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This link is specifically for real-time market pricing. This is a marginal rate. Presumably, power companies locked in their pricing using the day-ahead rates
by PragmaticPulp 6y ago
This link is specifically for real-time market pricing. This is a marginal rate.
Presumably, power companies locked in their pricing using the day-ahead rates yesterday according to their forecasts and risk models. Now there is a surplus of energy production, and it actually makes sense to pay companies to take that electricity out of the grid.
You can see the current day-ahead rates by selecting DAM-SPP from the Select Data dropdown at the bottom.
The negative marginal rates is an interesting phenomenon, of course, but the real-time marginal rates alone don't show the whole picture.