Definition of compitition in power system economic
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An electricity market is a system enabling purchases, through bids to buy; sales, through offers to sell; and short-term trades, generally in the form of financial or obligation swaps. ... Energy is electricity that flows through a metered point for a given period and is measured in megawatt-hours (MWh).
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in the process of economic development ; and ... the evolution of competitive electricity spot markets, the regulation and pricing of transmission, and the role of system operators.These issues are.
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