Question

The products and services in wholesale electricity market?

Answer 1

An electricity marketis 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. Bids and offers use supply and demand principles to set the price. Long-term trades are contracts similar to power purchase agreements and generally considered private bi-lateral transactions between counterparties.

Answer 2

"An electricity market is a system enabling purchases and selling of electricity as a commodity. The different products ans services in a wholesale market are as follows:

A.Different products are liberalised in the market of electricity.

I)Frequency control

II)Primary reserve

III)Secondary reserve

IV)Tertiary reserve

B.Reactive power for the regulation of voltage

C.Capabilities of black start

D.Generation capacity for long term adequacy"