RIGA - For the first time in history, a negative wholesale electricity price has been observed in Latvia - from 5 a.m. to 6 a.m. this morning, the price of electricity in Latvian price area at the Nord Pool exchange stood at minus EUR 0.09 per megawatt/hour (MWh), LETA learned from the Public Utilities Commission.
This is the first time ever such an untypical situation is observed in Latvia, the commission said.
According to the Public Utilities Commission, electricity prices had been gradually decreasing since midnight, falling to EUR 0 at 3 a.m. and t...
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