ATEB – Association of traders with electricity in Bulgaria

IBEX is establishing Customer Advisory Board

On 15.07.2016 Independent Bulgarian Energy Exchange (IBEX) initiated a procedure of selecting members of the Customer Advisory Board (The Board). In accordance with decision of the Board of Directors of IBEX EAD as of 13 June 2016, a Customer Advisory Board shall be established...

18.07.2016

NEC pays 550 million euros for the lost arbitrage for NPP Belene

During a special press conference the energy minister Temenujka Petkova informed that the National Electric Company (NEC) has to pay 550 million euros to the Russian company Atomenergoeksport for the lost arbitrage regarding the canceled Bulgarian project NPP Belene. The lawsuit...

20.06.2016

Change in the disconnection periods of interconnection OHL 400kV Martisa East (BG) – Hamitabat (TR)

According to the request from Turkey transmission system operator (TEIAS), overhead line (OHL) 400kV Maritsa East 3 (BG) – Hamitabat (TR) line 1 will be disconnected on the dates 05 June, 12 June, 10 July and 31 July 2016г. and OHL 400kV Maritsa East 3 (BG) – Hamitabat (TR) line...

27.05.2016

IBEX adopted amendments to the current set of rules

The Independent Bulgarian Energy Exchange (IBEX) adopted amendments to the current set of rules as follows: 1. The Operational Rules for Organized Power Exchange (OROPX). 2. The Settlement Rules (SR). The amendments to the OROPX affect: 1. The Registration Procedure – Article 23...

18.05.2016

Bulgarian Energy Holding obtained EUR 650 M loan and paid AES Galabovo

After nearly five months of negotiations, the state-run Bulgarian Energy Holding (BEH) managed to obtain a EUR 650 million loan to cover some of its debts to energy companies. The bridge financing will be used to cover the running debt of BEH subsidiary – the National Electricity...

29.04.2016

Platform for bilateral contracts on IBEX

Idependent Bulgarian Energy Exchange announced that Trayport’s GlobalVision Trading System has been selected as an electronic trading platform for the organization of a centralized market for bilateral contracts in the Bulgarian power market. IBEX is committed to develop a...

24.03.2016

EC report on the progress and challenges in the Bulgarian energy sector

The European Commission (EC) published on 26.02.2016 the Country report for Bulgaria which includes an in-depth review on the prevention and correction of macroeconomic imbalances. The report follows the development of the country in regard of the specific recommendations from...

11.03.2016

Volatile prices on IBEX during the first week

After one week of operation of the Bulgarian day-ahead market, it is noticeable that the settlement prices on the Bulgarian power exchange IBEX are very volatile, however they have started to normalise in the last few days, said Martin Georgiev, Chairman of ATEB. Nevertheless,...

28.01.2016

European investment project portal

The European commission has developed an ambitious plan for supporting the investments in EU through the establishment of European fund for strategic investments (EFSI), European investment advisory hub (EIAH) and European investment project portal (EIPP). At the moment the...

25.01.2016

IBEX launches the Bulgarian day-ahead market on 19 January

The Independent Bulgarian Energy Exchange (IBEX) and Nord Pool Spot have announced 19th of January 2016 as the go-live date for the IBEX day-ahead market. Cooperation and implementation agreements to implement and test systems for establishing the day-ahead market were signed...

06.01.2016

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