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; last amended and supplemented SG 63/26 July 2024).
The terms and procedure for customer service of energy services users of IBEX EAD, including the procedure for filing complaints, signals and proposals by users, the terms for processing and responding to them, as well as the procedure for provision of information to users are stipulated in the Energy Service Customer Rules drafted pursuant to art. 38c, par. 1 of the Energy Act.
first steps
Initial requirements to the applicants
A license issued by the Energy and Water Regulatory Commission (EWRC), when a license is required for the operations of the trading participant.
Active status in the register of trading participants of Electricity System Operator EAD.
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.
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:
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.
Links
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
agreement FOR PARTICIPATION
Annex to the Agreement for participation
Self-billing agreement (for Day-ahead and Intraday market segments)
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.
Documents
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.
