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Energy and the Environment

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  1. Introduction
  2. Transport Fuels
    5 Topics
  3. Energy Sources: Fossil Fuels
    8 Topics
  4. Energy Sources: Renewables
    10 Topics
  5. Electricity
    10 Topics
  6. Energy Sources: Nuclear
    6 Topics
  7. Demand Response
    6 Topics
  8. Energy/Emissions Policy
    15 Topics
  9. Energy Economics
    2 Topics
    |
    1 Quiz

Participants 170

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Energy and the Environment Demand Response Short Summary of SEC Pricing
Lesson 7, Topic 3
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Short Summary of SEC Pricing

Abdulaziz July 19, 2020
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  • SEC operates around a common pool (spot market) for wholesale trading in physical electricity
  • The ‘spot price’ reflects physical supply and demand across the SEC
  • In parallel to the spot market, Retailers and Generators enter into contracts to buy and sell electricity at an agreed price
    • This parallel market enables retails to manage the risk of volatile wholesale prices for their customers

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