You would like to become e member at Independent Bulgarian Energy Exchange (IBEX)? It is necessary to follow the steps listed below which are the registration procedure:
I. SUBMISSION OF A REGISTRATION APPLICATION
You can download a registration application here.
Appendices to the registration application:
- Information-declaration for the estimated electricity quantity for purchase/ sale (Appendix 1 of the registration application);
- Application for participation in a training for operation with the electronic trading system of the power exchange market (Application 2 of the registration application);
- VAT registration certificate;
- Current corporate standing certificate as per applicant’s court registration;
- Declaration that the applicant will purchase electricity for the purposes of their own consumption (it is filled in only by electricity consumers).
II. PARTICIPATION AGREEMENT
After the application and appendices have been received, IBEX shall review them for compliance with the requirements within a period of five days. The registration application shall be deemed approved by the power exchange operator by sending the applicant the participation agreement at the electronic mail indicated by them in the registration application. By receiving the agreement the applicant receives information on the applicable fees, payment term and the accounts to which the respective fees are to be transferred.
III. COMPLETION OF TRAINING FOR OPERATION WITH THE ELECTRONIC SYSTEM FOR TRADING ON THE POWER EXCHANGE MARKET
By receiving the agreement under the previous item the applicant receives information about the date and time for conducting the training of persons responsible for trading authorized by the applicant to trade on their behalf in accordance with the registration application. The applicant shall pay the training fee in accordance with the Fee tariff of IBEX.
IV. SIGNING THE AGREEMENT UNDER ITEM II
The applicant shall have to fill in and print the agreement under IIin two copies, to sign them and send them to the official address of IBEX.
After signing the agreement under item IIon the part of IBEX, one of the copies shall be given to the candidate.
V. PAYING IN THE SECURITY GUARANTEE
By signing the agreement under item IIthe candidate shall have to provide the required security as per an amount indicated in Appendix 2 to the agreement.
VI. YOU CAN ALREADY TRADE ON THE POWER EXCHANGE MARKET
After successful completion of the training under item III, signing the agreement under item IIand paying in the required security, the trading participant can conduct trading.
All required documents shall have to be filled in Bulgarian. The English version is only for your convenience and has no legal force.