The electricity market
Example: Electricity market trades energy between suppliers and consumers
Definition
"The electricity market" refers to the system or platform where electricity is bought, sold, and traded between suppliers and consumers, including generators, distributors, and retailers. It enables the balancing of supply and demand in real time, ensuring efficient energy distribution.
Etymology
The term "the electricity market" combines 'electricity,' derived from the Greek word 'elektron,' meaning amber (known for static electricity), with 'market,' from the Latin 'mercatus,' meaning a place for trade. Together, they describe a marketplace for trading electrical energy.
Learn to use this word actively
"The electricity market" appears in the Vocaplus list "English - Energy - (A1-C2) - set 1", containing 110 commonly used words.
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