Risk glossary

 

Power pool

1) A system of trading wholesale electricity that determines which generating sets or plants are called to meet demand for power at any particular time and sets the price of power for that period. Pools are deemed necessary by their proponents because electricity generally cannot be stored easily and demand has to be met through simultaneous production.

2) (US) An association of interconnected electric systems with an agreement to coordinate operations and planning for improved reliability and efficiencies.

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