Perfect explanation. This is an example of market contango where the spot price is actually below the futures price completely due to the weather event which h

Perfect explanation. This is an example of market contango where the spot price is actually below the futures price completely due to the weather event which has triggered a collapse in demand on the grid. And because of the nature of power generation, for many suppliers, it is actually less costly to remain running and sell at a loss than to shut down.