Definition of Wholesale energy:
The concept of wholesale trading relates to the business of selling of goods in large quantities and at low prices, typically to be sold on by retailers at a profit. In general, it is the sale of goods to anyone other than a standard consumer. In the wholesale energy market, the term generally relates to purchasing and selling large quantities of electricity between utility companies, but other smaller independent renewable energy producers are also entering the wholesale energy market.
Energy products or by-products that are sold directly to energy-users by non-utility companies. Energy wholesalers buy and sell energy in deregulated markets to produce a secondary market that can be accessed by consumers or businesses as a source of lower-cost energy.
Wholesale energy is a term referring to the bulk 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.
Meaning of Wholesale energy & Wholesale energy Definition