The head of Europe’s biggest spot power exchange said he regrets the turmoil created when an IT glitch caused German electricity prices to spike 550% last month.
The price was the highest since the worst days of the energy crisis in 2022 but this time was caused by Epex Spot SE rolling out a “ feature upgrade.” The chaos that ensued shows how easily market integration can break down.
Source link : https://www.bloomberg.com/news/articles/2024-07-10/epex-ceo-admits-trust-in-power-market-was-shaken-by-it-glitch?srnd=markets-vp
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Publish date : 2024-07-10 09:24:14
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