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Customers who use Penelec as their power generation supplier will see their electricity bill rise as the company announced a rate increase. Effective Friday, the residential rate for electricity will rise 9.3% from 9.7 cents per kilowatt hour to 10.6 cents per kWh. For the typical residential customer using 750 kWh per month, that means […]
STOCKHOLM: An error by a trader has caused Finnish power prices to plunge into negative territory, prompting the grid manager to ask the public to keep consumption at normal levels even as some of them are getting electricity for free.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Finnish power market has re-balanced after a trading error by a participant on Thursday offered too much electricity and sent prices plummeting, grid operator Fingrid said on Friday.... -November 24, 2023 at 08:01 am EST - MarketScreener
A major mistake at a Finnish energy company created a bizarre situation in which electricity prices went negative.