site.btaBulgaria's Electricity Prices Drop for Non-Households, Rise Slightly for Households in H2 of 2024

In the period July - December 2024, the electricity prices, including all taxes, levies and VAT (incl. state compensations) for non-household customers increased compared to the period January - June 2024, the National Statistical Institute said in a press release on Monday. The largest increase - by 42.5%, is recorded in group I7 with annual consumption over 150,000 MWh.

During the same period, a slight increase in the electricity prices, including all taxes, levies and VAT was observed for households customers too. The highest rise - by 2.7%, is recorded in the biggest households customers in group D5 with annual consumption over 15,000 kWh.

On annual basis in 2024, compared to the previous year 2023, the prices with all taxes, levies and VAT (including state compensations) for non-households customers decreased for all groups. The largest decrease of over 16% was registered in group I1 with annual consumption up to 20 MWh and group I5 with annual consumption between 20,000 and 70,000 MWh.

For household customers, on an annual basis, electricity prices including all taxes, fees and VAT increased compared to the previous year, with the largest increase - 3.4%, recorded in group D2 with annual consumption between 1,000 and 2,500 kWh.

Changes in the final electricity prices for non-household customers are a result of the price situation on the free energy market. For household customers, the changes are determined by the regulated electricity market and by the yearly defined prices for electricity on a daily and nightly scale (component ‘Energy and Supply’) and prices for transmission and access through the electricity transmission and distribution networks (component ‘Network’) by the Energy and Water Regulatory Commission.

Data are representative for the country - all suppliers of electricity provide data on household and final non-household customers, for the quantities delivered through transmission/distribution network.