Independent Bulgarian Energy Exchange EAD (IBEX) and Nord Pool announced on 1st of March the signing of an agreement to create the first competitive and transparent Bulgarian intraday power market.
Nord Pool was the company selected to provide the platform for day-ahead market on IBEX, which was officially launched at the beginning of 2016. At the moment IBEX and Nord Pool are planning to complete intraday market implementation in Q4 of 2017, the exact date for go-live will be announced on a later stage.
Mikael Lundin, CEO of Nord Pool, added: “We are delighted to have been chosen to deliver our modern platforms for IBEX and to assist Bulgaria in the country’s pursuit of modern, transparent, and secure power trading markets. We will continue to build on our previous excellent experience working with IBEX to deliver the intraday platform that Bulgaria needs and to strengthen our mutual cooperation.”
The successful launch of a continuous trading market “intraday market” is a necessary precondition for Bulgaria’s power market to join XBID, the common European cross-border intraday coupling project.
Source: IBEX