The REMIT data reporting services are charged according to the IBEX charges schedule below:
Trading on IBEX market segments is governed by the Power Exchange Operational Rules (PEOR).
Market Surveillance Department monitors the IBEX market segments and checks that members comply with IBEX Market Rules and the Code of Conduct. The work is carried out with market indicators and if necessary completed by investigations. In case of a suspected breach of market rules, Market Surveillance Department is entitled to request information from the exchange members, including documents and the beneficiary of a transaction. The Market Surveillance acts as a central point of contact that cooperates with the regulatory authorities.
If you have questions or you would like to notify irregular market behaviour, please don’t hesitate to contact us at: email@example.com
All correspondence will be handled confidentially.
Reporting transactions concluded on organized market
In accordance with art. 6, paragraph 1 of Implementing Regulation 1348/2014 implementing article 8, paragraphs 2 and 6 of REMIT, market participants shall report to the Agency for Cooperation of Energy Regulators (ACER) details of transactions with wholesale energy products executed at organised market places including matched and unmatched orders through the organised market place concerned, or through trade matching or trade reporting systems. The obligation referred to above has been effective since 07.10.2015.
Upon request by the market participant, the organized market where the transaction for a certain wholesale energy product has been concluded or the order has been placed shall offer a data reporting agreement.
Independent Bulgarian Energy Exchange EAD (IBEX) holds the license for organizing a power exchange market for electricity in the Republic of Bulgaria. Pursuant to REMIT, in its capacity of an organized market, IBEX is under an obligation, upon a request by the power exchange market participants, to conclude a data reporting agreement in accordance with art. 8, par. 1 REMIT. When IBEX provides this information, this shall be considered as compliance with the obligation of the participant pursuant to art. 8, par. 1 REMIT.
Data reporting for contracts concluded outside the Organised Market Places
In accordance to Article 8 (1) of Regulation No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency (REMIT), all market participants or third parties acting on their behalf shall report details of the transactions they concluded with wholesale energy products to ACER, including orders to trade.
In order to implement Article 8(2) and Article 8(6) of REMIT, Commission Implementing Regulation (EU) No 1348/2014 of 17 December 2014 was adopted. This Regulation gives exact information about the particular details of reporting information on wholesale energy products that are subject to reporting, the appropriate reporting channels for transactions and the timing of reporting of transactions.
In accordance to Article 12 of the Commission Implementing Regulation the obligation for transaction reporting is divided into two phases. Phase one has started on 7 October 2015 and it covers the reporting of trades taking place on the organized energy markets, and phase two, starting on 7 April 2016 that covers the reporting of all other transactions.
According to Article 6 of the Commission Implementing Regulation, the market participants or third parties acting on their behalf are obliged to report detailed data of the contracts for wholesale energy products, concluded outside the organized energy markets as described in Article 3 of REMIT.
Contracts, subject to reporting, in relation to the supply of electricity