Trading Platform Based on Bilateral Treaties to Be Introduced on July 1 on the Independent Bulgarian Energy Exchange: Energy Minister

Trading Platform Based on Bilateral Treaties to Be Introduced on July 1 on the Independent Bulgarian Energy Exchange: Energy Minister

“As of July 1 a trading platform based on bilateral agreements will be officially introduced. In the first quarter of 2017 we will have a trading platform throughout the day.” That is what Energy Minister Temenuzhka Petkova said at the presentation of the annual financial performance of state-owned energy companies, a reporter of FOCUS News Agency announced.
Minister Petkova explained that currently trade on the stock exchange is based on a platform that is trading one day ahead.
“This will allow for more freedom in terms of producers and traders who can trade on the exchange based on different platforms,” the Minister said.
“The Bulgarian independent energy exchange is the company to which we all rely with a view to the forthcoming full liberalisation of the electricity market," she added.
According to her, in 2015, the Bulgarian independent energy exchange had only expenses, as it had to start work and to invest serious resources to purchase the platform.
“The trend for the first quarter of 2016 showed a positive result of 600,000 levs profit, which provides clarity on the future of the company,” Minister Petkova said.

FOCUS News Agency

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