29d • 💻 Technical Skills
Video: The Economics of Suppliers in the Retail Market
The Electricity Market has two components:
The Wholesale Electricity Market , and the Retail Electricity Market.
In the Retail Electricity Market there are companies , known as "Retailers" or "Suppliers" (synonym).
These companies buy electricity from the Wholesale Electricity Market, and then sell it to consumers e.g. residential consumers, commercial consumers, industrial consumers.
A new video has been added where we calculate , in Python, the economic profit of a Retailer. This means Revenue minus Costs. We consider all the cost components.
This video has been added to the online course 5.18 which is in the Classroom.
The Classroom has more than 100 online courses. To join a course, simply send me its name by DM. Then, there is supervision at no extra cost, which means that as you are watching the videos of the course you can message me any questions you may have. You can also download its code. I strongly recommend that you also watch the videos as I offer useful insights.
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Video: The Economics of Suppliers in the Retail Market
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