Question

List two characteristics of the market structure of electricity operating in great britain

Answer 1

Energy companies can work in any of these different areas, and some operate in all of three of them The electricity and gas markets in the UK are privatised.

Answer 2

The characteristics of the electricity market in Great Britain are:

1. Generation of Electricity: Electricity mostly gets generated at large power stations which are connected to the national transmission network.

However, it can also be generated in small scale power stations connected to the regional distribution networks.

2. Electricity network and energy supply: Electricity network comprises of transmission and distribution.

Suppliers buy energy and then sell it to their customers.