[marcosdumay]

> but I don't see how datacenters are in that market

Are you kidding? If datacenters aren't the majority of that market, they will be soon, and their share will keep growing on the short term. Only factories match their consumption, every other wholesale energy buyer is relatively tiny.

But that market will pay at most a 3x to 5x markup on the grid price. There exists a smaller one formed by far from the grid activities that will pay a much higher price.

[gpm]

Why would datacenters be willing to pay a 3x to 5x markup on the grid price when they could just connect to the grid?

[marcosdumay]

Wholesale buyers are willing to pay 3x to 5x (depends on the location) more than electricity distributors.

Electricity distributors may add a markup of over 10x on resale. For many reasons, it's easier to get energy out of them so you just won't pay the full ~10x markup on the wholesale market.