Black Friday for Kinect - mistake results in big bill

”I am very critical of how this extreme bid can go through Kinect’s system and Nord Pool Spot’s calculation without any warning lights flashing,” says Volue’s electricity analyst.

by LINDA SANDVIK

On Thursday, Bergen-based Kinect Energy submitted an erroneous bid for electricity sales on the Nord Pool electricity exchange for the entire Friday in the Finnish bidding zone. Electricity prices and volumes were calculated based on the erroneous bid.

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