Answered: What is the market for electricity?

Introductory Circuit Analysis (13th Edition)

13th Edition

ISBN:9780133923605

Author:Robert L. Boylestad

Publisher:Robert L. Boylestad

Chapter1: Introduction

Section: Chapter Questions

Problem 1P: Visit your local library (at school or home) and describe the extent to which it provides literature...

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What is the market for electricity?

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MARKET FOR ELECTRICITY

Electricity market is similar to COMMODITY market in which ""The SUPPLIER generates electricity by install POWER PLANT and sell to the Consumer.

According to the requirement of Consumer the appropriate POWER PLANT is installed also the TRANSMISSION LINE has been set up to transfer electricity to the CONSUMER .

There are following steps involved in this market.

1- Power Estimation

2- Generation Of Electricity

3- Transmission

4- Distribution

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