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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ANSWER
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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