IBEX and Nord Pool Spot announce development of Bulgarian power market
The Independent Bulgarian Energy Exchange (IBEX) and Nord Pool Spot today (Wednesday 22 April 2015) announced the signing of a Cooperation Agreement, aiming to prepare and facilitate the implementation of the first competitive Bulgarian day-ahead power market that will be extended with an intraday market at a later stage
22.07.2015 10:20
News
The Independent Bulgarian Energy Exchange (IBEX) and Nord Pool Spot today (Wednesday 22 April 2015) announced the signing of a Cooperation Agreement, aiming to prepare and facilitate the implementation of the first competitive Bulgarian day-ahead power market that will be extended with an intraday market at a later stage.
Signing of the Cooperation Agreement is a result of one year process of negotiations and is a significant step in the implementation of power exchange in Bulgaria.
IBEX is committed to develop a transparent and efficient Bulgarian power market and, thus, to enable a timely and reliable implementation of the EU Target model. In order to ensure the fulfillment of its goals and commitments and, in the same time, to deliver valuable service to the Bulgarian customers, IBEX nominated Nord Pool Spot for a partner to deliver trading systems as well as to operate the day-ahead market as a service provider.
The Bulgarian day-ahead market is planned to become operational by the end of Q4 2015.
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