The basics seems simple enough - the system was long (too much supply) during this period above and beyond what is contractually ordered between generators and electricity suppliers (eg, to consumers).
Having a negative price would seem to make sense if your goal is to keep consumption balanced with generation on an open market.
The basics seems simple enough - the system was long (too much supply) during this period above and beyond what is contractually ordered between generators and electricity suppliers (eg, to consumers).
Having a negative price would seem to make sense if your goal is to keep consumption balanced with generation on an open market.