Electricity was traded on the Bulgarian Independent Energy Exchange (BNEB) at an average price of BGN 396.30 (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 (December 22).

The energy exchange closed yesterday at an average price of BGN 438.78 per megawatt hour.

This means that tomorrow's business electricity will be 9.68 percent cheaper than today's day-of-delivery price. 

The average price of peak energy (09:00-20:00) is BGN 467.75 per megawatt hour.

Off-peak energy (01:00-08:00; 21:00-24:00) was traded at an average of BGN 324.85 per megawatt hour.

The lowest price within today's session, with tomorrow's delivery day, is BGN 215.14 per megawatt hour, reached in the period 1:00-2:00 a.m., and the highest is BGN 506.54 per megawatt hour - for 16:00-17:00.

Data from BNEB show that a total of 80,078.70 megawatt hours of electricity were sold.

Electricity for businesses in Bulgaria increased in price by 8%

In the "Intraday" market segment, BNEB reports a total traded volume of 4,483.50 megawatt hours in the 60-minute products.

The weighted average daily price is BGN 420.66 (without VAT) per megawatt hour.

In the 15-minute products, the weighted average price is BGN 419.58 (without VAT), and the total amount of electricity sold is 556.05 megawatt hours.

Parliament accepted compensations for businesses due to high electricity prices with the update of the state budget for this year, BTA reports. 

They envisage that the "Security of the Electricity System" Fund will 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.

Currently, it is being discussed that the compensation should be over BGN 200 per megawatt hour and be valid for the whole of 2023.

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