Electricity was traded on the Bulgarian Independent Energy Exchange (BNEB) at an average price of BGN 777.40 (without VAT) per megawatt hour, according to trading data in the "Day Ahead" market segment after the close of the exchange.

Deals are based on tomorrow's delivery day (September 29).

The energy exchange closed yesterday at an average price of BGN 703.21 per megawatt hour.

This means that tomorrow's business electricity will be 9.54 percent more expensive than today's day-of-delivery price.

The average price of peak energy (09:00-20:00) is BGN 785.30 per megawatt hour.

Off-peak energy (01:00-08:00; 21:00-24:00) was traded at an average of BGN 769.51 per megawatt hour.

The lowest price within today's session, with tomorrow's delivery day, is BGN 391.17 per megawatt hour, reached for the period 12:00-1:00 p.m., and the highest is BGN 1183.28 per megawatt hour - for 19:00-20:00.

Data from BNEB show that a total of 59,557.90 megawatt hours of electricity were sold.

In the "Intraday" market segment, BNEB reports a total traded volume of 2,071.40 megawatt hours to date.

As of 2:30 p.m., the weighted average daily price is BGN 690.09 (without VAT) per megawatt hour.

The energy exchange closed with an increase of nearly 4 percent in electricity for businesses in Bulgaria

BTA reminds that the parliament accepted compensations for businesses due to high electricity prices with the state budget update for this year.

They envisage the "Security of the Electricity System" Fund to compensate non-domestic end customers of electricity in the amount of 100 percent of the difference between the real average monthly exchange price of the "day-ahead" segment of "BNEB" EAD for the relevant month and the base price in the amount of BGN 250 per megawatt hour (MWh) for the period from July 1 to December 31, 2022. No compensation is paid for customers with prices below the base price of BGN 250/MWh.

Customers with a price exceeding the basic price by a smaller amount than the amount of compensation are paid compensation in a reduced amount, so that the resulting price for the customer after compensation is not lower than BGN 250/MWh.

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