The shift from 30-minute settlement to 5-minute settlement (5MS) is fast approaching – 162 days away but who’s counting.
As a reminder, the current settlement price (SP) is determined by averaging six dispatch interval prices within a half-hour period. From October 2021, the dispatch price (DP) will be the settlement price. While the NEM already dispatches on a 5-minute basis, there is no certainty as to how (if at all) price outcomes and the operation of NEM participants will change under the new rules.