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Software patch triggers first Estonian fine for power market manipulation

Tallinn. Astangu district. High-voltage transformer substation.
Photo: Getty Images

Futugrid Technologies fined €16,000 for placing -€9,999/MWh bid; case highlights rising regulatory scrutiny of illiquid balancing grids.

An Estonian energy firm has been hit with the country’s first-ever penalty for wholesale electricity market manipulation after using an extreme negative price bid to dodge delivery during a routine software update.

The Estonian Competition Authority (Konkurentsiamet) fined Futugrid Technologies OÜ €16,000 ($17,900) for breaching Article 5 of the European

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