Bulgaria connects its day-ahead electricity market with Romania

SOFIA, October 27 (Reuters)The Bulgarian power exchange connected its day-ahead power market to neighboring Romania on Wednesday, which enables the connection to other European power markets and increases liquidity.

The Independent Bulgarian Energy Exchange (IBEX) announced that the first delivery day would be October 28th.

The so-called coupling aims to optimize the allocation of cross-border electricity capacity by coordinating price calculations and flows between countries. This minimizes price differences between the regions, stimulates competition and stabilizes prices for consumers.

“With the inclusion of the Bulgarian-Romanian border, a geographical loop was closed and the Southeastern Europe region is now fully integrated into the single day-ahead coupling,” said an IBEX statement.

IBEX has already coupled its day-ahead electricity market with neighboring Greece, which is now connected to the north via the coupling with Romania, it said.

(Reporting by Tsvetelia Tsolova Editing by Mark Potter)

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