AEMC: Extension for Five Minute Settlement draft determination
The AEMC is extending the date for publishing a draft determination on the Five Minute Settlement rule change request. The draft determination will now be published on 5 September 2017.
The rule change request proposes changing the settlement period for the electricity spot price from 30 minutes to five minutes. It represents a fundamental change to the way the wholesale electricity market operates in Australia, including the hedge market that operates alongside the spot market.
The stakeholder submissions are available on their website.