The Independent Bulgarian Energy Exchange (IBEX) said that the expected go-live date of the day ahead electricity market coupling with Greece is May 11.
The planned go-live date is subject to the successful finalization of the testing phase and the receival of all relevant approvals by the Greek and Bulgarian regulators, IBEX said in a statement on Tuesday.
The project testing phase will include member tests at the end of April.
IBEX, established in 2014, holds a 10-year license by the State Energy and Water Regulatory Commission for organizing a Power Exchange for electricity in Bulgaria. IBEX is a wholly-owned subsidiary of the Bulgarian Stock Exchange, which acquired the company in 2017.