Trader Error Causes Huge Plunge in Finnish Power Prices
- Bids create a large imbalance on Nordic power market on Friday
- Finnish grid manager plans intraday purchases to secure system
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A power trader error sent shockwaves through the Finnish market as it mistakenly offered to sell the equivalent of at least half the country’s entire consumption at an hourly auction.
Prices dived after the mistake by Kinect Energy AS, which said it was an “internal system error.”