On 11 April the Commission outlined the impacts they anticipate from changing the settlement period for the electricity spot price from 30 minutes to five minutes in a directions paper. A move to five minute settlement would align the physical electricity system that currently matches demand and supply every five minutes with the price signal provided by the spot market for that five minute period. It is anticipated that an efficient price signal will help drive investment in the range of technologies required to meet consumers’ future electricity needs. A public forum will be held on 4 May in Sydney, be webcast live and a recording will be made available later. Submissions on the directions paper close on 18 May 2017. The Commission intends to publish a draft determination on 4 July 2017.