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Bulgarian power exchange's day-ahead market sets new price record

Author Vasil Kolchev
Bulgarian power exchange's day-ahead market sets new price record Photo: stroiteli.bg

SOFIA (Bulgaria), October 18 (SeeNews) - The Independent Bulgarian Energy Exchange (IBEX)'s day-ahead market recorded on Monday a fresh all-time high price of electricity for industrial consumers - 445.65 levs ($264.27/227.86 euro) per MWh, according to data published on the website of the exchange.

The previous record, of 413.24 levs, was set on October 11, the day-ahead market's website showed.

Bulgaria's Energy and Water Regulatory Commission (EWRC) had forecast the electricity price for the July 1, 2021 - June 30, 2022 period as 119 levs per MWh. However, since the start of October 2021, the average price has been more than triple that, at 362.10 levs, with no decrease outlook in sight.

IBEX, established in 2014, holds a 10-year licence by the EWRC for organizing an electricity exchange in Bulgaria. IBEX is a wholly-owned subsidiary of the Bulgarian Stock Exchange, which acquired the company in 2017.

(1 euro = 1.95583 levs)

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