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Spot rate pricing for electricity is uncommon among households for exactly this reason. The price is most likely the result of energy market conditions, rather than nefarious actors in the market intentionally manipulating market conditions.
Usually there’s a company that would be absorbing that risk of price fluctuations by charging slightly more than the baseline normal so that they can afford to charge households at a loss for the short periods where the price spikes as insanely as this.
Per that rule of thumb, 27 is on the border of being creepy.