The paper presents proposal of a model of the fluidized bed boiler adapted for use in model-based controllers e.g. predictive, adaptive or internal model control (IMC). The model has been derived in the form of transfer function matrix which allows its direct implementation in the controller structure. Formulated model takes into consideration the principal cross-coupling between process variables which enables the opportunity to search for feasibility of decoupling control. The results of the identification of the dynamics of the 2 MW industrial bubbling fluidized bed boiler using the proposed model form was presented. According to the experimental data it was found that despite of introduced simplifications presented model allows the boiler behavior prediction.