Energy broker system

{
  "id": "MLC-T-ENE-000668",
  "term": "Energy broker system",
  "field": "Energy",
  "definition": "Introduced into Florida by the Public Service Commission, the energy broker system is a system for exchanging information that allows utilities to efficiently exchange hourly quotations of prices at which each is willing to buy and sell electric energy. For the broker system to operate, utility systems must have in place bilateral agreements between all potential parties, must have transmission arrangements between all potential parties, and must have transmission arrangements that allow the exchanges to take place.",
  "references": [
    "EIA Glossary"
  ],
  "url": "https://mlchart.com/terminology/energy/energy-broker-system/"
}