Electricity for business will cost an average of €254.58 per megawatt hour (MWh) without VAT on Tuesday, 27 October, 3.34% less than today, data from the Bulgarian Independent Energy Exchange (IBEX) shows after trading closed.

The price is from the day-ahead segment, where deals are made on one day and power is delivered the next. At the previous close, the average price was €263.39 per MWh.

In peak hours, from 09:00 to 20:00, power will cost an average of €266.79 per MWh. Off-peak, from 01:00 to 08:00 and from 21:00 to 24:00, the average price is €242.36.

A total of 95,941.08 MWh was traded.

Power costs more on the intraday segment. The weighted average price without VAT is €305.18 per MWh for 60-minute products and €307.83 for 15-minute products.