How does the electricity wholesale spot market in the UK work? (wholesale=> selling to retailers).
Before each period the market is open, generating companies submit the minimum prices at which they are willing to supply power.
The National Grid then draws up a supply plan based on these "offer" prices.
Before each period the market is open, generating companies submit the minimum prices at which they are willing to supply power.
The National Grid then draws up a supply plan based on these "offer" prices.
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