Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsBulgaria: Market coupling...

Bulgaria: Market coupling with Greece

Independent Bulgarian Energy Exchange (IBEX) CEO Konstantin Konstatinov said that the positive effects from the coupling with Greece are expected to grow. IBEX hosted a strategic workshop dedicated to the upcoming day-ahead market coupling with Greece. The workshop aimed at providing more information on the operation of the market once the coupling goes live as well as preparing market participants for the upcoming tests.

The Bulgarian electricity market will become completely integrated with the European one, and Bulgarian electricity consumers, producers and traders will be able to obtain the maximum benefits which the coupling brings, namely: automatic access in real time to bid and ask orders of market participants from all EU member states.

The leading experts from IBEX, Nikola Gabrovski and Todor Marinov, informed the participants of the workshop about the nature and development of the say-ahead market coupling project with Greece. The relevant procedures, including the back-up ones, based on which the market coupling operates were presented. The participants were provided the opportunity to discuss the details from various perspectives in a separate panel after the presentations. Expectations are that via the integration on the border with Greece market concentration will decrease, especially of supply in Bulgaria which in turn will promote competition and will dispel the doubts about exercising market power in price calculation. Bulgaria is planned to join the Single Day-ahead Coupling on 11 May 2021 (with a first delivery day 12 May) following a positive confirmation after completion of all tests and obtaining the respective approvals by the Bulgarian and Greek regulatory authorities.

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!