2.3 The time dependance of electricity markets
The time dependence of electricity markets
In the real world, it is impossible to predict how much the electricity demand there will be at any given moment in time. This video will look at how electricity markets handle this discrepancy and how we ensure supply and demand are matched ahead of time.
Our daily electricity usage depends on what we do throughout the day, decreasing and increasing depending on what devices we are using. This video will look at how this changing demand affects the dispatch of electricity and its prices.