With the changes in the Rules for operation of the stock exchange, the obligation is introduced within three months, ie. until 19.09.2020 the trade participants to conclude a new contract with IBEX for participation on the stock market. Тhe new agreement for participation in the organized power exchange for electricity enables trading participants to register on all market segments operated by IBEX EAD. The agreement regulates the main rights and obligations of IBEX EAD and trading participants and provides an option both for registration on all market segments and for selection of a particular market segment for participation. Upon registration on a particular market segment trading participants have to fill in the data in the appendix to the agreement which is relevant to the respective market segment where they register for participation, and at a later stage an additional market segment can be added or participation in a market segment can be terminated by signing an annex attached to the agreement.
In this regard, with a view to updating the data required in connection with the registration on the power exchange market for electricity in accordance with the new rules, trading participants that have an effective Agreement for participation in the organized power exchange for electricity and/or an Agreement for participation in centralized market for purchase and sale of electricity through bilateral contracts, are required to submit an application for registration on organized power exchange for electricity where to list the market segments they are registered to participate in and where they wish to continue their participation. The Application for registration has been updated in accordance with the new Agreement for participation in the organized power exchange for electricity and is an integral part thereto.
More information is available at: http://www.ibex.bg/en/announcements/news/signing-of-new-agreement-for-participation-organized-power-exchange-and-scspe.html
As of 2nd July 2020, IBEX EAD introduces a change in the method for setting the required collateral for Intraday and Day-ahead market segments, whereby the day factor for calculation of the collateral is reduced from 3 to 2. The daily collateral is defined as the net position (the difference between purchases and sales in MWh) is multiplied by the risk indicator (83 EUR / MWh) and by the day factor (from 3 to 2 days).
Source: IBEX
