Electricity Market

The electricity market is a system where electricity is bought and sold among various participants, including power producers, utilities, and consumers. It operates on supply and demand, with prices fluctuating based on how much electricity is needed at any given time. Producers generate electricity from sources like coal, gas, or renewables, and they sell it to utilities, which distribute it to homes and businesses. Regulated markets aim to ensure fair pricing and reliability, while deregulated markets encourage competition, potentially leading to lower prices and innovation. The market helps balance consumption with production to maintain a stable power supply.