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power markets
UCY ENERGY is one of the major player on the European energy wholesale market
A power market is a system for effecting 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. Wholesale transactions (bids and offers) in electricity are typically cleared and settled by the market operator or a special-purpose independent entity charged exclusively with that function. Market operators do not clear trades but often require knowledge of the trade in order to maintain generation and load balance. The commodities within an electric market generally consist of two types: power and energy. Power is the metered net electric.
A
wholesale electricity market exists when competing generators offer their
electricity output to retailers. The retailers then re-price the electricity and
take it to market. While wholesale pricing used to be the exclusive domain of
large retail suppliers, increasingly markets like New England are beginning to
open up to end-users. Large end-users seeking to cut out unnecessary overhead in
their energy costs are beginning to recognize the advantages inherent in such a
purchasing move. Consumers buying electricity directly from generators is a
relatively recent phenomenon.
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For any questions do not hesitate to contact us:
info@ucy-energy.com
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