The Commission said that a gradual decrease in electricity prices was observed from the beginning of midnight on 6 July. At night, from 3 to 4, electricity price was €0 per MWh, reaching its record low level at 5 a.m.
The head of SPRK's market monitoring division, Janis Negribs, said that for those users who have chosen variable exchange price agreements, zero price and a negative electricity price on the stock exchange provide significant benefits. In the event of a zero price, those users shall not pay for electricity generation.
He explained that this price on the stock exchange did not have an impact on the trading margins and the costs of system services. This means that the user still has to pay for these services.