Products of various delivery periods depending on the segment on which they are offered are traded on the power exchange market for electricity. The power exchange market operator administrates two market segments on which short-term products are traded- with delivery period of one hour (Intraday and Day-ahead) and one market segment where long-term products are traded- delivery period from one day to one year (Bilateral contracts). All products traded are standardized and are listed in the Instruction Products Traded Specification.
The Intraday market segment offers products with a delivery period of 60 minutes as well as block products, the delivery of which comprises two or more consecutive hourly intervals. The segment operates 365/366 days a year via the continuous trading mechanism. The minimum price is -9999 €/MWh, and the maximum one is 9999 €/MWh. The Intraday market segment has been operating in the conditions of a market coupling (Single Intraday Coupling) since 19th November 2019.
The Day-ahead market segment offers products with a delivery period of 60 minutes. The segment operates 365/366 days a year via daily auction sessions. All periods for holding the auction sessions as well as the publication of results related to trading on the segment are in accordance with the requirements of the Single Day-ahead Coupling. The minimum price is – BGN 1000 /MWh or -500 €/MWh and the maximum one is BGN 8000 /MWh or 4000 €/MWh.
Bilateral contracts market segment offers long-term standardized products with a delivery period from one day to one year included. The load profiles that market participants can trade are baseload, peak (12 hours), peak (16 hours) and off-peak (12 hours). Trading is performed via Continuous trading screen, where the transactions are concluded via the Auto-matching and Click-trading mechanisms, and Auctions screens where the transactions are concluded via auction sessions initiated in accordance with с Instruction № 2 Auction initiation.