Bulgaria: IBEX designated as NEMO for further four years

The Bulgarian Independent Energy Exchange (IBEX) announced that it has been designated by the Commission for Energy and Water Regulation (KEVR) as nominated electricity market operator (NEMO) for a further four years. The decision taken in the second half of January 2020 follows the request of IBEX submitted in December 2019. In accordance with Commission Regulation (EU) 2015/1222 of 24 July 2015 establishing a guideline on capacity allocation and congestion management (CACM) the nominated electricity market operator shall be appointed to perform the single day-ahead and/or single intraday coupling.
IBEX has started electricity trading on 19 January 2016 as a wholly-owned subsidiary of Bulgarian Energy Holding (BEH). The energy exchange was developed in partnership with Nord Pool Spot. The Centralized Market through Bilateral Contracts (CBMC) on IBEX has been launched in October 2016, while intraday trading was introduced in April 2018. In February 2018, the Bulgarian Stock Exchange (BSA) has acquired 100 % of the capital of IBEX for some 2.6 million euros.