Rise in the Price of Electricity in November at the Bulgarian Energy Exchange

Business » ENERGY | December 8, 2020, Tuesday // 19:01
Bulgaria: Rise in the Price of Electricity in November at the Bulgarian Energy Exchange

After a short fluctuation in October, the prices of electricity traded on the Energy exchange (BNEB) are going up again, according to the monthly report of BNEB.

 In November in the segment "Day ahead" the base electricity reached an average price of BGN 93.28 per megawatt hour, which is 10.5% more expensive than in October.

At the peak load the increase is 16.2% to BGN 108.44 for MWhr. The movement of prices on the Bulgarian energy exchange largely follows what is happening on the regional energy markets.

  The data show an even higher volume of traded energy - base and peak. The increase compared to October is about 11% for base energy and almost 12% for peak energy. 84% of the energy traded on the stock exchange is bought by energy traders.

 In terms of sales, 64% of electricity comes from traders.

  In the stock segment "Within the Day" prices rose more significantly. The average price is BGN 103.39 per megawatt-hour, which is an increase of almost 21% compared to the data from October. The average price of the peak load increased by 28% to BGN 117.78 per megawatt hour.

 Statistics show another 30% decrease of the volume in the base energy traded in this stock segment.

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Tags: electricity, energy
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