Business power for delivery on Thursday, 12 November, will cost an average of €289.56 per megawatt hour before VAT on the day-ahead market, the Bulgarian Independent Energy Exchange (IBEX) said. That is 16.7% below the average for 11 November, which was €348.74/MWh.

Prices are higher in peak hours, from 09:00 to 20:00, at an average of €328.69 per megawatt hour. Outside those hours, from 01:00 to 08:00 and from 21:00 to 24:00, the average is €250.43.

A total of 106,020.72 MWh was sold in Wednesday's trading on 11 November.

On the intraday market, 60-minute products are so far trading at a weighted average of €304.23/MWh before VAT. For 15-minute products the price is €314.65/MWh for the day, also before VAT.