From Service to Commodity: The Rise of Power Exchanges Description: In our debut episode, we explore the fundamental restructuring of the electric power industry. We move past the era of electricity as a simple utility service and dive into its new life as a tradable commodity with immense market value. We define the Power Exchange (PX)—the online, internet-based platform that has replaced conventional trading to bring transparency and competition to global markets. You'll learn how these exchanges act as a "counter-party," allowing participants to trade without the risk of individual buyer or seller defaults.