Electricity markets govern the generation, transmission, distribution, and sale of electrical power. They determine pricing, competition, and investment signals within power systems. Market structures include wholesale markets, retail markets, and capacity markets. Electricity markets support efficient resource allocation, renewable integration, and grid reliability. Regulatory oversight ensures fairness, transparency, and consumer protection. With increasing renewable penetration, electricity markets are evolving to include flexibility services, demand response, and energy storage participation. Well-designed markets are essential for reliable, affordable, and sustainable power systems.
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