On 23th of November 2015, IBEX successfully became an associate member of Price Coupling of Regions (PCR) initiative. This is an important step that IBEX took toward the implementation of the PCR algorithm (EUPHEMIA) for day-ahead market operations, as well as a main prerequisite for the future integration of the Bulgarian electricity market with the neighboring markets.
Price Coupling of Regions (PCR) is an initiative of seven European Power Exchanges (APX, Belpex, EPEX SPOT, GME, Nord Pool Spot, OMIE and OTE) started in 2009, which aims to develop a single price coupling solution for electricity price calculations across Europe.
