Electricity Markets

Electricity markets are platforms where electricity is bought and sold. They facilitate the trading of electrical energy among producers, consumers, and retailers. Producers generate electricity from various sources, like coal, natural gas, solar, and wind. Consumers include households and businesses that use this energy. Prices fluctuate based on supply and demand; when demand is high, prices rise, and when it's low, prices drop. These markets help ensure a reliable power supply, encourage competition, and promote the use of cleaner energy sources. Ultimately, they aim to balance the costs of electricity with the need for sustainability and reliability.