This site uses cookies to offer you a better browsing experience. Find out more on how we use cookies and how you can change your settings.

Nord Pool logo
Nord Pool logo
  • Trading
    • Join our markets
      • Contact us
      • Becoming a customer
      • Membership list
    • Operational messages
    • Day-ahead trading
      • Order types
      • Price calculation
      • Preliminary prices and exchange rates
      • Capacities
      • Ramping
      • Loss functionality
      • Curtailment, price thresholds and decoupling
    • Intraday trading
      • Order types
      • Capacities
    • Clearing
      • Settlement
      • Collateral
      • Trading Models
    • API
      • ISV partners
    • Rules and regulations
    • Market surveillance
      • Market Surveillance Newsletter
      • Expert reports
    • Intraday Auctions
    • Nordic Flow-Based Day-Ahead Market Coupling
      • Impact of Nordic Flow-Based on the Nordic System Price
      • System price results
    • Transition to 15-minute Market Time Unit (MTU)
      • FAQ
    • EPAD auctions
    • Euronext Nord Pool Power Futures
  • Services
    • Power Data Services
      • Day-Ahead Market Data
      • Aggregated Bidding Curves
      • Intraday Market Data
      • Intraday Hub2Hub
      • New Data Portal
      • Electricity retailers
      • Data Portal inquiry
      • Other products
      • FAQ
      • Inquire and Order
    • Compliance
      • REMIT UMM
      • REMIT transaction reporting service
      • REMIT Best Practice Report
    • Consulting
      • Recent projects
      • Key Stakeholders
      • Consultancy services
      • TSO Services
    • Nord Pool Academy
      • Course Portfolio
      • Nord Pool Certified Compliance Course 18 June 2025 – LIVE!
      • Nord Pool Certified Day-Ahead Trader Course
      • Customer Reviews
  • Media
    • Newsroom
      • Press releases
      • Newsletters
      • Market Surveillance Newsletters
      • TSO news
      • Whitepapers
      • Articles
      • Subscribe to Press releases
      • Subscribe to Updates
    • Events
      • On-demand webinars
      • Western & Central Europe - Intraday Continuous Webinar
    • Photos
    • Annual report
    • Media contacts
  • About us
    • Our business
    • Organisation
      • CEO
      • Strategy & Products
      • Operations, Risk, Clearing & Settlement and HR
      • Public Affairs, Communication & Marketing
      • Legal, Regulatory & Market Coupling Operation
      • Product Development & Innovation
      • Nordic, Baltic & UK​
      • Western & Central Europe
      • Board of Directors
    • Careers
    • History
    • Terms and conditions for use of website
    • Control cookies
    • ESG
      • Product offerings
      • The Norwegian Transparency Act
      • Social
      • Governance
  • Data portal
Newsroom
  • Press releases
  • Newsletters
  • Market Surveillance Newsletters
  • TSO news
  • Whitepapers
  • Articles
  • Subscribe to Press releases
  • Subscribe to Updates
Events
  • On-demand webinars
  • Western & Central Europe - Intraday Continuous Webinar
Photos
Annual report
Media contacts
Back to listings
22 April 2015 09:00

No. 17/2015 - IBEX and Nord Pool Spot announce development of Bulgarian power market

The Independent Bulgarian Energy Exchange (IBEX) and Nord Pool Spot today (Wednesday 22 April 2015) announced the signing of a Cooperation Agreement, aiming to prepare and facilitate the  implementation of the first competitive Bulgarian day-ahead power market that will be extended with an intraday market at a later stage.

IBEX is committed to develop a transparent and efficient Bulgarian power market and, thus, to enable a timely and reliable implementation of the EU Target model. In order to ensure the fulfillment of its goals and commitments and, in the same time, to deliver valuable service to the Bulgarian customers, IBEX nominated Nord Pool Spot for a partner to deliver trading systems as well as to operate the day-ahead market as a service provider.

The Bulgarian day-ahead market is planned to become operational by the end of Q4 2015.

- “The members of the IBEX team have been working for a strategic partnership for almost a year. We are very satisfied and inspired to create a reliable, liquid and non-discriminatory market in Bulgaria together with Nord Pool Spot. Finally, we will ensure the best possibilities for power trading to our potential domestic and international customers. We are extremely excited about this relationship with a major European power exchange” said Konstantin Konstantinov, CEO of IBEX.

- “We are very pleased to build this strategic alliance with IBEX in order to develop the Bulgarian power market. Nord Pool Spot has extensive experience delivering innovative solutions for European power trading and we want to continue to be at the very heart of developing future power markets,” added Mikael Lundin, CEO of Nord Pool Spot.

About IBEX
IBEX (Independent Bulgarian Energy Exchange) was established January 2014, as a fully-owned subsidiary of the Bulgarian Energy Holding EAD. IBEX holds a 10-year license (№ Л-422) by the State Energy and Water Regulatory Commission to organising a Power Exchange for electricity in Bulgaria. IBEX works to establish and develop a power day-ahead market for electricity in Bulgaria based on transparent and non-discriminatory principles.

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, 22 April 2015

For further information, please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (for press enquiries)


Previous message Next message

Choose quarter

{{ group.year }}

  • ({{ period.count }})
Nord Pool logo

    Nord Pool AS

    Tel. +47 6710 9100

    P.O. Box 121

    1325 Lysaker, Norway

Market Data

  • Day-ahead
  • Intraday
  • Power system data
  • Map

Trading

  • Join our markets
  • Operational messages
  • Day-ahead trading
  • Intraday trading
  • Clearing
  • API
  • Rules & regulations
  • Market surveillance
  • Customers have their say

Services

  • Premium Data Services
  • Compliance
  • Consulting
  • Nord Pool Academy
  • German mini-site
  • French mini-site

The Power Market

  • Day-ahead market
  • Intraday market
  • CACM regulation
  • Benchmark regulation - Nordic system price
  • Market members
  • Bidding areas

Social media

Quick links

  • UMM
  • Auction
  • Intraday Web
  • CASS
  • Intraday and GB Half Hourly auctions

Media

  • Press
  • Newsroom
  • Annual report
  • Download center

About us

  • Careers
  • Advisory board
  • History
  • Organisation
  • Corporate Compliance Policy
  • Control cookies

Contact us

  • Norway
  • Sweden
  • Finland
  • Estonia
  • UK
  • Germany

© Nord Pool 2020 | Imprint, Data Policy, Legal Notice, How We Treat Personal Data