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Electricity was traded on the Bulgarian Independent Energy Exchange (BNEB) at an average price of BGN 67.35 (excluding 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 31).

The energy exchange closed yesterday at an average price of BGN 106.60 per megawatt hour.

This means that tomorrow's business electricity will be 36.82 percent cheaper than today's day-of-delivery price.

The price of wholesale electricity yesterday and today was BGN 184.82 and BGN 106.60 per megawatt hour, respectively.

The average price of peak energy (09:00-20:00) for tomorrow is BGN 126.90 per megawatt hour.

Off-peak energy (01:00-08:00; 21:00-24:00) was traded at an average of BGN 7.80 per megawatt hour.

The lowest price within today's session, with tomorrow's delivery day, is 33 cents per megawatt hour, reached for the period 3:00-4:00 a.m., and the highest is BGN 388.88 per megawatt hour - for the period 16 :00-17:00 hours.

Data from BNEB show that a total of 70,312.00 megawatt hours of electricity was sold.

In the "Intraday" market segment, BNEB reports a total traded volume of 3,732.80 megawatt hours in the 60-minute products.

The weighted average daily price is BGN 130.98 (without VAT) per megawatt hour.

In the 15-minute products, the weighted average price is BGN 48.67 (without VAT), and the total amount of electricity sold is 738.03 megawatt hours.

By almost 40%, the electricity for tomorrow's business is cheaper

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

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.

For 2023, the compensation will be over BGN 200 per megawatt hour.

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