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4 FAQs about [Globe electricity panel wholesale mechanism]
What is a wholesale electricity market?
The wholesale electricity market is where power is bought and sold in bulk, between generators, market operators, utilities, and retail energy providers, before it ever reaches homes and businesses. It’s a dynamic, competitive marketplace that plays a central role in determining the price and availability of electricity across the country.
What is a retail electricity market structure?
In addition to wholesale electricity market structures, which impact electricity supply across entire regions, there are also retail electricity market structures that govern how individuals and organizations may purchase power in certain places. One such retail market structure is the concept of retail choice.
How do power market structures affect a customer's access to Green Power Products?
Power market structures can impact a customer’s access to green power products. For instance, in states with retail choice, customers can opt to purchase electricity from a supplier that offers electricity products generated from a larger proportion of emissions-free, renewable electricity than other local suppliers.
What is the difference between a wholesale and a restructured electricity market?
The electric system in much of the South and West is managed using these traditional wholesale electricity markets. By contrast, in a restructured—or deregulated—wholesale market, utilities that serve retail customers are only responsible for delivering electricity to their customers; the electricity is generated by other entities.