Saturday, 01 October 2022

Competitive Market

Competitive Market:

While the simple version of the Single Buyer market allows a single wholesaler, the wholesale electricity market model opens competition at wholesale level by allowing multiple wholesalers. There is competition for the market and in the market.

The competitive wholesale electricity market model establishes platforms, systems and mechanisms that enable trading between multiple buyers and multiple sellers. 

Interested parties are admitted in the market after submitting to the Market Operator application, fulfilling all requirements for participation, and as necessary signing a Market Participation Agreement with the Market Operator.