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Admission of
Exchange
Members

The registration procedure is stipulated in the chapter Registration of The Power Exchange Operational Rules (Promulg. SG 55/19 June 2020)

first steps

Initial requirements to the applicants

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EWRC License

A license issued by the Energy and Water Regulatory Commission (EWRC), when a license is required for the operations of the trading participant.

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Active Status

Active status in the register of trading participants of Electricity System Operator EAD.

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ACER Code

ACER code, issued in accordance with Regulation (EU) No 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency.

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next steps

Registration Procedure

You would like to register on the power exchange market ? It is necessary to follow the steps listed below, which represent the registration procedure:

one

Submission of a registration application.

Send a filled-in Application for registration, the application enables the applicant to choose a market segment/s where to apply for participation and is an integral part of the Agreement for participation in the organized power exchange market for electricity.

Documents
Where To Submit

Concluding an Agreement for participation in the power exchange market for electricity

After acceptance, IBEX EAD shall send an agreement to the applicant for participation in the organized power exchange market for electricity. In the event that the trading participant is already registered on a market segment, the trading participant and IBEX EAD shall conclude an Annex.

Documents

Providing collateral in accordance with PEOR and IBEX EAD Tariff.

Within 15 days of singing the agreement for participation in the organized power exchange market for electricity the trading participant shall have to provide to the Operator minimum collateral in accordance with chapter Settlement rules from the Power Exchange Operational Rules.

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Payment of the applicable prices in accordance with IBEX EAD Tariff

Within 15 days of signing the agreement for participation in the organized power exchange market for electricity, the trading participant shall have to pay the applicable prices in accordance with the Power Exchange Operational Rules and IBEX EAD Tariff.

Obtaining a certificate for successfully completed training

The persons responsible for training nominated by the trading participant in the agreement for participation in the organized power exchange market for electricity shall have to pass a training course for introduction to the Power Exchange Operational Rules and for operation with the electronic trading systems (ETS). The trading participant shall have to pay a training fee in accordance with the IBEX EAD Tariff. The training is held in accordance with Instruction № 1 Training.

Documents

Provision of access

After the trading participant has completed the steps listed above, the operator shall provide access to the respective electronic trading and settlement systems to the persons responsible for trading and the persons responsible for settlement.