Definition of Electricity demand bid

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TeachMeFinance.com - explain Electricity demand bid



Electricity demand bid

The term 'Electricity demand bid' as it applies to the area of energy can be defined as ' A bid into the power exchange indicating a quantity of energy or an ancillary service that an eligible customer is willing to purchase and, if relevant, the maximum price that the customer is willing to pay'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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