Bulgarian energy bourse joins European Single Intraday Coupling

IBEX and Bulgaria's Electricity System Operator (ESO) have signed an agreement regulating the commitments of the two companies arising from the accession of the Bulgarian electricity market to SIDC, the energy exchange operator said in a statement on Wednesday.

ESO will coordinate interconnection exchanges for each delivery period with the neighbouring transmission system operators, part of the SIDC.

Bulgaria joined the SIDC along with Croatia, the Czech Republic, Hungary, Poland, Romania and Slovenia. The other members of SIDC are Austria, Belgium, Denmark, Estonia, Finland, France, Germany, Latvia, Lithuania, Norway, The Netherlands, Portugal, Spain and Sweden.

The next expansion of the SIDC, part of which is the Bulgarian-Greek border, is expected by the end of 2020.

Bulgaria also expects to join the Single Day Ahead Coupling (SDAC) in the second half of 2020.