IBEX, Bulgaria’s electricity exchange, recorded 2.915 TWh of day-ahead trading in October, 23.2% more than a year earlier, while the monthly baseload average climbed around 40% to €232.03/MWh. Volume was around 6% below September, but liquidity remained substantially above year-earlier levels as wholesale prices rose sharply. Average daily day-ahead traded volume was about 94,024 MWh.
Trading volumes and prices
IBEX’s October baseload average was €232.03/MWh, around 40% above September’s €166.24/MWh. The average peak price increased approximately 71% to €217.66/MWh.
Intraday continuous-market volume reached 1.432 TWh, up around 21%, while its weighted average price rose 52.4% to €239.11/MWh. IBEX had 155 registered day-ahead participants, unchanged from September.
High prices continue in November
The early-November market showed that high prices had continued. IBEX traded at €303.78/MWh for 6 November, almost identical to the price in Hungary and marginally below prices in Serbia and Romania.
Rising year-on-year liquidity and high price volatility reinforce Bulgaria’s position as one of southeastern Europe’s principal trading hubs. The conditions increase the importance of hedging, intraday optimisation and flexible generation for suppliers and industrial consumers.