Advertisement
Published in:
2018 | OriginalPaper | Chapter
Electricity Trading
Authors : Panos Konstantin, Margarete Konstantin
Published in: The Power Supply Industry
Publisher: Springer International Publishing
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
The energy supply sector in general and the power industry in particular were traditionally dominated by vertically integrated monopolies. A single company took care of all the business fields such as generation, transmission, distribution and selling of electricity. Consumers had no choice of suppliers; they had to buy electricity from their regional utility. Since the beginning of the 90s of the last century, however, the entire energy sector is worldwide undergoing a major transition from monopoly to a market based business. The overall objective of this development has been to lower costs and to foster competition.