Bulgaria: IBEX is prepared for full market liberalization
Independent Bulgarian Energy Exchange (IBEX) CEO Konstantin Konstantinov said that from a systemic viewpoint, the energy exchange is ready for full market liberalization. Speaking at an Energy Summit organized by the Capital webzine on Tuesday, he said he did not expect any problems from July 1 when market liberalization will start.
Konstantinov said all systems of the exchange operator are pretty well automated, so it would be good for trading participants to follow the rules, otherwise they would not be able to validate their bids.
The exchange operator is a price provider and prices are a function of the bids; the exchange cannot analyse prices because it only presents them as fact. After July 1, demand is expected to increase dramatically, but supply should increase likewise, the CEO said.
