, have announced the renewal of their long-standing partnership, with the signing of a five-year extension to their existing agreement.
This milestone marks a decade of close collaboration; Nord Pool having provided to IBEX a broad range of power market expertise and trading platforms.
Since the start of their partnership in 2014, both companies have consistently demonstrated a strong dedication to delivering efficient cross-border power trading for Bulgaria. This has included Nord Pool providing high-quality trading and customer service solutions, leading to the successful implementation and operation by IBEX of day-ahead, intraday continuous and intraday auction markets.
The extension of the agreement with IBEX reaffirms the confidence of both parties in continuing to work together towards effective power trading and operational efficiency, while providing a strong foundation for future progress.
Tom Darell, CEO of Nord Pool, a Euronext company, said: “Reaffirming our commitment to working alongside IBEX is truly a testament to our strong 10-year partnership; delivering the expertise and experience required to ensure modern, simple, efficient and secure cross-border European power trading.
“We are delighted to continue this relationship with IBEX and look forward to achieving even greater success in the years to come.” Speaking at the agreement’s signing, Konstantin Konstantinov, then CEO of IBEX, added: “Our collaboration with Nord Pool has been instrumental in driving efficiency and innovation in our operations. Over the past decade, we have built a solid foundation of trust and shared success, which we look forward to continuing.”