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So Kinect accidentally told they are selling 5787MWh of energy for the whole Friday, but they don't have this energy. This drove the price to negative. During t
by jpalomaki 3y ago
So Kinect accidentally told they are selling 5787MWh of energy for the whole Friday, but they don't have this energy. This drove the price to negative. During the afternoon hours the price is -500€/MWh.
Now Kinect needs to try to purchase the energy they have sold from other producers, on the daily market. Some estimates say their losses will be tens of millions of euros.
A reasonable number of consumers are paying the market price for electricity. This might mean you can make few euros by spending electricity. Interesting to see how this works out in practice.
- flopbob 3y agoSmall correction, they sold 5787 MWh every hour on Friday! So the 24-fold