In order Bulgaria to participate in the market coupling in European Union and Southeast Europe is necessary no additional fees and taxes on the import-export flows to be imposed. This was made clear by the presentation by Konstantin Konstantinov, Executive Director of Independent Bulgarian Energy Exchange (IBEX) - "IBEX involvement in market coupling between the countries in SEE region and its integration into the internal energy market", presented during the Seventh Regional Energy Conference in Sofia.
That way the price of electricity in Bulgaria would be comparable to those of the European Union (EU) and Southeast European markets. This is also one of the conditions for coupling of energy markets, which will contribute to the security of supply and will ensure that all consumers will be able to buy electricity at market prices.
The obligation to electricity markets integration in EU results from the European Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (CACM). However, the Regulation does not set specific deadlines for finalizing this process.
In the short term, the most realistic direction for coupling the Bulgarian electricity market is with the markets of Romania and Serbia. However, this is a solution that needs to be discussed at the state level after a wide public discussion, Konstantinov commented.
With regard to the future coupling with the Romanian market there is no agreement yet. However, this may change when the 4MMC regional group, in which Romania participates together with Slovakia, Hungary and the Czech Republic, takes steps to integrate with the MRC (Multi Regional Coupling), where BENEB is a full member since January 2016. This is expected to happen by the end of 2019.
From a technical point of view, coupling with Serbia's market zone will be possible when they meet the MRC requirements.
As a temporary solution for market coupling with the Macedonian market zone, the possibility of creating import/export zones is considered. The real market coupling, however, can only happen when Macedonia starts a "Day ahead" market, which can be expected in 2019.
Extension of Single Day-Ahead Coupling (SDAC) to Bulgaria – Go-live planned for 11 May 2021
The electricity market coupling with Romania - one step closer
Continuous trading screen, Bilateral contracts market segment
Amendments to the Power Exchange Operational Rules
The Day-ahead Joint Steering Committee (JSC) initiated an in-depth investigation of the partial decoupling on the 13th of January
The power exchange has set an absolute record of the traded volumes on DAM for December
Extension of Single Day-Ahead Coupling (SDAC) to Greece
The transmission and market operators of Bulgaria and North Macedonia signed a Memorandum for day ahead market coupling with horizon 2022
SIDC: Expansion of 30 and 15 minute products and Revised Local Implementation Project 14 Go-Live
Current status of the DE-AT-PL-4M MC (Interim Coupling) Project
Single Day-Ahead Coupling (SDAC) and the GB parties are preparing for the anticipated impacts of Brexit on implicit day-ahead market coupling
Independent Bulgarian Energy Exchange EAD has launched a service for access to IDM via API
Rafael Gómez-Elvira González is elected as the new Chairperson of the NEMO Committee
Publication of documents pursuant to Regulation № 2015/1222 (CACM) and ACER Decision № 04/2020
Day-ahead Market - Transparency, Liquidity, Trust
Signing of new Agreement for participation in the organized power exchange for electricity and new template of SCSPE
IBEX EAD reduces the day factor in setting the required collateral for the spot markets
19 June 2020 : New Power Exchange Operational Rules
COVID 19 outbreak - NEMOs and TSOs are safeguarding the Day-Ahead and Intraday market coupling
IBEX offers 50% discount for online trainings
SIDC: Record Months and Welcoming New Members
COVID-19: Europex members remain fully operational to support the orderly functioning of European energy markets
COVID-19: IBEX closely monitors the situation
IBEX reported all-time high traded DAM volume in January
Traded volume record on the day-ahead market in 2019
At the end of 2019 IBEX reports an absolute traded volume record on the Day ahead market
Amendments to the Customer Advisory Board Rulebook
New market participants on IBEX in October and November
SIDC confirms successful 2nd wave go-live
IBEX joined the European Single Intraday Coupling (SIDC)
Clarifications on active borders on 2nd wave Go-live date
Launch of the coupling of the Bulgarian electricity market with the European Single Intraday Market
SIDC confirms 2nd wave go-live date for November 2019
Changes to the IBEX Tariff
Single Day-Ahead Coupling (SDAC) is prepared for potential consequences of Brexit on implicit day-ahead market coupling
Three years CMBC with deals for BGN 3.5 billion
XBID 2nd wave pre-launch workshop in Prague
EEX AG and IBEX EAD organize on Oct 16 & 17 certification training in Bulgaria for power futures trading
CEZ a.s. is the newest market participant on IBEX
The NEMO Committee proposes amendments to the Algorithm Methodology and to the ID Product Methodology to support market coupling evolution
Planned dynamic tests in compliance with the Program for power increase of Nuclear Unit 5 of NPP Kozloduy
First trade in Bulgarian power futures
XBID – 1st anniversary and announcement of 2nd Wave Go-Live
The Day-ahead Joint Steering Committee has today initiated an in-depth investigation of the incident on the 7th of June
NEMO Committee announces launch of new website
Successful first year of the Bulgarian Intraday market
EEX introduces new products – Bulgarian Power Futures
Kick-off meeting for trilateral market coupling HR-RS-BG
Power Unit 2 of TPP Maritsa East 2 - Reserve
Amendments to the Operational Rules for Organized Power Exchange on the CMBC segment
IBEX team participated in a donation campaign
EEX and IBEX sign agreement on cooperation
Changes to the Intraday and Day Ahead Market Common and Individual Rules, in force from 12.11.2018
Transition from summer time (daylight saving time) to standard time on Sunday, 28 October 2018
IBEX EAD announces a reduction of the settlement fee applicable to the CMBC market segment as of 01.11.2018
Day Ahead market auction with delivery date 11 October 2018
Statement of the Independent Bulgarian Energy Exchange (IBEX) EAD related to the forthcoming EWRC investigation of market participants
Record in traded volume on the Intraday market
Record in traded volume on the Intraday market
Record in traded volume on the Intraday market
IBEX EAD is to sign Memorandum of Understanding with EPIAS
First deal concluded for a block product
IBEX successfully started the Intraday electricity market
Go-live of the Intraday market segment
IBEX hosted the first regular EUROPEX meeting for 2018
A stable trend for increase in the traded volumes is observed on the Day ahead market of IBEX
Bulgaria joins WB6 regional electricity market integration initiative - all neighbouring EU countries are now on board!
IBEX and Nord Pool to launch intraday market for Bulgaria
Workshop „Possibilities for integration of the Bulgarian and Macedonian Day Ahead Electricity Markets” held in Sofia
Representatives of IBEX and the Electricity Market Operator of Republic of Macedonia, division of MEPSO, had a bilateral meeting in Skopje
IBEX will expand its portfolio of services with implementation of a centralized market for bilateral contracts
IBEX announced that the first final industrial consumer of electricity is already among its members
IBEX became a EUROPEX member
Independent Bulgarian Energy Exchange is designated as nominated electricity market operator
First successful real trading session
Independent Bulgarian Energy Exchange has signed the first contract for participation in the organized power exchange
First bilateral meeting between Independent Bulgarian Exchange and Croatian Power Exchange