-- Traders are complaining about unfair losses made in the German power market because of an IT glitch this week.A technical issue which caused Germany’s day-ahead power price to rise to almost seven times it’s normal levels on Tuesday has shaken trust in the market, according to traders posting on LinkedIn.
Despite the “very challenging” events, backup procedures were “successfully executed,” Epex Spot SE said in a statement. The company’s oversight body, the Market Coupling Steering Committee, has started an in-depth investigation which should be published within a month, according to the exchange.
Day-ahead power markets in central-western Europe have been linked for almost a decade. This means an algorithm matches supply and demand across borders, sending electricity to where prices are highest and enabling maximum use across the region of low-cost wind or solar energy. It was this process that was affected by the glitch.
This Florida woman used lifetime warranties to cheaply maintain her car for 43 years. Here’s how you can do the sameBank of Nova Scotia stock is a great value play that doesn't get the respect it deserves. The post 2 Canadian Stocks to Watch While They’re Still Dirt Cheap appeared first on The Motley Fool Canada.Are you ready to make some money in 2024? Then this cash-gushing dividend stock is certainly where I would start, with more improvements to come.
-- The US Gulf Coast is probably the only place in the world where two men with virtually no experience running an energy business could upend a vast industry while becoming billionaires in the process.