Understanding Electricity Generation and Demand

Electricity needs to be generated in real-time to meet demand, as there is minimal storage capacity available at a large scale. Traditional energy sources, such as coal, gas, oil, and nuclear, have historically fed the grid, while demand was relatively predictable based on factors like weather. The National Energy System Operator (NISO) oversees the balancing of supply and demand, adjusting the activities of power stations based on real-time energy prices. This complex system ensures the necessary electricity flow but presents vulnerabilities, especially during periods of low generation.