IBEX, the Independent Bulgarian Energy Exchange, was established in January 2014, as a fully-owned subsidiary of the Bulgarian Energy Holding EAD. The company holds a 10-year license (№ Л-422-11, extended for another 10-year period in May 2023) from the Bulgarian Energy and Water Regulatory Commission to organise a Power Exchange for electricity in Bulgaria. IBEX operates the electricity exchange market in Bulgaria based on the principles of transparency and non-discrimination. The efforts of IBEX are focused on providing a reliable, transparent and competitive electricity trading platform to enable market participants to enter into transactions through a variety of organised market products.

IBEX is a full member of Single Day-ahead Coupling (SDAC) and Single Intraday Coupling (SIDC), as well as an associate member of the PCR (Price Coupling of Regions) project. As of 15 February 2018, the Bulgarian stock exchange AD is the sole owner of the shareholder’s capital of the Independent Bulgarian Energy Exchange (IBEX) EAD. IBEX’ governance structure is represented by a Management Board consisting of up to four members, including the company’s CEO.