The price of electricity jumps. The winners are those who have already signed free market contracts with fixed prices

Energy / Bulgaria
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The trend is up. The best time to include free market agreements is publication. After July 1, there are no guarantees and for the evening a higher price, if the company has stayed with its current supplier, no. Currently, after July 1, there are no fixed prices for business users. Replace with supplier prices of last resort.

Businesses are most afraid of lack of predictability. Whether the price is high or low on the free market, as it is tailored to all in accordance with their individual consumption and this does not take away the competitive advantage of companies.

A free electricity market is not just an obligation, but a competitive advantage

From one of the largest suppliers Grand Energy Distribution has no announcement about it, about 200,000 companies, even more not selected supplier. "Liberalization of the energy market is one of the most positive steps for Bulgarian business. This ensures more competitiveness of Bulgarian companies. When you enter a Bulgarian business cost of raw materials comparable to any European country, so you can create a database of quality, image or innovation of the product offered by these companies. The only message about the lack of interest in including free market contracts compared to us is low awareness and acceptance of this fact as a deadline obligation. However, it must be made very clear that it is not an obligation, but a take advantage of a competitive advantage, explains Grand Energy Distribution.

Without an agreement with an electricity trader, the business is automatically transferred to the supplier of last resort, we compare with this to sign a blank contract

The first companies to take advantage of these agreements, data from electricity traders have fixed the price in their one-day contracts at just over BGN 100 per megawatt. As of April 9, the exchanges close at prices just under BGN 130 per megawatt-hour. If this 30% cannot continue to be postponed, the ambiguity and lack of a price cap when switching to the supplier of last resort should shock the business. To enter the free market, all you need to do is contact an electricity trader and sign a contract. The procedure is extremely easy and does not take more than a few minutes to review the text of the contract. The business will be transferred to the supplier of last resort automatically, in the absence of such a contract with a trader. "It's like signing an empty contract," said an expert.

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