Submission to the AEMC on five minute settlement rule change proposal
The proposal would involve changing the current 30 minute settlement period in the National Electricity Market to a compulsory five minute settlement for generators, scheduled loads and market interconnectors. Demand side participants in the wholesale market, including retailers and large consumers, would choose to be settled on either a five or 30 minute basis.
The AEMC will make a draft determination in relation to this rule change request by March 2017.
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