The electricity on the energy exchange jumped by more than 60 percent - to BGN 303.53 per MWh for basic energy. TPP "MI2" promised to include new capacities - will the prices calm down again

The energy exchange within the trade "market day ahead" closed at a price for basic energy (1 - 24 hours) of BGN 303.53 per MWh and a quantity of 65 616.60 MWh with a delivery date of August 9, 2021, according to trading data.

The price of peak energy (9-20 hours) is BGN 327.36 per MWh, with a quantity of 35,445.60 MWh.

The off-peak energy (30 171.00 MWh) is at a price of BGN 279.69 per MWh (1-8; 21-24 hours).

In response to the new jump in electricity exchange prices, the leadership of the Ministry of Energy has insisted to the management of the state TPP "Maritsa East 2" today, Monday, to be released additional capacity of the plant to operate on the free market. After pressure from the ministry last week, the state-owned TPP switched on a third unit and in the last few days has been working with 1 unit for the regulated market and 2 units for the free market. Business organizations have long insisted on the inclusion of more capacity of TPP "MI2" in order to increase the liquidity of the energy exchange and reduce pressure on prices. High electricity prices hit all sectors of the industry and reduce its competitiveness. At the same time, the inclusion of the plant with more capacity is an opportunity both for the realization of additional revenues for the company and for reducing the pressure on the market from the high electricity prices.

A few days ago, the Ministry of Energy managed to persuade the management of TPP "Maritsa East 2" to include a third unit of the plant, which until then worked with two of its eight units. This immediately affected the prices, lowering them by about BGN 70 per day.

More data from IBEX:

The exchange started at an average price of BGN 281.72 per MWh and a quantity of 2436.9 MWh.

The highest price of electricity traded in the segment "market day ahead" was achieved at 19:00 - BGN 407.05 per MWh with a quantity of 2750.2 MWh.

In 24 hours the price of traded electricity in this segment is BGN 298.85 per MWh with a quantity of 2471.4 MWh.

Compared to the value of BGN 185.48 per MWh or EUR 94.84 per MWh for August 8, 2021, the price of traded electricity with a delivery day on August 9 increases to EUR 155.19 per MWh (an increase of 63.6%), according to www.energylive.cloud, or BGN 303.53 per MWh according to IBEX data.

The previous record of BGN 330.73 per MWh was reported with a delivery day on August 4 this year. Of the electricity exchanges in the region, the closest to the price of publishing the information is the value achieved in Serbia - 145.18 euros per MWh.

For trading in the market segment "Within the day" on August 8, 2021 the total traded volume at the time of publication of the information is 1 431.80 MWh at a weighted average daily price of BGN 168.88 per MWh.