The Competitive Market for Electricity in Australia: Why it Works so Well
نویسنده
چکیده
The National Electricity Market is the centerpiece of the Australian restructured electricity industry. It is a spot market in which prices are determined on a five-minute basis but half-hour averages are used for commercial transactions. The five-minute prices are broadcast to participants so that the can respond while the prices are still avoidable. An approximate form of nodal pricing is
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