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. 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.
The Greek-Bulgarian border integrated in SIDC
Inclusion of the Bulgarian-Romanian border in SDAC
Extension of SDAC to Bulgaria via the Bulgarian-Greek border
IBEX intraday market joins the Single Intraday Coupling (SIDC) project (former XBID) via the Bulgarian-Romanian border
Bulgarian power futures introduced on EEX in cooperation with IBEX
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 (2023)
30
Traded commodities and traded volumes in 2022
Day-ahead market: 27,924,996 MWh
Bilateral contracts: 8,273,800 MWh
Intraday market: 1,187,796 MWh
Europex GA member
Konstantin Konstantinov
CEO
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More InformationGeneral contact details
IBEX
Independent Bulgarian Energy Exchange EAD
Bulgaria
1527 Sofia
138 Vasil Levski Blvd.