IBEX Base (28.02.2021) : 64.34 BGN, 60438.00 MWh, IBEX Peak (28.02.2021) : 59.45 BGN 31729.5 MWh, IBEX Off-Peak (28.02.2021) : 69.22 BGN 28708.5 MWh
 
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Type Of Offers

Trading on the organized power exchange market for electricity takes place via electronic trading systems (ETS). They are used to submit offers by trading participants. The power exchange operator, following European practices, administrates a different ETS for each individual market segment.

The types of offers which trading participants can submit on the Day-ahead and Intraday market segments are in accordance with the commonly adopted requirements in the Single Day-ahead Coupling and Single Intraday Coupling regarding their nature and conditions. The power exchange operator, in its capacity of administrator of Bilateral contracts market segment, provides an option for submission of almost all types of offers which are typical of the organized long-term electricity markets in Europe.

The types of offers which trading participants may submit on Intraday market segment  are listed in art. 10 of the Instruction Products Traded Specification.  Offers are submitted for hourly or block products where the deadline for submission of offers is up to 60 minutes before the initial time for delivery of the respective product. When an offer is entered, the price parameter is entered with up to two decimal points in €/MWh (the minimum step is 0.01 €/MWh) and the quantity parameter- up to one decimal point in MW (the minimum step is 0.1 MW). Offers are submitted in EUR.

The Power exchange operator currently allows for offers to be entered only for separate hourly products on Day-ahead market segment and preparation for introducing offers for block offers is pending. Offers are submitted by 12:00 Central European Time on the day preceding the delivery day. Each offer contains between 2 and 200 price-quantity pairs. When an offer is entered, the price parameter is entered with up to one decimal point in BGN/MWh or €/MWh (the minimum step is 0.1 BGN/MWh or €/MWh) and the quantity parameter- up to one decimal point in MW (the minimum step is 0.1 MW). Offers are submitted in BGN or EUR.

Bilateral contracts market segment offers the following types of offers which are typical of organized markets operating based on the Continuous trading mechanism-  Fill or Kill, Fill and Kill, All or None, Stop order, Limit order and Iceberg. The periods and stages for submission of offers on Continuous trading screen and Auctions screen are stipulated in Chapter six, Section III PEOR and in Instruction № 2 Auction initiation. When an offer is entered, the price parameter is entered with up to two decimal points in BGN/MWh (the minimum step is 0.01 BGN/MWh) and the quantity parameter- up to one decimal point in MW (the minimum step is 0.1 MW). Offers are submitted in BGN.




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