AEMC – draft rule to move to five minute settlement (submissions by 17 October 2017)

The AEMC has made a draft rule to change the settlement period for the electricity spot price from 30 minutes to five minutes.

They stated that they believe more accurate aligned price signals will lower wholesale costs and encourage more efficient investment in flexible technologies such as aggregating distributed storage, new generation gas peaker plants and rapid demand response.

Submissions on the Five Minute Settlement draft determination close on 17 October 2017.

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