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The products and services in wholesale electricity market? |
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Answer» 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. |
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