The Independent Bulgarian Energy Exchange (IBEX) and Nord Pool Spot, Europe’s leading power market, have today announced 19 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 between IBEX and Nord Pool Spot in April 2015.
After a period committed to develop a transparent and efficient Bulgarian power market, the go-live follows a successful end-to-end testing period during the last month. The day-ahead market will open Tuesday 19 January for delivery Wednesday 20 January 2016, and will represent the first open day-ahead power market in Bulgaria. The opening as well allows the IBEX day-ahead market to be operational as a part of the EU-wide Multi Regional Coupling (MRC).
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 380 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2014 the group had a total turnover of 501 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 6 January 2016
For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603