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Can’t Give it Away – Negative Energy Pricing
This IAEE webinar will examine a recent phenomenon caused partly by the Covid-19 Pandemic. In spectacular form, the U.S. oil futures market collapsed on April 20, 2020, sending the prompt futures price to -$37.33 per barrel. That closing price had an impact on physical prices throughout the U.S. and the rest of the world. The natural gas market also experienced negative prices in 2019 and 2020, although less dramatic. Negative prices are more frequent in the electricity market. This is because it is far more costly to store electricity than gas or oil. In addition, a series of regulatory barriers have exacerbated the impact, particularly in the Pacific Northwest.

Negative prices arise when storage is up to the brim and transmission wires and pipelines are congested. This webinar will examine the instances of negative energy prices and the efficiency arguments for allowing or disallowing them.

Nov 8, 2021 11:00 AM in Eastern Time (US and Canada)

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