{"id":8201,"date":"2017-02-17T08:09:26","date_gmt":"2017-02-17T08:09:26","guid":{"rendered":"https:\/\/emi-bg.com\/%d0%bf%d0%b0%d0%b7%d0%b0%d1%80-%d0%b4%d0%b5%d0%bd-%d0%bd%d0%b0%d0%bf%d1%80%d0%b5%d0%b4-%d0%b3%d0%be%d0%b4%d0%b8%d0%bd%d0%b0-%d0%bd%d0%b0%d0%bf%d1%80%d0%b5%d0%b4-%d0%b8-%d0%bd%d0%b0%d0%b7%d0%b0%d0%b4\/"},"modified":"2021-08-12T08:20:18","modified_gmt":"2021-08-12T08:20:18","slug":"day-ahead-market-an-year-back-and-ahead","status":"publish","type":"post","link":"https:\/\/www.emi-bg.com\/en\/day-ahead-market-an-year-back-and-ahead\/","title":{"rendered":"Day-ahead market – an year back and ahead"},"content":{"rendered":"

BG Day-ahead market-\u00a0one year back<\/strong><\/p>\n

Undoubtedly,\u00a0the introduction of a Day\u2013ahead market was the most significant event of the Bulgarian electricity in 2016.\u00a0 The first trading day was January 19th, 2016, a week later, on January 26th, 2016, the Independent Bulgarian Electricity exchange (IBEX) was appointed by the Commission on Energy and Water Regulation (CEWR) for a nominated market operator at the electricity market.<\/p>\n

IBEX started work with one market segment \u2013 a Day-ahead market. The second segment \u2013 a Centralized market of bilateral contracts was launched 10 months later \u2013on October 25th, 2016.<\/p>\n

Participants<\/strong><\/p>\n

Within a year the registered participants on the DAM reached 48 or almost 3 times more than the beginning. Buyers of energy are 40 traders and coordinators of balancing groups and 4 large energy consumers \u2013Stomana Industry AD, Leyaro Kovashki Mashinostroitelen Complex, Zlatna Panega Cement and Mini Maritza Iztok which directly buy electricity for own consumption from the exchange.<\/p>\n

Sellers are three companies from the Bulgarian energy holding (BEH) which ensure the general liquidity of the exchange. These are NPP Kozloduy, TPP Maritza-iztok 2 and NEK. Biovet is also entered in the DAM participants register \u2013a private licensed CHP electricity producer.<\/p>\n

Is DAM enough liquid?<\/strong><\/p>\n

No,\u00a0according to the CEWR. In its decision\u00a0\u00a0\u2116\u0426-41\/30.12.2016<\/a>\u00a0the regulator commented that currently the Bulgarian DAM in contrast to the Romanian one, was not enough liquid in order to serve as a basis either for definition of referent price or for bundling the prices of the suppliers of balancing energy with its results.<\/p>\n

In this first year of operation DAM liquidity was supported by an Agreement on liquidity supply between Bulgarian energy holding (BEH) and IBEX, stemming from the Case AT 39767 (BEH Electricity) \u2013Antitrust procedure of European commission, DG Competition\u00a0\u00a0(link<\/a>).\u00a0According to the assumed commitments which aim is to be ceased the competition restriction on the wholesale electricity market in Bulgaria, BEH should offer certain minimal volumes of electricity on DAM for a five-year period in order to guarantee the market liquidity which are as follows:<\/p>\n

\n