A bidding error by Kinect Energy caused the Finnish day-ahead power price to plummet to -203.40 euros/MWh. This led to negative power prices in Finland, prompting the grid manager to request normal power consumption. In South Africa, Eskom implemented severe power cuts to prevent a total collapse of the electricity grid on Friday.
Finnish power market normalises after trading blunder, grid operator says https://t.co/n72lDXypxM https://t.co/7NJLh6vs4o
Black Friday in Nordic electricity market, price significantly negative due someone in Norway sent errorneus offer to system. Everybody exploiting the system by using as much electricity as they can, let's see how the grid survives this...
Finland’s grid manager asks the public to keep power consumption at normal levels on Friday after an error by a trader caused prices to plunge into negative territory, meaning some got free power. https://t.co/nXPXDxKuWE
Eskom implements a severe level of power cuts to prevent a total collapse of South Africa’s electricity grid on Friday https://t.co/NmxoMxl8aY
Eskom implements a severe level of power cuts to prevent a total collapse of South Africa’s electricity grid on Friday https://t.co/cMKdeishxE
Eskom implements a severe level of power cuts to prevent a total collapse of South Africa’s electricity grid on Friday https://t.co/XnLmc3oG7s
A bidding error by market participant Kinect Energy resulted in Finnish power prices for Friday plummeting to -203.40 euros per megawatt hour (MWh), data from spot market operator Nord Pool showed on Thursday — Reuters https://t.co/am4czEFVHH
Bidding error sees Finnish day-ahead power price tumble to -203.40 euros/MWh https://t.co/3B0OwW4Trz https://t.co/9qoYGDXsIr