Independent Bulgarian Energy Exchange
|Headquarters:||19 Kniaz Aleksandar Dondukov Blvd., 1000 Sofia, Bulgaria|
|Date of foundation:||January 2014|
|Traded commodities and traded volumes in 2016:||Day-ahead market: 2 515 807.7 MWh|
CMBC: 570 053.00 MWh
|Current number of employees (January 2017):||14|
|Annual report(s):||IBEX 2016 Monthly Reports|
IBEX was established in January 2014 as a fully-owned subsidiary of the Bulgarian Energy Holding EAD and holds a 10-year license (№ Л-422) by the Energy and Water Regulatory Commission to organise the Power Exchange for electricity in Bulgaria. IBEX signed a Service Agreement with Nord Pool AS on 21 April 2015 based on a thorough selection procedure and started its actual activity on 19 January 2016 – operating on the Bulgarian day-ahead market. Additionally, IBEX intents to organise a centralised market for long-term bilateral contracts in Bulgaria beginning starting from July 2016.
IBEX’s governance structure is represented by a Management Board consisting of three members, including the company’s CEO.