European electricity pricing and market information provider ICIS has announced that it is enhancing its daily electricity coverage by offering Greek and Bulgarian price assessments.
Last year, Turkey began limited commercial flows, with Bulgaria and Greece forming part of its interconnection process with the main European system. Turkey is expected to increase the cross-border flows with its two neighbours later this year, drawing the attention not only of regional companies, but also that of international trade and supply companies.
To help active market participants, as well as interested newcomers form a consistent view of these three emerging markets, ICIS will offer front-month Bulgarian and Greek electricity price assessments to complement its unrivalled Turkish and southeast European power market coverage. The forward prices for exported energy from Bulgaria and Greece and their spreads to the Turkish market will be published every Thursday in the Heren European Daily Electricity Markets report, with commentary explaining and analysing price developments.
The Turkish and Greek front-month price assessments will reflect the value of the commodity on the market, while the Bulgarian assessments will include the commodity value plus the fixed export fee, which is considered to be an integral component of the overall price.
ICIS claims to be the first news and data provider to assess Turkish electricity prices, and currently offers estimates for six long-term contracts, including front-month Baseload prices, as well as in-depth market news.
