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A comment on Bidding error sees Finnish day-ahead power price tumble to -203.40 euros/MWh. Parent comment

Re:Bidding error sees Finnish day-ahead power price tumble t... by IndrekR on Thursday November 23, 2023 @08:07PM (#38399691)
The limits are there. -500€/MWh and 4000€/MWh. It did hit the lower limit for 10 hours in the row from 14:00 till midnight. Before 14:00 they were not the last bidder, so prices are higher there. Price on the market for everyone is set by the last bidder who fits in the predicted consumption pool.
[ Parent | on HN ]
Re:Bidding error sees Finnish day-ahead power price tumble t... by XelNika on Friday November 24, 2023 @04:05AM (#38401919)
They have price limits, but I think GP means volume alert limits. Someone unexpectedly bids a third of the Finnish production capacity, you call them and ask if they are sure.
[ Parent | on HN ]