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 (№ Л-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.

19 November 2019

IBEX intraday market joins the Single Intraday Coupling (SIDC) project (former XBID)

11 April 2018

Intraday market started as a serviced power exchange, with Nord Pool providing the trading platform

24 October 2016

The bilateral contracts market segment started for long-term products, trading via auctions and continuous trading on a Trayport platform

January 2016

IBEX EAD joins Europex

19 January 2016

The day-ahead market launched as a serviced power exchange with Nord Pool providing the trading platform

January 2014

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

Annual report(s)

Website

Traded commodities and traded volumes in 2020

Day-ahead market: 15,453,394 MWh

 

Bilateral contracts: 7,711,977 MWh

 

Intraday market: 904,014 MWh

Europex GA member

Konstantin Konstantinov

CEO

Europex contact person

Ekaterina Popovska

Regulatory Affairs Manager

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General contact details

IBEX

Independent Bulgarian Energy Exchange EAD
Bulgaria
1527 Sofia
138 Vasil Levski Blvd.