Tell me about yourself? What do you know about Power Trading? Explain clearing & settlement process?

Question

Accepted Answer

Experienced executive with a strong background in power trading, focusing on market dynamics, risk management, and the clearing process.

Power trading involves buying and selling electricity in wholesale markets, balancing supply and demand.
Key players include utilities, independent power producers, and traders who speculate on price movements.
The clearing process ensures that trades are settled, involving a central counterparty to mitigate counterparty risk.
Settlement involves the transfer of funds and physical delivery of power, often managed through market operators.
For example, in the U.S., the PJM Interconnection manages the clearing and settlement for its regional market.

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