Wholesale Electricity Market

A Wholesale Electricity Market is where electricity generators sell large amounts of power to utility companies or other large buyers. These markets facilitate efficient pricing based on supply and demand, often through auctions or bidding processes. Participants submit offers indicating how much electricity they can produce and at what price. The market helps ensure a steady, reliable flow of power to the grid while fostering competition, which can lead to more affordable and sustainable energy options. It operates behind the scenes, supporting the overall electricity system that delivers power to homes and businesses.