In February 2026, the Independent Bulgarian Energy Exchange (IBEX) recorded a total of 2,668,112.2 MWh traded on its day-ahead market. This figure represents a 7% decrease from January’s trading volumes, although it is noteworthy that the average daily traded volume stood at 96,004 MWh. Year-over-year comparisons reveal a positive trend, with February’s figures showing a 3.9% increase compared to the same month in 2025.
The price dynamics on the day-ahead market reflected significant declines during this period. The average baseload price dropped to 99.57 euros/MWh, indicating a substantial 33% decline from January’s average of 148.55 euros/MWh. Additionally, the average peak price also experienced a reduction, falling to 103.52 euros/MWh, which is down by 40% from the previous month. The number of participants remained unchanged at 150, consistent with January’s figures.
<pMeanwhile, activity on the intraday continuous market mirrored this downward trend, with a total of 552,646.1 MWh traded in February, reflecting a 17% decline from January levels. The average weighted price for intraday transactions fell sharply to 92.53 euros/MWh, representing a significant decrease of 41%.
<pThese developments highlight ongoing fluctuations in Bulgaria's electricity market and could have implications for trading strategies and regulatory considerations as stakeholders adapt to changing conditions in both day-ahead and intraday trading environments.
