2 ms·
> Prices being negative for one day does not make energy prices low. My apologies, that was poorly worded - I didn't mean to imply that all energy prices were
by SideburnsOfDoom 6mo ago
> Prices being negative for one day does not make energy prices low.
My apologies, that was poorly worded - I didn't mean to imply that all energy prices were low across the board. Of course they are not.
It's an interesting indicator, not (yet) a systemic change. And as I said in answer to the parent comment, it's a important subject right now because of the petrochemical price shock.
Nevertheless, if I were to interpret your statement as unilaterally as you interpreted mine: you said "negative prices are not low prices", which is wrong as a matter of arithmetic.