- Wholesale Energy
- A term referring to the purchase and sale of energy products – primarily electricity, but also steam and natural gas – in the wholesale market by energy producers and energy retailers. Other participants in the wholesale energy market include financial intermediaries, energy traders and large consumers. Wholesale energy markets developed following the deregulation and restructuring of utilities and electricity markets around the world in the 1990s.
There are independent system operators that coordinate, control and monitor the operation of the energy market. The deregulation of electricity markets and the development of wholesale energy markets have provided end-user benefits such as enhanced reliability, efficient grid dispatch and better price transparency. However, detractors of the wholesale energy concept maintain that it may actually lead to higher prices for retail consumers and can cause artificial shortages such as the California energy crisis of 2000-2001 due to market manipulation.
Investment dictionary. Academic. 2012.
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Wholesale sales — Energy supplied to other electric utilities, cooperatives, municipals, and Federal and state electric agencies for resale to ultimate consumers. U.S. Dept. of Energy, Energy Information Administration s Energy Glossary … Energy terms
Energy Policy Act of 1992 — (EPACT) A comprehensive legislative package that mandates and encourages energy efficiency standards, alternative fuel use, and the development of renewable energy technologies. Public Law 102 486, October 24th, 1992. Also authorized the… … Energy terms
Wholesale Transmission Services — The transmission of electric energy sod, or to be sold, at wholesale in interstate commerce. Energy Central Glossary *** The transmission of electric energy sold, or to be sold, at wholesale in interstate commerce (from EPAct).… … Energy terms
Wholesale transmission services — The transmission of electric energy sold, or to be sold, in the wholesale electric power market. U.S. Dept. of Energy, Energy Information Administration s Energy Glossary … Energy terms
Wholesale Bulk Power — Very large electric sales for resale from generation sources to wholesale market participants and electricity marketers and brokers. Energy Central Glossary … Energy terms
Wholesale Competition — A system whereby a distributor of power would have the option to buy its power from a variety of power producers, and the power producers would be able to compete to sell their power to a variety of distribution companies. Energy Central… … Energy terms
Wholesale Power Market — The purchase and sale of electricity from generators to resellers (who sell to retail customers) along with the ancillary services needed to maintain reliability and power quality at the transmission level. Energy Central Glossary… … Energy terms
Wholesale electric power market — The purchase and sale of electricity from generators to resellers (retailers), along with the ancillary services needed to maintain reliability and power quality at the transmission level. U.S. Dept. of Energy, Energy Information… … Energy terms
Wholesale price — The rack sales price charged for No. 2 heating oil; that is, the price charged customers who purchase No. 2 heating oil free on board at a supplier s terminal and provide their own transportation for the product. U.S. Dept. of Energy, Energy… … Energy terms
Wholesale wheeling — An arrangement in which electricity is transmitted from a generator to a utility through the transmission facilities of an intervening system. U.S. Dept. of Energy, Energy Information Administration s Energy Glossary … Energy terms