The Energy and Water Regulatory Commission proposed amendments to the operational rules of the power exchange. The main contributor to the project is the Independent Bulgarian Energy Exchange (IBEX). According to the EWRC and IBEX, the changes in the rules are necessary due to the upcoming market coupling on the Bulgarian-Greek border. However, several other changes not related to the market coupling are also part of the amendments.
The texts related to delivery intervals is amended. So far, clearing prices and volumes are calculated for one delivery interval. From now on, in market coupling mode, there will be the possibility of one or more delivery intervals. Detailed procedures are provided in the event of unforeseen market unbundling. The possibility for prices with up to two decimal places is integrated, unlike the current situation, where only one decimal is possible.
And another change – the possibility to cancel a deal is removed, because this will not be technically feasible in a market coupling mode.
The rules have not yet been published in the State Gazette, but the draft rules together with the table of comments and the report prepared by the EWRC’s working group are available at: