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Finnish Power Trader’s Nightmare Error: The Story Explained

A trader’s mistake led to a significant drop in Finnish power prices, with the grid manager urging the public to maintain normal electricity consumption despite some households receiving electricity for free.

Finnish Power Market Disruption Sparks Calls for Safeguards. PHOTO: Roni Rekomaa/AFP via Getty Images

Approximately 20% of Finnish consumers pay exchange prices for power, and they experienced zero electricity costs on that day. This resulted in a 5% increase in electricity consumption.

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