site.btaBulgarian Electricity Trading Market Joins Single European Intraday Market
NW 15:45:31 20-11-2019
DD1543NW.117
117 ECONOMY-ELECTRICITY MARKET-EUROPEAN SINGLE INTRADAY MARKET
Bulgarian Electricity Trading Market
Joins Single European
Intraday Market
Sofia, November 20 (BTA) - The Bulgarian electricity trading market has joined the Single European Intraday Market, the Electricity System Operator (ESO) said in a press release on Wednesday.
ESO Executive Director Angelin Tsachev and Independent Bulgarian Energy Exchange (IBEX) Executive Director Konstantin Konstantinov signed an agreement regulating the two companies' commitments arising from the accession of the Bulgarian electricity market to the Single European Intraday Market Coupling. Energy and Water Regulatory Commission Chair Ivan Ivanov attended the signing ceremony.
The IBEX-operated intraday electricity trading market is joining the European market coupling across the Bulgarian-Romanian border. By the agreement, ESO and IBEX agree to cooperate in conducting implicit auctions for cross-border allocation of capacity and energy. ESO undertakes to coordinate interconnection exchanges for each delivery period with neighbouring transmission system operators.
November 20, 2019 is the day of the first electricity supply within the market integration. Interconnection capacity is also available, allowing trade with all other market areas that are part of the Single European Intraday Market. The accession of a second wave of seven countries (Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia) to the Single Intraday Coupling, by launching two local implementation projects (LIP 15 and LIP 16), extends the scope of uninterrupted electricity trade with the market zones of the countries involved. They join the 14 countries that acceded to the Single Intraday Coupling (SIDC) (formerly known as XBID) as the first wave: Belgium, Denmark, Germany, Estonia, Finland, France, Latvia, Lithuania, Norway, the Netherlands, Austria, Portugal, Sweden and Spain.
A third wave of intraday market coupling is expected by the end of 2020.
Bulgaria is to accede to the Single European Day-Ahead Electricity Market in the second half of 2020. RI/LG//
DD1543NW.117
117 ECONOMY-ELECTRICITY MARKET-EUROPEAN SINGLE INTRADAY MARKET
Bulgarian Electricity Trading Market
Joins Single European
Intraday Market
Sofia, November 20 (BTA) - The Bulgarian electricity trading market has joined the Single European Intraday Market, the Electricity System Operator (ESO) said in a press release on Wednesday.
ESO Executive Director Angelin Tsachev and Independent Bulgarian Energy Exchange (IBEX) Executive Director Konstantin Konstantinov signed an agreement regulating the two companies' commitments arising from the accession of the Bulgarian electricity market to the Single European Intraday Market Coupling. Energy and Water Regulatory Commission Chair Ivan Ivanov attended the signing ceremony.
The IBEX-operated intraday electricity trading market is joining the European market coupling across the Bulgarian-Romanian border. By the agreement, ESO and IBEX agree to cooperate in conducting implicit auctions for cross-border allocation of capacity and energy. ESO undertakes to coordinate interconnection exchanges for each delivery period with neighbouring transmission system operators.
November 20, 2019 is the day of the first electricity supply within the market integration. Interconnection capacity is also available, allowing trade with all other market areas that are part of the Single European Intraday Market. The accession of a second wave of seven countries (Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia) to the Single Intraday Coupling, by launching two local implementation projects (LIP 15 and LIP 16), extends the scope of uninterrupted electricity trade with the market zones of the countries involved. They join the 14 countries that acceded to the Single Intraday Coupling (SIDC) (formerly known as XBID) as the first wave: Belgium, Denmark, Germany, Estonia, Finland, France, Latvia, Lithuania, Norway, the Netherlands, Austria, Portugal, Sweden and Spain.
A third wave of intraday market coupling is expected by the end of 2020.
Bulgaria is to accede to the Single European Day-Ahead Electricity Market in the second half of 2020. RI/LG//
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