What are the types of energy markets?
An example of an AI chatbot conversation about different energy market types.
What are the different types of energy markets?
There are several types of energy markets, including wholesale, retail, and capacity markets. Would you like to know more about each?
Yes, please explain wholesale and retail markets.
Wholesale markets involve the buying and selling of large quantities of energy, typically between producers and retailers. Retail markets, on the other hand, are where consumers purchase energy from retailers.
What about capacity markets?
Capacity markets ensure that there is enough power supply to meet demand. They provide payments to energy providers for maintaining available capacity.
Are there any other types of energy markets I should know about?
Yes, there are also ancillary service markets, which support the reliability of the grid, and carbon markets, which trade emissions allowances.
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