IBEX (Independent Bulgarian Energy Exchange) was established January 2014, as a fully-owned subsidiary of the Bulgarian Energy Holding EAD. IBEX holds a 10-year license (№ Л-422-11) by the Energy and Water Regulatory Commission for organizing a Power Exchange for electricity in Bulgaria. IBEX works to establish and develop organised electricity market in Bulgaria based on transparent and non-discriminatory principles.
IBEX is a full member of the MRC (Multi-Regional Coupling), as well as an associated member of the PCR (Price Coupling of Regions). Since January 2016, IBEX EAD has been a full member of the association of European energy exchanges EUROPEX.
As of 15 February 2018 Bulgarian stock exchange AD is the sole owner of the shareholder’s capital of Independent Bulgarian Energy Exchange (IBEX) EAD.
The efforts of IBEX EAD are aimed entirely at providing a reliable, transparent and competitive electricity trading platforms to enable market participants to enter into transactions through a variety of products.
For this purpose, IBEX offers access to different trading platforms and organised market segments for short-term to long term products as Day ahead market and Auctions, Continuous trading and Hourly products screens part of Bilateral Contracts (BC).
Starting from 2018 Q1 IBEX EAD added to its portfolio the shortest-term segment with a physical delivery Intraday. In future, IBEX EAD intends to expand its portfolio of products by adding to its market segments organised market for natural gas trading.