Electricity pricing

Specifically, at night the hydraulic units pump water from the Dniester into the upper basin, thereby consuming the surplus of cheap electricity from electricity networks. In the morning, during peak hours, the same amount of water can be discharged back into the Dniester through generators, producing electricity.

Luxembourg – The average electricity prices for households increased slightly in the first half of the year at the EU level compared to the same period in 2020 to EUR 21.9 per 100 kilowatt hours, with the largest increase recorded in Slovenia, Eurostat has reported.

Taxes and fees are being massively reduced in Europe as measures against high electricity prices. This was said by the member of the Management Board / MB / of the Institute for Energy Management Ivanka Dilovska during a working meeting with journalists.

The Bulgarian government is announcing measures to compensate businesses for high electricity prices.

This became possible after companies and workers protested in Sofia, demanding to be compensated for the price of electricity for non-household consumers on the stock exchange, which reached over BGN 480 per megawatt-hour.

"Additional measures are needed to limit the damage to the Bulgarian economy from high electricity prices. The price on the free market is already a record - BGN 482 per megawatt hour,"said in"This Morning"Vasil Velev, Chairman of the Board of the Association of Industrial Capital (BAIC).

Ljubljana – After Slovenia’s largest energy company Petrol announced earlier this week that it will increase the price of electricity in December, some predicted that other suppliers would follow, but most suppliers now forecast that their prices of electricity for households would not increase until next year.

If gas prices remain at the same record levels, electricity and heating for household consumers will jump by 20-30% from January, according to Bulgarian Energy and Water Regulatory Commission estimates.

The price of gas on European markets reached 118 euros per megawatt-hour, making a 20% increase on a daily basis.

The Bulgarian government has decided to give €25 per MWh to all companies in the country as compensation for rising electricity prices. Still, the political crisis has blocked the implementation of this decision.

Representatives of three  Bulgarian ministries present support measures that the caretaker government plans in the energy sector. Representatives of the Energy Exchange and Energy Watchdog also participated in the briefing.