Grid congestion causes electricity prices in Chicago, USA to drop to negative values
Despite the surge in electricity demand driven by the snowstorm, electricity prices in Chicago, USA, have still fallen into negative territory due to the transmission capacity of high-voltage power lines reaching its limit. According to data compiled by NRGStream, a subsidiary of Arcus Power, at 10:10 AM local time on Monday, the real-time electricity price in the ComEd service area, owned by Exelon Corp., plummeted to negative $227.93 per megawatt-hour. In contrast, the average electricity price last Sunday remained above $50
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