The Independent Bulgarian Energy Exchange (IBEX) said in a press release that it has proposed to become a counterparty in all transactions carried out on its centralized market for bilateral contracts in order to increase liquidity and ensure the safety of trading.
IBEX plans to introduce standardized conditions for submission of bank guarantees, payments and penalties for breaking a contract and the new auction mechanism through rounds. All interested parties can submit their stand on these proposals by 20 June.
Full article available for subscribers of Energy NEWS service (PDF publications, energy news, analyses, power and trading data, tenders)
Subscription fee: 800 EUR annually – company licensed