Market Report for January 2017
In January 2017, Independent Bulgarian Energy Exchange accepted one new member and registered a decrease (-34%)in the traded volumes in comparison to these in December. For the same period, IBEX also registered a decrease in theturnover (-17%). The highest achieved price for the period between January 1st, 2017 and January 31st, 2017 was174,83 EUR/MWh, while the lowest clearing price was 5,03 EUR/MWh. The total traded volume for the period was 216592,50 MWh. The average daily volume traded for the period was 6 986,85 MWh/day. The number of marketparticipants that took part in auctions was 44.
77,371
139,122
196,316 187,960 187,535178,072
226,076
188,264
221,288
284,185 290,617
328,404
216,593
Market indicators from 20.01.2016 to 31.01.2017
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan
35.5726.33 27.13 29.83 33.30 30.16 32.41 30.04 32.55
40.01 38.52 44.1055.60
-34% 10 092,70 MWh
Highest daily traded volume
55,60 EUR/MWh
Weighted average price
291,12 MWh/h
Average hourly traded volume
-12 %
-34 %
25 %
Monthly Traded Volumes [MWh]
Weighted average price [EUR]
Monthly market indicators
Prices [EUR/MWh] January 2017December
2016Change Change %
IBEX Base average price 54,40 43,13 11,28 26%
IBEX Peak average price 72,93 50,10 22,83 46%
IBEX Off-peak average price 35,87 36,15 -0,28 -1%
IBEX Highest traded price 174,83 83,21 91,62 110%
IBEX Lowest traded price 5,03 17,38 -12,35 -71%
Traded volume [MWh] January 2017 December 2016 Change Change %
Total traded volume 216 592,50 328 404,50 -111 812,00 -34%
Average daily traded volume 6 986,85 10 593,69 -3 606,84 -34%
Highest daily traded volume 10 092,70 11 531,90 -1 439,20 -12%
Lowest daily traded volume 3 760,70 8 401,10 -4 640,40 -55%
Highest hourly traded volume
500,80 566,20 -65,40 -12%
Lowest hourly traded volume
110,20 252,30 -142,10 -56%
Traded Volume [MWh/h]
January 2017December
2016Change Change %
Average hourly traded volume
291,12 441,40 -150,28 -34%
Turnover [EUR] January 2017December
2016Change Change %
IBEX Total turnover 12 042 404,07 14 484 090,47 -2 441 686,39 -17%
IBEX Average daily turnover 388 464,65 467 228,72 -78 764,08 -17%
IBEX Max daily turnover 803 577,46 687 840,07 115 737,39 17%
IBEX Min daily turnover 59 892,31 213 560,18 -153 667,88 -72%
Wеекdays [MWh]January
2017December
2016Change Change %
Average daily traded volume -baseload
7 248,25 10 834,85 -3 586,60 -33%
Average daily traded volume -peakload
3 744,17 5 645,44 -1 901,27 -34%
Weekends [MWh] January 2017December
2016Change Change %
Average daily traded volume -baseload
6 437,93 10 087,26 -3 649,33 -36%
Average daily traded volume -peakload
3 446,15 5 070,33 -1 624,18 -32%
General information about the market in comparison with December 2017
Market report for January 2017
IBEX prices [EUR]
Market report for January 2017
Sun01.01
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Base price 22.42 31.34 48.52 57.49 37.47 46.33 34.06 57.13 86.97 125.9 53.05 96.24 70.66 17.98 14.17 68.8 63.08 58.33 67.25 61.98 28.88 24.35 69.49 65.24 62.80 68.05 61.20 28.44 25.78 64.23 68.86
Weighted average price 23.04 32.11 53.38 59.67 38.39 48.61 34.15 57.8 87. 121.2 61.23 97.91 76.49 18.95 15.93 72.03 67.19 60.82 66.05 60.80 29.60 24.57 69.37 64.17 61.82 66.57 59.51 29.07 25.86 61.34 64.72
Off-peak price 20.92 22.83 30.08 43.03 28.78 30.58 33.6 53.04 75.53 105.5 24.71 83.56 34.25 13.67 9.89 29.69 34.49 30.07 35.04 34.70 24.57 21.98 37.82 35.53 33.42 34.94 34.45 24.24 22.30 32.16 36.75
Peak price (9-20) 23.93 39.84 66.96 71.96 46.17 62.08 34.51 61.22 98.42 146.3 81.39 108.9 107.0 22.29 18.46 107.9 91.68 86.59 99.46 89.25 33.20 26.72 101.1 94.94 92.17 101.1 87.94 32.64 29.25 96.31 100.9
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IBEX OPCOM EPIAS HUPX
Regional PX comparison
Market report for January 2017
IBEX traded volumes
Market report for January 2017
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Base and peak volumes
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Hourly volumes monthly comparison
January December
IBEX traded volumes comparison
Market report for January 2017
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Base Volumes monthly comparison
January Base Volume December Base Volume
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Peak Volumes monthly comparison
January Peak Volume December Peak Volume
DAM Members
• TPP Maritsa East 2 EAD• Energoinvestment AD• CEZ Trade Bulgaria EAD• Energo-Pro Energy Services EOOD• Future Energy OOD• EVN Trading South East Europe EAD• Energy Market AD• GEN-I, trgovanje in prodaja električne energije, d.o.o,• Group Trans Energy OOD• Energeo EOOD• Energo Pro Trading EAD• Axpo Bulgaria EAD• Energy Supply EOOD• TM-Technology AD• NEK EAD• Ritam-4-TB OOD• TPS Power Trading SRL• NPP Kozloduy EAD
Founder Members Members
• Most Energy AD• Interprom EOOD• Energy MT EAD• Grand Energy Distribution EOOD• BIOVET• Alpiq Energy SE• Enekod AD• Stomana Industry AD• Danske Commodities A/S• Energovia EOOD• Holding Slovenske Elektrarne d.o.o.• Elpetra Energy Ltd• LE Trading a.s.• EDF Trading Ltd• Statkraft Markets GmbH• Edison Trading S.P.A, branch Bulgaria• Casting Forging Machinery Complex EOOD• Neas Energy A/S
• Zagora Energy EOOD• Тoshel-92 EOOD• Zlatna Panega Cement AD• Elektricni Financni Tim d.o.o• Company for the Power Worker and
Development• Mini Maritsa Iztok EAD• PETROL, Slovenska energetska družba, d.d.,
Ljubljana• PPC Bulgaria S.A• Power Syst EOOD• Elpetra Energy EAD• Tinmar Energy S.A.
Market report for January 2017