IBEX - Independent Bulgarian Energy Exchange

IBEX, the Independent Bulgarian Energy Exchange, was established in January 2014, as a fully-owned subsidiary of the Bulgarian Energy Holding EAD and holds a 10-year license (â„– Đ›-422-11) from the Bulgarian Energy and Water Regulatory Commission to organise a Power Exchange for electricity in Bulgaria. IBEX operates the electricity 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 the MRC (Multi-Regional Coupling) project, 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 four members, including the company’s CEO.
IBEX intraday market joins the Single Intraday Coupling (SIDC) project (former XBID)
Intraday market started as a serviced power exchange, with Nord Pool providing the trading platform
The bilateral contracts market segment started for long-term products, trading via auctions and continuous trading on a Trayport platform
IBEX EAD joins Europex
The day-ahead market launched as a serviced power exchange with Nord Pool providing the trading platform
IBEX established
Facts & Figures
Headquarters
Bulgaria
1527 Sofia
138 Vasil Levski Blvd.
Date of foundation
January 2014
CEO
Konstantin Konstantinov
Number of employees (2020)
16
Traded commodities and traded volumes in 2020
Day-ahead market: 15,453,394 MWh
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Bilateral contracts: 7,711,977 MWh
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Intraday market: 904,014 MWh
Europex GA member
Konstantin Konstantinov
CEO

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General contact details
IBEX
Independent Bulgarian Energy Exchange EAD
Bulgaria
1527 Sofia
138 Vasil Levski Blvd.