Real-time pricing to mark biggest electricity market change since birth in 1996

Fri, 28 Jun 2019

By Gavin Evans June 28 (BusinessDesk) - Businesses and households will get clearer electricity price signals under the biggest change to the wholesale power market since it was established in 1996. Under the changes planned by the Electricity Authority, customers will be able to react to the half-hour prices they see in real-time rather than finding out for sure what the price at the time was up to two days later. Currently, firms can that cut their power use or start their own generators at times of expected high prices but don’t immedia...

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